Note 12 - Income Taxes |
6 Months Ended |
|---|---|
Jun. 28, 2026 | |
| Notes to Financial Statements | |
| Income Tax Disclosure [Text Block] |
Note 12 — Income Taxes
The Company notes that Note 12 - Income Taxes, is presented at the consolidated level, inclusive of continuing and discontinued operations, due to income taxes related to discontinued operations being immaterial in nature for the periods presented.
The Company recorded a net income tax expense (benefit) on the unaudited condensed consolidated statement of operations of $3 thousand and $0 thousand for the three and six months ended June 28, 2026, respectively, and $1 thousand and $6 thousand for the three and six months ended June 29, 2025, respectively. The difference between the estimated annual effective tax rate for fiscal year 2026 of (0.37%) from the U.S. federal statutory tax rate of 21% is primarily due to the Company's valuation allowance movement in each period presented. It is more likely than not that the Company will not realize the federal, state, and certain foreign deferred tax assets as of June 28, 2026. As such, the Company continues to maintain a full valuation allowance against all of its US and certain foreign net deferred tax assets as of June 28, 2026.
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