Lattice Semiconductor (LSCC) 10-Q 30 Jul 24 2024 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 29, 2024	Jul. 23, 2024
Document Information [Line Items]
Entity Central Index Key	0000855658
Entity Registrant Name	Lattice Semiconductor Corp
Amendment Flag	false
Current Fiscal Year End Date	--12-28
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 29, 2024
Document Transition Report	false
Entity File Number	000-18032
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	93-0835214
Entity Address, Address Line One	5555 NE Moore Court
Entity Address, City or Town	Hillsboro
Entity Address, State or Province	OR
Entity Address, Postal Zip Code	97124
City Area Code	503
Local Phone Number	268-8000
Title of 12(b) Security	Common Stock, $.01 par value
Trading Symbol	LSCC
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		137,772,234

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Revenue	$ 124,076	$ 190,079	$ 264,891	$ 374,389
Cost of revenue	39,325	57,518	83,932	113,227
Gross margin	84,751	132,561	180,959	261,162
Operating expenses:
Research and development	38,733	41,946	79,324	77,935
Selling, general, and administrative	20,005	36,788	56,474	69,366
Amortization of acquired intangible assets	869	869	1,739	1,739
Restructuring	2,579	(112)	4,283	(82)
Total operating expenses	62,186	79,491	141,820	148,958
Income from operations	22,565	53,070	39,139	112,204
Interest income (expense), net	933	189	2,240	(366)
Other income (expense), net	254	(176)	208	(271)
Income before income taxes	23,752	53,083	41,587	111,567
Income tax expense	1,121	2,439	4,160	5,000
Net income	$ 22,631	$ 50,644	$ 37,427	$ 106,567
Net income per share:
Basic (in dollars per share)	$ 0.16	$ 0.37	$ 0.27	$ 0.77
Diluted (in dollars per share)	$ 0.16	$ 0.36	$ 0.27	$ 0.76
Shares used in per share calculations:
Basic (in shares)	137,548	137,735	137,480	137,573
Diluted (in shares)	138,243	139,768	138,485	139,966

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Net income	$ 22,631	$ 50,644	$ 37,427	$ 106,567
Other comprehensive income (loss):
Translation adjustment	(296)	(457)	(770)	(268)
Comprehensive income	$ 22,335	$ 50,187	$ 36,657	$ 106,299

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 29, 2024	Dec. 30, 2023
Current assets:
Cash and cash equivalents	$ 109,216	$ 128,317
Accounts receivable, net of allowance for credit losses	103,442	104,373
Inventories, net	101,556	98,826
Prepaid expenses and other current assets	38,990	36,430
Total current assets	353,204	367,946
Property and equipment, less accumulated depreciation	50,801	49,546
Operating lease right-of-use assets	17,326	14,487
Intangible assets, net	19,016	20,974
Goodwill	315,358	315,358
Deferred income taxes	57,329	57,762
Other long-term assets	14,486	14,821
Total assets	827,520	840,894
Liabilities, Current [Abstract]
Accounts payable	34,957	34,487
Accrued Liabilities, Current	32,088	36,048
Accrued payroll obligations	13,239	26,865
Total current liabilities	80,284	97,400
Long-term operating lease liabilities, net of current portion	11,975	10,739
Other long-term liabilities	36,412	40,735
Total liabilities	128,671	148,874
Contingencies (Note 12)
Stockholders' equity:
Preferred stock, $.01 par value, 10,000,000 shares authorized, none issued and outstanding	0	0
Common stock, $.01 par value, 300,000,000 shares authorized; 137,765,000 shares issued and outstanding as of June 29, 2024 and 137,340,000 shares issued and outstanding as of December 30, 2023	1,378	1,373
Additional paid-in capital	515,753	545,586
Retained earnings	185,394	147,967
Accumulated other comprehensive loss	(3,676)	(2,906)
Total stockholders' equity	698,849	692,020
Total liabilities and stockholders' equity	$ 827,520	$ 840,894

