v3.26.1
Note 4 - Balance Sheet Components
6 Months Ended
Jul. 04, 2026
Notes to Financial Statements  
Supplemental Balance Sheet Disclosures [Text Block]

Note 4 - Balance Sheet Components

 

Accounts Receivable

 

Accounts receivable do not bear interest and are shown net of an allowance for expected lifetime credit losses, which reflects our best estimate of probable losses inherent in the accounts receivable balance, as described in our 2025 10-K.

 

  July 4,  January 3, 

(In thousands)

 

2026

  

2026

 

Accounts receivable

 $120,024  $102,277 

Less: Allowance for credit losses

      

Accounts receivable, net

 $120,024  $102,277 

 

Inventories

 

  July 4,  January 3, 

(In thousands)

 

2026

  

2026

 

Work in progress

 $86,457  $69,031 

Finished goods

  14,044   20,171 

Total inventories, net

 $100,501  $89,202 

 

Property and Equipment – Geographic Information

 

Our Property and equipment, net by country at the end of each period was as follows:

 

  July 4,  January 3, 

(In thousands)

 

2026

  

2026

 

United States

 $38,587  $40,338 
         

India

  12,760   11,825 

Taiwan

  11,500   11,524 

Philippines

  7,142   6,544 

Malaysia

  7,305   3,532 

China

  1,962   2,552 

Other

  1,294   717 

Total foreign property and equipment, net

  41,963   36,694 

Total property and equipment, net

 $80,550  $77,032 

 

Accrued Liabilities

 

Included in Accrued liabilities in the Consolidated Balance Sheets are the following balances:

 

  

July 4,

  

January 3,

 

(In thousands)

 

2026

  

2026

 

Current portion of liability for non-cancellable contracts

 $15,494  $13,296 

Current portion of operating lease liabilities

  5,491   5,980 

Contract liabilities

  5,496   4,006 

Other accrued liabilities

  6,210   7,312 

Total accrued liabilities

 $32,691  $30,594 

 

Other Long-Term Liabilities

 

Included in Other long-term liabilities in the Consolidated Balance Sheets are the following balances:

 

  

July 4,

  

January 3,

 

(In thousands)

 

2026

  

2026

 

Long-term portion of liability for non-cancellable contracts

 $5,531  $8,962 

Other long-term liabilities

  5,666   6,304 

Total other long-term liabilities

 $11,197  $15,266