| Schedule of Goodwill |
Goodwill
as of March 29, 2026 and December 28, 2025 was as follows (in thousands):
| | |
Residential
Solar
Installation | | |
New Homes | | |
Dealer | | |
Total | |
| Balance as of December 28, 2025 | |
| | |
| | |
| | |
| |
| Goodwill | |
$ | 30,808 | | |
| — | | |
$ | 31,822 | | |
$ | 62,630 | |
| Accumulated impairment losses | |
| — | | |
| — | | |
| — | | |
| — | |
| Total | |
| 30,808 | | |
| — | | |
| 31,822 | | |
| 62,630 | |
| Measurement period adjustments | |
| — | | |
| — | | |
| — | | |
| — | |
| Goodwill acquired in business combinations | |
| — | | |
| 12,977 | | |
| — | | |
| 12,977 | |
| Balance as of March 29, 2026 | |
| | | |
| | | |
| | | |
| | |
| Goodwill | |
| 30,808 | | |
| 12,977 | | |
| 31,822 | | |
| 75,607 | |
| Accumulated impairment losses | |
| — | | |
| — | | |
| — | | |
| — | |
| Total | |
$ | 30,808 | | |
$ | 12,977 | | |
$ | 31,822 | | |
$ | 75,607 | |
|
Goodwill as of and for the fiscal years ended
December 28, 2025 and December 29, 2024 is as follows (in thousands):
| | |
Residential Solar Installation | | |
New Homes | | |
Dealer | | |
Total | |
| Balance as of December 31, 2023 | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | |
| Goodwill acquired in business combinations | |
| 18,276 | | |
| 200 | | |
| — | | |
| 18,476 | |
| Impairment losses | |
| — | | |
| — | | |
| — | | |
| — | |
| Balance as of December 29, 2024 | |
| | | |
| | | |
| | | |
| | |
| Goodwill | |
| 18,276 | | |
| 200 | | |
| — | | |
| 18,476 | |
| Accumulated impairment losses | |
| — | | |
| — | | |
| — | | |
| — | |
| Total | |
| 18,276 | | |
| 200 | | |
| — | | |
| 18,476 | |
| Measurement period adjustments | |
| (18,276 | ) | |
| (200 | ) | |
| — | | |
| (18,476 | ) |
| Goodwill acquired in business combinations | |
| 30,808 | | |
| — | | |
| 31,822 | | |
| 62,630 | |
| Impairment losses | |
| — | | |
| — | | |
| — | | |
| — | |
| Balance as of December 28, 2025 | |
| | | |
| | | |
| | | |
| | |
| Goodwill | |
| 30,808 | | |
| — | | |
| 31,822 | | |
| 62,630 | |
| Accumulated impairment losses | |
| — | | |
| — | | |
| — | | |
| — | |
| Total | |
$ | 30,808 | | |
$ | — | | |
$ | 31,822 | | |
$ | 62,630 | |
|
| Schedule of Intangible Assets with Finite Useful Lives |
The
following tables present intangible assets with finite useful lives as of March 29, 2026 and December 28, 2025 (in thousands):
| As
of March 29, 2026 | |
Gross
Carrying
Amount(1) | | |
Accumulated
Amortization | | |
Net
Book
Value | |
| Customer
related intangibles | |
$ | 35,100 | | |
$ | (4,948 | ) | |
$ | 30,152 | |
| Trademarks | |
| 20,394 | | |
| (2,351 | ) | |
| 18,043 | |
| Developed
technology | |
| 5,300 | | |
| (2,450 | ) | |
| 2,850 | |
| Lease
intangible asset | |
| 771 | | |
| — | | |
| 771 | |
| Total | |
$ | 61,565 | | |
$ | (9,749 | ) | |
$ | 51,816 | |
| As
of December 28, 2025 | |
Gross
Carrying
Amount(1) | | |
Accumulated
Amortization | | |
Net
Book
Value | |
| Customer
related intangibles | |
$ | 34,000 | | |
$ | (3,198 | ) | |
$ | 30,802 | |
| Trademarks | |
| 18,394 | | |
| (1,707 | ) | |
| 16,687 | |
| Developed
technology | |
| 5,300 | | |
| (1,975 | ) | |
| 3,325 | |
| Total | |
$ | 57,694 | | |
$ | (6,880 | ) | |
$ | 50,814 | |
|
The
following tables present intangible assets with finite useful lives as of December 28, 2025 and December 29, 2024 (in thousands):
| As of December 28, 2025 | |
Gross
Carrying
Amount(1) | | |
Accumulated
Amortization | | |
Net Book
Value | |
| Customer related intangibles | |
$ | 34,000 | | |
$ | (3,198 | ) | |
$ | 30,802 | |
| Trademarks | |
| 18,394 | | |
| (1,707 | ) | |
| 16,687 | |
| Developed technology | |
| 5,300 | | |
| (1,975 | ) | |
| 3,325 | |
| Total | |
$ | 57,694 | | |
$ | (6,880 | ) | |
$ | 50,814 | |
| As
of December 29, 2024 | |
Gross
Carrying
Amount(1) | | |
Accumulated
Amortization | | |
Net
Book
Value | |
| Trademarks | |
$ | 13,600 | | |
$ | (340 | ) | |
$ | 13,260 | |
| Developed
technology | |
| 4,500 | | |
| (375 | ) | |
| 4,125 | |
| Total | |
$ | 18,100 | | |
$ | (715 | ) | |
$ | 17,385 | |
| (1) | The gross carrying amounts as of December 28, 2025 reflect the final allocation of the purchase consideration in connection with the SunPower Businesses. The gross carrying amounts as of December 29, 2024 were provisional amounts. As a result of the measurement period adjustment to the intangible assets of the SunPower Businesses, amortization expense was $1.4 million lower in the fiscal year ended December 28, 2025. |
|