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Jun. 29, 2024	Dec. 30, 2023
Accumulated depreciation	$ 119,182	$ 125,856
Preferred stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	137,765,000	137,340,000
Common stock, shares outstanding (in shares)	137,765,000	137,340,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023
Cash flows from operating activities:
Net income	$ 37,427	$ 106,567
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	18,385	16,578
Stock-based compensation expense	21,713	35,744
Change in deferred income tax provision	(969)	(882)
Amortization of right-of-use assets	3,812	3,317
Impairment of operating lease right-of-use asset	384	0
Other non-cash adjustments	133	110
Changes in assets and liabilities:
Accounts receivable, net	931	(2,569)
Inventories, net	(2,730)	(1,115)
Prepaid expenses and other assets	(6,717)	(3,657)
Accounts payable	470	(772)
Accrued liabilities	(3,523)	(15,078)
Accrued payroll obligations	(13,626)	(19,045)
Operating lease liabilities, current and long-term portions	(4,248)	(3,740)
Net cash provided by (used in) operating activities	51,442	115,458
Cash flows from investing activities:
Capital expenditures	(10,581)	(11,943)
Cash paid for software and intellectual property licenses	(7,607)	(5,799)
Net cash provided by (used in) investing activities	(18,188)	(17,742)
Cash flows from financing activities:
Restricted stock unit tax withholdings	(26,980)	(39,189)
Proceeds from issuance of common stock	5,246	4,750
Repurchase of common stock	(29,999)	(20,006)
Repayment of long-term debt	0	(85,000)
Net cash provided by (used in) financing activities	(51,733)	(139,445)
Effect of exchange rate change on cash	(622)	(220)
Net increase (decrease) in cash and cash equivalents	(19,101)	(41,949)
Beginning cash and cash equivalents	128,317	145,722
Ending cash and cash equivalents	109,216	103,773
Supplemental disclosure of cash flow information and non-cash investing and financing activities:
Interest paid	0	2,962
Income taxes paid, net of refunds	3,886	6,837
Operating lease payments	4,564	4,082
Accrued purchases of plant and equipment	160	571
Operating lease right-of-use assets obtained in exchange for lease obligations	$ 7,162	$ 393

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balances (in shares) at Dec. 31, 2022	137,099,000
Balances at Dec. 31, 2022	$ 1,371	$ 599,300	$ (111,094)	$ (2,414)	$ 487,163
Net income	0	0	106,567	0	106,567
Other comprehensive income (loss)	0	0	0	(268)	(268)
Total comprehensive income					106,299
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes (in shares)	965,000
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes	$ 9	(34,448)			(34,439)
Stock-based compensation expense	$ 0	35,744	0	0	35,744
Repurchase of common stock (in shares)	(241,000)
Repurchase of common stock	$ (2)	(20,004)	0	0	(20,006)
Balances (in shares) at Jul. 01, 2023	137,823,000
Balances at Jul. 01, 2023	$ 1,378	580,592	(4,527)	(2,682)	574,761
Balances (in shares) at Apr. 01, 2023	137,637,000
Balances at Apr. 01, 2023	$ 1,376	570,994	(55,171)	(2,225)	514,974
Net income	0	0	50,644	0	50,644
Other comprehensive income (loss)	0	0	0	(457)	(457)
Total comprehensive income					50,187
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes (in shares)	308,000
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes	$ 3	(1,890)			(1,887)
Stock-based compensation expense	$ 0	21,489	0	0	21,489
Repurchase of common stock (in shares)	(122,000)
Repurchase of common stock	$ (1)	(10,001)	0	0	(10,002)
Balances (in shares) at Jul. 01, 2023	137,823,000
Balances at Jul. 01, 2023	$ 1,378	580,592	(4,527)	(2,682)	$ 574,761
Balances (in shares) at Dec. 30, 2023	137,340,000				137,340,000
Balances at Dec. 30, 2023	$ 1,373	545,586	147,967	(2,906)	$ 692,020
Net income	0	0	37,427	0	37,427
Other comprehensive income (loss)	0	0	0	(770)	(770)
Total comprehensive income					36,657
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes (in shares)	833,000
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes	$ 9	(21,743)			(21,734)
Stock-based compensation expense	$ 0	21,713	0	0	21,713
Repurchase of common stock (in shares)	(408,000)
Repurchase of common stock	$ (4)	(29,803)	0	0	$ (29,807)
Balances (in shares) at Jun. 29, 2024	137,765,000				137,765,000
Balances at Jun. 29, 2024	$ 1,378	515,753	185,394	(3,676)	$ 698,849
Balances (in shares) at Mar. 30, 2024	137,538,000
Balances at Mar. 30, 2024	$ 1,375	521,904	162,763	(3,380)	682,662
Net income	0	0	22,631	0	22,631
Other comprehensive income (loss)	0	0	0	(296)	(296)
Total comprehensive income					22,335
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes (in shares)	370,000
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes	$ 4	436			440
Stock-based compensation expense	$ 0	3,219	0	0	3,219
Repurchase of common stock (in shares)	(143,000)
Repurchase of common stock	$ (1)	(9,806)	0	0	$ (9,807)
Balances (in shares) at Jun. 29, 2024	137,765,000				137,765,000
Balances at Jun. 29, 2024	$ 1,378	$ 515,753	$ 185,394	$ (3,676)	$ 698,849

