| Significant Accounting Policies [Text Block] | 1. Summary of Significant Accounting Policies Basis of Presentation Our fiscal years are based on a 52 53 December. December 30, 2023, March 30, 2024, ( first 2024” first three 2024” April 1, 2023, ( first 2023” first three 2023” first 2024 2023 13 Our interim results are not March 30, 2024 three March 30, 2024. December 30, 2023, 2023 10 All significant consolidated transactions and balances have been eliminated in consolidation. Concentration of Credit Risk Financial instruments that potentially subject us to significant credit risk consist principally of cash equivalents, short-term investments and trade accounts receivable. We invest in a variety of financial instruments and, by policy, limit the amount of credit exposure with any one Our trade accounts receivable are presented net of an allowance for credit losses, which is determined in accordance with the guidance provided by Accounting Standards Codification (“ASC”) Topic 326, Financial Instruments-Credit Losses, 326” March 30, 2024 December 30, 2023, March 30, 2024, may Inventories Inventories are stated at the lower of cost, determined on a first first Inventories by category were as follows ( in thousands March 30, December 30, 2024 2023 Raw materials and purchased parts $ 97,661 $ 103,118 Work in process 28,931 26,820 Finished goods 24,995 25,855 Total inventories $ 151,587 $ 155,793 Property, Plant and Equipment Depreciation and amortization of property, plant and equipment, both owned and under financing lease, is calculated principally on the straight-line method based on estimated useful lives of thirty forty five fifteen three ten not Property, plant and equipment, at cost, consisted of the following (in thousands) March 30, December 30, 2024 2023 Land and land improvements $ 7,114 $ 7,301 Buildings and building improvements 46,193 39,677 Machinery and equipment 110,271 108,831 163,578 155,809 Less accumulated depreciation and amortization (87,164 ) (86,724 ) Property, plant and equipment, net $ 76,414 $ 69,085 Cloud-based Enterprise Resource Planning Implementation Costs We have capitalized certain costs associated with the implementation of our cloud-based Enterprise Resource Planning (“ERP”) system in accordance with ASC Topic 350, Intangibles Goodwill and Other, 350” Unamortized capitalized cloud computing implementation costs totaled $11.4 million and $12.2 million at March 30, 2024, December 30, 2023, seven three March 30, 2024, April 1, 2023. Segment Information We apply the provisions of ASC Topic 280, Segment Reporting 280” 280, three 280 one Goodwill, Intangible Assets and Other Long-lived Assets We evaluate goodwill for impairment annually and when an event occurs or circumstances change that indicate that the carrying value may not first second not 50/50 We conduct our annual impairment test as of October 1st October 1, 2023, may March 30, 2024, not not. may Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets might not may not not During the first 2024, no Product Warranty Product warranty costs are accrued in the period sales are recognized. Our products are generally sold with standard warranty periods, which differ by product, ranging from 12 to 36 months. Parts and labor are typically covered under the terms of the warranty agreement. Our warranty expense accruals are based on historical and estimated costs by product and configuration. From time-to-time we offer customers extended warranties beyond the standard warranty period. In those situations, the revenue relating to the extended warranty is deferred at its estimated fair value and recognized on a straight-line basis over the contract period. Costs associated with our extended warranty contracts are expensed as incurred. Restructuring Costs We record restructuring activities including costs for one 420, Exit or Disposal Cost Obligations 420” . 420 712, Nonretirement Postemployment Benefits 4, Debt Issuance Costs We capitalize costs related to the issuance of debt. Debt issuance costs that were directly related to our Term Loan Credit Facility were presented within noncurrent liabilities as a reduction of long-term debt in our condensed consolidated balance sheets. The amortization of such costs was recognized as interest expense using the effective interest method over the term of the respective debt issue. Amortization related to deferred debt issuance costs and original discount costs was $49,000 for the three April 1, 2023. February 9, 2024, 3, Foreign Remeasurement and Currency Translation Assets and liabilities of our wholly owned foreign subsidiaries that use the U.S. Dollar as their functional currency are re-measured using exchange rates in effect at the end of the period, except for nonmonetary assets, such as inventories and property, plant and equipment, which are re-measured using historical exchange rates. Revenues and costs are re-measured using average exchange rates for the period, except for costs related to those balance sheet items that are re-measured using historical exchange rates. Gains and losses on foreign currency transactions are recognized as incurred. During the three March 30, 2024, three April 1, 2023, Certain of our foreign subsidiaries have designated the local currency as their functional currency and, as a result, their assets and liabilities are translated at the rate of exchange at the balance sheet date, while revenue and expenses are translated using the average exchange rate for the period. Cumulative translation adjustments resulting from the translation of the financial statements are included as a separate component of stockholders’ equity. Foreign Exchange Derivative Contracts We operate and sell our products in various global markets. As a result, we are exposed to changes in foreign currency exchange rates. To minimize foreign exchange volatility, we enter into foreign currency forward contracts with a financial institution to hedge against future movements in foreign exchange rates that affect certain existing U.S. Dollar denominated assets and liabilities held at our subsidiaries