v3.26.1
Basis of Presentation and Significant Accounting Policies (Tables)
3 Months Ended
Apr. 03, 2026
Accounting Policies [Abstract]  
Schedule of Reclassifications The Company has made certain reclassification adjustments to conform prior period amounts to current presentation, which include reclassification adjustments between Research and development expenses and Selling and marketing expenses on its Condensed Consolidated Statements of Operations as follows (in thousands):

 

 

 

Three Months Ended March 28, 2025

 

 

 

Prior Presentation

 

 

Reclassification

 

 

New Presentation

 

Selling and marketing

 

$

24,621

 

 

$

2,324

 

 

$

26,945

 

Research and development

 

 

13,663

 

 

 

(2,324

)

 

 

11,339

 

Additionally, non-cash lease expense is now presented on its own line in the Company’s Condensed Consolidated Statements of Cash Flows instead of combined with the changes in other current and non-current liabilities as follows (in thousands):

 

 

 

Three Months Ended March 28, 2025

 

 

 

Prior Presentation

 

 

Reclassification

 

 

New Presentation

 

Non-cash operating lease expense

 

$

 

 

$

1,028

 

 

$

1,028

 

Other current and non-current liabilities

 

 

5,307

 

 

 

(1,028

)

 

 

4,279

 

Schedule of Restructuring, Impairment and Related Charges Restructuring, impairment and related charges were as follows (in thousands):

 

 

 

Three Months Ended

 

 

 

April 3, 2026

 

 

March 28, 2025

 

Severance and reduction in workforce(1)

 

$

1,614

 

 

$

8,808

 

Consulting expenses

 

 

1,067

 

 

 

639

 

Impairment on leasehold improvements and machinery and equipment(2)

 

 

 

 

 

7,059

 

Impairment on real property right-of-use assets(3)

 

 

 

 

 

3,407

 

Impairment on internally developed software(2)

 

 

 

 

 

2,751

 

 

 

$

2,681

 

 

$

22,664

 

 

(1)
See also Note 7 – Other Current Liabilities
(2)
The Company will no longer be using these assets, see Note 5 – Property, Plant and Equipment.
(3)
The Company is actively pursuing subleasing opportunities, see Note 8 – Operating Leases.