Quarterly report [Sections 13 or 15(d)]

Basis of Presentation (Tables)

v3.25.3
Basis of Presentation (Tables)
 9 Months Ended
Sep. 27, 2025
Accounting Policies [Abstract]  
Schedule of Reconciliation of Cash The following table provides a reconciliation of cash and restricted cash included in Consolidated Condensed Balance Sheets to the amounts included in the Consolidated Condensed Statements of Cash Flows.
(In thousands) September 27, 2025 September 28, 2024
Cash and Cash Equivalents $ 13,479  $ 5,177 
Restricted Cash 6,101  1,187 
Total Cash and Restricted Cash Shown in Statements of Cash Flows $ 19,580  $ 6,364 
Schedule of Reconciliation of Restricted Cash The following table provides a reconciliation of cash and restricted cash included in Consolidated Condensed Balance Sheets to the amounts included in the Consolidated Condensed Statements of Cash Flows.
(In thousands) September 27, 2025 September 28, 2024
Cash and Cash Equivalents $ 13,479  $ 5,177 
Restricted Cash 6,101  1,187 
Total Cash and Restricted Cash Shown in Statements of Cash Flows $ 19,580  $ 6,364 
Schedule of Allowance for Estimated Credit Losses
The changes in allowances for estimated credit losses for the three and nine months ended September 27, 2025 and September 28, 2024 consisted of the following:
Nine Months Ended Three Months Ended
(In thousands) September 27, 2025 September 28, 2024 September 27, 2025 September 28, 2024
Balance at Beginning of the Period $ 2,377  $ 9,193  $ 842  $ 1,495 
Bad Debt Expense, Net of Recoveries (129) 1,132  (24) 734 
Write-off Charges Against the Allowance and Other Adjustments (1,368) (7,982) 62  114 
Balance at End of the Period $ 880  $ 2,343  $ 880  $ 2,343 
Schedule of Recent Accounting Pronouncements Adopted and Not Yet Adopted
Recent Accounting Pronouncements Adopted
Standard
Description
Financial Statement Effect or Other Significant Matters
ASU No. 2024-04 -Debt - Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments
The amendments in this update clarify the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion or an extinguishment.
We early adopted this standard during the fiscal quarter ended September 27, 2025 and applied it on a prospective basis. Refer to Note 7.
Recent Accounting Pronouncements Not Yet Adopted
Standard
Description
Financial Statement Effect or Other Significant Matters
ASU 2025-06 -Intangibles, Goodwill
and Other — Internal -Use Software
(Subtopic 350-40): Targeted
Improvements to the Accounting for
Internal-Use Software
The amendments in this update remove all references to project stages and clarify the threshold entities apply to begin capitalizing software costs. The update further specifies required disclosures for all capitalized internal-use software costs. This guidance is effective for fiscal years beginning after December 15, 2027 and interim periods within that period. Early adoption is permitted.
 The Company is currently reviewing the guidance and evaluating the impact on our Consolidated Financial Statements and related disclosures.
ASU 2025-05 — Financial Instruments,
Credit Losses (Topic 326): Measurement
of Credit Losses for Accounts
Receivable and Contract Assets		 The amendments in this update provide a practical expedient that allows entities to assume current conditions as of the balance sheet date remain unchanged over the life of current accounts receivable and contract assets when developing forecasts for estimated expected credit losses. This guidance is effective for fiscal years beginning after December 15, 2025 and interim periods within that period. Early adoption is permitted. The Company is currently reviewing the guidance and evaluating the impact on our Consolidated Financial Statements and related disclosures.