whose functional currency is the local currency. For accounting purposes, our foreign currency forward contracts are not 7, Share-Based Compensation We measure and recognize all share-based compensation under the fair value method. Reported share-based compensation is classified, in the condensed consolidated interim financial statements, as follows (in thousands) Three Months Ended March 30, April 1, 2024 2023 Cost of sales $ 227 $ 180 Research and development 834 866 Selling, general and administrative 3,567 2,868 Total share-based compensation 4,628 3,914 Income tax effect 203 (2,776 ) Total share-based compensation, net $ 4,831 $ 1,138 Income (Loss) Per Share Basic income (loss) per common share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the reporting period. Diluted income (loss) per share includes the dilutive effect of common shares potentially issuable upon the exercise of stock options, vesting of outstanding restricted stock and performance stock units and issuance of stock under our employee stock purchase plan using the treasury stock method. In loss periods, potentially dilutive securities are excluded from the per share computations due to their anti-dilutive effect. For purposes of computing diluted income (loss) per share, stock options with exercise prices that exceed the average fair market value of our common stock for the period are excluded. For the three March 30, 2024, three April 1, 2023, The following table reconciles the denominators used in computing basic and diluted income (loss) per share (in thousands) Three Months Ended March 30, April 1, 2024 2023 Weighted average common shares 47,134 47,343 Effect of dilutive securities - 828 47,134 48,171 Leases We determine if a contract contains a lease at inception. Operating leases are included in operating lease right of use (“ROU”) assets, current other accrued liabilities, and long-term lease liabilities on our condensed consolidated balance sheets. Finance leases are included in property, plant and equipment, other current accrued liabilities, and long-term lease liabilities on our condensed consolidated balance sheets. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at the adoption date or the commencement date for leases entered into after the adoption date. As most of our leases do not The operating lease ROU asset also includes any lease payments made, lease incentives, favorable and unfavorable lease terms recognized in business acquisitions and excludes initial direct costs incurred and variable lease payments. Variable lease payments include estimated payments that are subject to reconciliations throughout the lease term, increases or decreases in the contractual rent payments, as a result of changes in indices or interest rates and tax payments that are based on prevailing rates. Our lease terms may Leases with an initial term of 12 not We sublease certain leased assets to third None Revenue Recognition Our net sales are derived from the sale of products and services and are adjusted for estimated returns and allowances, which historically have been insignificant. We recognize revenue when the obligations under the terms of a contract with our customers are satisfied; generally, this occurs with the transfer of control of our systems, non-system products or services. In circumstances where control is not Revenue for established products that have previously satisfied a customer’s acceptance requirements is generally recognized upon shipment. In cases where a prior history of customer acceptance cannot be demonstrated or from sales where customer payment dates are not Certain of our equipment sales have multiple performance obligations. These arrangements involve the delivery or performance of multiple performance obligations, and transfer of control of performance obligations may Unsatisfied performance obligations primarily represent contracts for products with future delivery dates. At March 30, 2024, one 606, Revenue from Contracts with Customers 606” not one We generally sell our equipment with a product warranty. The product warranty provides assurance to customers that delivered products are as specified in the contract (an “assurance-type warranty”). Therefore, we account for such product warranties under ASC Topic 460, Guarantees 460” not The transaction price reflects our expectations about the consideration we will be entitled to receive from the customer and may not not Our contracts are typically less than one 606 one Accounts receivable represents our unconditional right to receive consideration from our customer. Payment terms do not one not On shipments where sales are not March 30, 2024, one December 30, 2023, one Net sales by type are as follows (in thousands): Three Months Ended Disaggregated Net Sales March 30, 2024 April 1, 2023 Systems $ 37,311 $ 102,984 Non-systems 70,303 76,387 Total net sales $ 107,614 $ 179,371 Revenue by geographic area based upon product shipment destination (in thousands Three Months Ended Disaggregated Net Sales March 30, 2024 April 1, 2023 Malaysia $ 16,899 $ 31,895 United States 14,642 18,743 Singapore 12,064 10,706 Philippines 11,842 31,790 China 11,744 21,110 Rest of the World 40,423 65,127 Total net sales $ 107,614 $ 179,371 A small number of customers historically have been responsible for a significant portion of our net sales. Significant customer concentration information is as follows: Three Months Ended March 30, April 1, 2024 2023 Customers individually accounting for more than 10% of net sales one two Percentage of net sales 10% 24% Accumulated Other Comprehensive Loss Our accumulated other comprehensive loss balance totaled approximately $44.3 million and $34.8 million at March 30, 2024 December 30, 2023, not three 2024 2023 not Retiree Medical Benefits We provide post-retirement health benefits to certain retired executives, one no three 2024 2023 not Recent Accounting Pronouncements In December 2023, 2023 09, Income Taxes (Topic 740 December 15, 2024, may In November 2023, 2023 07, Segment Reporting (Topic 280 December 15, 2023 December 15, 2024. |
