v3.26.1
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Apr. 03, 2026
Summary of Significant Accounting Policies [Abstract]  
Schedule of Allowance for Credit Losses

The following table summarizes the activity related to the Company’s allowance for credit losses during the three months ended April 3, 2026 and March 31, 2025:

 

    Three Months
Ended
April 3,
2026		     Three Months
Ended
March 31,
2025		  
Beginning balance   $ 263       242  
Write-offs of receivables     —       —  
Increase (decrease) in allowance for credit losses     2       (5 )
Ending balance   $ 265       237  
Schedule of Inventory, Net of Reserves

As of April 3, 2026 and December 31, 2025, inventory, net of reserves, consisted of the following:

 

    April 3,
2026		     December 31,
2025		  
Finished goods   $ 36,913     $ 30,946  
Work-in-progress     20,002       27,919  
Raw materials     18,117       10,832  
Inventory, net   $ 75,032     $ 69,697  
Schedule of Property, Plant and Equipment

The Company accounts for depreciation and amortization using the straight-line method to allocate the cost of property, plant and equipment over their estimated useful lives as follows:

 

    Estimated Useful Life (in Years)
Buildings   25
Building improvements   3 – 12
Machinery and equipment   3 – 7
Furniture, fixtures and vehicles   3 – 5
Leasehold improvements   Shorter of the estimated useful life or the remaining lease term
Schedule of Fair Value on Recurring Basis

The following table summarizes the classification between the three levels of the fair value hierarchy of the Company’s financial instruments measured/disclosed at fair value on a recurring basis as of April 3, 2026:

 

    Financial Statement Classification   Level 1     Level 2     Level 3     Total Fair Value  
Assets:                            
Equity securities   Marketable securities   $ 838     $ —     $ —     $ 838  
Derivative asset   Derivative asset     —       3,095       —       3,095  
Total Assets       $ 838     $ 3,095     $ —     $ 3,933  
                                     
Liabilities:                                    
Interest rate collar derivatives   Other liabilities   $ —     $ 33     $ —     $ 33  
Contingent consideration   Other liabilities     —       —       288       288  
Total Liabilities       $ —     $ 33     $ 288     $ 321  

 

The following table summarizes the classification between the three levels of the fair value hierarchy of the Company’s financial instruments measured/disclosed at fair value on a recurring basis as of December 31, 2025:

 

    Financial Statement Classification   Level 1     Level 2     Level 3     Total Fair Value  
Assets:                            
Equity securities   Marketable securities   $ 202     $ —     $ —     $ 202  
Total Assets       $ 202     $ —     $ —     $ 202  
                                     
Liabilities:                                    
Interest rate collar derivatives   Other liabilities   $ —     $ 66     $ —     $ 66  
Contingent consideration   Other liabilities     —       —       288       288  
Total Liabilities       $ —     $ 66     $ 288     $ 354