v3.26.3
FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
Sep. 27, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The Company’s financial assets and liabilities subject to fair value measurement on a recurring basis and the level of inputs used for such measurements were as follows:
Fair Value Measured on September 27, 2026
Level 1Level 2Level 3Total
Assets:
Interest rate collar asset— 1,924 — 1,924 
Total fair value assets$— $1,924 $— $1,924 
Liabilities:
Earn-out liability— — 229 229 
Total fair value liabilities$— $— $229 $229 
Fair Value Measured on December 31, 2025
Level 1Level 2Level 3Total
Liabilities:
Warrant liability (Public)$1,369 $— $— $1,369 
Warrant liability (Private)— — 655 655 
Earn-out liability— — 2,045 2,045 
Interest rate collar liability— 3,498 — 3,498 
Total fair value liabilities$1,369 $3,498 $2,700 $7,567 
Schedule of Fair Value Measurement Inputs and Valuation Techniques
The fair value of Private Warrants was estimated as of the measurement date using the Monte Carlo simulation model with the following assumptions:
December 31, 2025
Valuation date price$4.13 
Strike price$11.50 
Remaining life (in years)0.54
Expected dividend$— 
Risk-free interest rate3.52%
Price threshold$18.00 
The fair value of the earn-out liability was estimated as of the measurement date using the Monte Carlo simulation model with the following assumptions:
September 27, 2026December 31, 2025
Valuation date price$2.47 $4.13 
Expected term (in years)1.802.54
Expected volatility68.34%78.79%
Risk-free interest rate4.65%3.45%
Price hurdle$15.00 $15.00 
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The reconciliation of changes in Level 3 liabilities during the 39-week periods ended September 27, 2026 and September 28, 2025 is as follows:
Private WarrantsEarn-Out LiabilityTotal
Balance at December 31, 2024$265 $1,148 $1,413 
Losses included in earnings1,006 722 1,728 
Balance at September 28, 2025$1,271 $1,870 $3,141 
Balance at December 31, 2025$655 $2,045 $2,700 
Gains included in earnings(655)(1,816)(2,471)
Balance at September 27, 2026$— $229 $229