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	6 Months Ended
	Jun. 29, 2024
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	1 Lattice Semiconductor Corporation and its subsidiaries (“Lattice,” the “Company,” “we,” “us,” or “our”) develop technologies that we monetize through differentiated programmable logic semiconductor products, silicon-enabling products, system solutions, design services, and technology licenses. Basis of Presentation and Use of Estimates The accompanying Consolidated Financial Statements are unaudited and have been prepared in accordance with U.S. Generally Accepted Accounting Principles ("U.S. GAAP") and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission ("SEC"). In our opinion, they include all adjustments, consisting only of normal recurring adjustments, necessary for the fair presentation of results for the interim periods. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted as permitted by the SEC's rules and regulations for interim reporting. These Consolidated Financial Statements should be read in conjunction with our audited financial statements and notes thereto included in our Annual Report on Form 10 December 30, 2023 (" 2023 10 The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments affecting the amounts reported in our consolidated condensed financial statements and the accompanying notes. We base our estimates and judgments on historical experience, knowledge of current conditions, and our beliefs of what could occur in the future considering available information. While we believe that our estimates, assumptions, and judgments are reasonable, they are based on information available when made, and because of the uncertainty inherent in these matters, the actual results that we experience may We describe our accounting methods and practices in more detail in our 2023 10 no 2023 10 Certain prior year balances have been reclassified to conform to the current year’s presentation. Fiscal Reporting Periods We report based on a 52 53 December 31. 2024 52 December 28, 2024, 2023 52 December 30, 2023. second 2024 second 2023 June 29, 2024 July 1, 2023 13 26 Concentrations of Risk Potential exposure to concentrations of risk may 91% and 89% second 2024 2023 first six 2024 2023 d for 44 %, 29%, and 12 % of net accounts receivable at June 29, 2024 and 36%, 29%, and 18% December 30, 2023

Note 2 - Net Income Per Share

Note 2 - Net Income Per Share	6 Months Ended
	Jun. 29, 2024
Notes to Financial Statements
Earnings Per Share [Text Block]	2 Our calculation of the diluted share count includes the number of shares from our equity awards with market conditions or performance conditions that would be issuable under the terms of such awards at the end of the reporting period. For equity awards with a market condition, the number of shares included in the diluted share count as of the end of each period presented is determined by measuring the achievement of the market condition as of the end of the respective reporting periods. See "Note 9 to our consolidated financial statements for further discussion of our equity awards with market conditions or performance conditions. A summary of basic and diluted Net income per share is presented in the following table: Three Months Ended Six Months Ended June 29, July 1, June 29, July 1, (In thousands, except per share data) 2024 2023 2024 2023 Net income $ 22,631 $ 50,644 $ 37,427 $ 106,567 Shares used in basic Net income per share 137,548 137,735 137,480 137,573 Dilutive effect of stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition 695 2,033 1,005 2,393 Shares used in diluted Net income per share 138,243 139,768 138,485 139,966 Basic Net income per share $ 0.16 $ 0.37 $ 0.27 $ 0.77 Diluted Net income per share $ 0.16 $ 0.36 $ 0.27 $ 0.76 The computation of diluted Net income per share excludes the effects of stock options, restricted stock units ("RSUs"), Employee Stock Purchase Plan ("ESPP") shares, and equity awards with a market condition or performance condition that are antidilutive, aggregating approximately the following number of shares: Three Months Ended Six Months Ended June 29, July 1, June 29, July 1, (In thousands) 2024 2023 2024 2023 Stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition excluded as they are antidilutive 1,001 158 898 115

