v3.26.1
Income Taxes (Tables)
 3 Months Ended
Apr. 03, 2026
Income Taxes [Abstract]  
Schedule of Domestic and Foreign Net Income Before Provision for Income Taxes

The Company’s domestic and foreign net income before provision for income taxes for three months ended April 3, 2026 consists of the following:

 

    Three Months Ended
April 3,
2026		  
Domestic   $ 4,358  
Foreign     14  
Total   $ 4,372  
Schedule of Income Tax Provision

The Company’s income tax provision for three months ended April 3, 2026 consists of the following:

 

    Three Months Ended
April 3,
2026		  
Current      
Federal   $ —  
State     51  
Foreign     —  
Total current     51  
Deferred        
Federal     4,637  
State     106  
Foreign     (84 )
Total deferred     4,659  
Total income tax provision   $ 4,710  
Schedule of Deferred Tax Assets and Liabilities

The approximate tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities are as follows:

 

    April 3,
2026		  
Deferred tax assets:      
Lease liabilities   $ 2,346  
Accrued expenses and other reserves     1,535  
Tax credits     836  
Deferred revenue     722  
Stock-based compensation     329  
Other     186  
Total deferred tax assets     5,954  
Deferred tax liabilities:        
Excess of book over tax basis of fixed assets     (7,093 )
Right-of-use assets     (2,254 )
Unrealized gains     (838 )
Intangible assets     (320 )
Other     (185 )
Total deferred tax liabilities     (10,690 )
Net deferred tax liabilities   $ (4,736 )
Schedule of Income Before Income Tax Expense

The actual tax provision for the three months ended April 3, 2026 differs from that derived from using a U.S federal statutory rate of 21% to income before income tax expense as follows:

 

    Three Months Ended
April 3, 2026		  
U.S. federal statutory rate   $ 918       21.0 %
Increase (decrease) in income taxes resulting from:                
State and local income tax, net of federal income tax effect     32       0.7  
Foreign tax effects:                
Germany     14       0.3  
Effect of changes in tax laws or rates enacted in the current period (net deferred tax liabilities established in connection with the Reorganization)     3,533       80.8  
Effect of cross-border tax laws:                
Global Intangible low-taxed income     7       0.2  
Foreign-derived intangible income     (68 )     (1.6 )
Nontaxable or nondeductible items:                
Tax credits     (140 )     (3.2 )
Stock-based compensation     75       1.7  
Other reconciling items     339       7.8  
Effective tax rate   $ 4,710       107.7 %