Note 3 - Revenue From Contracts

Note 3 - Revenue From Contracts With Customers	6 Months Ended
	Jun. 29, 2024
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	3 Disaggregation of Revenue The following tables provide information about revenue from contracts with customers disaggregated by channel and by geographical market, based on ship-to location of our customer s: Three Months Ended Six Months Ended Revenue by Channel June 29, July 1, June 29, July 1, (In thousands) 2024 2023 2024 2023 Distributors $ 112,530 91 % $ 169,362 89 % $ 235,735 89 % $ 330,708 88 % Direct 11,546 9 % 20,717 11 % 29,156 11 % 43,681 12 % Total revenue $ 124,076 100 % $ 190,079 100 % $ 264,891 100 % $ 374,389 100 % Revenue by Geographical Market (In thousands) China $ 48,159 39 % $ 55,834 30 % $ 105,031 40 % $ 111,556 30 % Japan 23,161 19 % 38,728 20 % 48,149 18 % 68,745 18 % Other Asia 11,299 9 % 24,461 13 % 21,867 8 % 44,477 12 % Asia 82,619 67 % 119,023 63 % 175,047 66 % 224,778 60 % Americas 23,609 19 % 32,668 17 % 55,589 21 % 74,571 20 % Europe 17,848 14 % 38,388 20 % 34,255 13 % 75,040 20 % Total revenue $ 124,076 100 % $ 190,079 100 % $ 264,891 100 % $ 374,389 100 % Contract Balances Our contract assets relate to our rights to consideration for licenses and royalties due to us as a member of the HDMI Founders consortium. The balance results primarily from the amount of estimated revenue related to HDMI that we have recognized to date, but which has not first six 2024 (In thousands) Contract assets as of December 30, 2023 $ 11,194 Revenues recorded during the period 7,646 Transferred to Accounts receivable or collected (4,663 ) Contract assets as of June 29, 2024 $ 14,177 Contract liabilities are included in Accrued liabilities on our Consolidated Balance Sheets. The following table summarizes activity during the first six 2024 (In thousands) Contract liabilities as of December 30, 2023 $ 5,304 Accruals for estimated future stock rotation and scrap returns 9,576 Less: Release of accruals for recognized stock rotation and scrap returns (8,929 ) Contract liabilities as of June 29, 2024 $ 5,951

Note 4 - Balance Sheet Componen

Note 4 - Balance Sheet Components	6 Months Ended
	Jun. 29, 2024
Notes to Financial Statements
Supplemental Balance Sheet Disclosures [Text Block]	4 Accounts Receivable Accounts receivable do not 2023 10 June 29, December 30, (In thousands) 2024 2023 Accounts receivable $ 103,442 $ 104,373 Less: Allowance for credit losses — — Accounts receivable, net of allowance for credit losses $ 103,442 $ 104,373 Inventories June 29, December 30, (In thousands) 2024 2023 Work in progress $ 69,659 $ 65,396 Finished goods 31,897 33,430 Total inventories, net $ 101,556 $ 98,826 Property and Equipment – Geographic Information Our Property and equipment, net by country at the end of each period was as follows: June 29, December 30, (In thousands) 2024 2023 United States $ 31,833 $ 29,467 Taiwan 8,146 10,222 Philippines 5,153 4,602 China 2,758 2,778 Other 2,911 2,477 Total foreign property and equipment, net 18,968 20,079 Total property and equipment, net $ 50,801 $ 49,546 Accrued Liabilities Included in Accrued liabilities in the Consolidated Balance Sheets are the following balances: June 29, December 30, (In thousands) 2024 2023 Liability for non-cancelable contracts $ 8,977 $ 11,418 Current portion of operating lease liabilities 7,249 5,571 Contract liabilities 5,951 5,304 Foreign, VAT, and other taxes payable 3,909 6,758 Other accrued liabilities 6,002 6,997 Total accrued liabilities $ 32,088 $ 36,048

Note 5 - Long-term Debt

Note 5 - Long-term Debt	6 Months Ended
	Jun. 29, 2024
Notes to Financial Statements
Long-Term Debt [Text Block]	5 On September 1, 2022, “2022 five The revolving loans under the 2022 may September 1, 2027. June 29, 2024 December 30, 2023 2022 third 2023. We pay a quarterly commitment fee of 0.20% on the unused portion of the revolving facility. Three Months Ended Six Months Ended June 29, July 1, June 29, July 1, (In thousands) 2024 2023 2024 2023 Contractual interest $ - $ 832 $ - $ 2,618 Amortization of original issuance discount and debt costs 67 67 133 133 Total interest expense related to long-term debt $ 67 $ 899 $ 133 $ 2,751

Note 6 - Restructuring

Note 6 - Restructuring	6 Months Ended
	Jun. 29, 2024
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	6 Under the Q3 2023 2023 10 second first six 2024. June 29, 2024. Q3 2023 2024. Other restructuring activity in the periods presented consisted of expense adjustments on previous plans. Costs and adjustments on restructuring plans are recorded to Restructuring on our Consolidated Statements of Operations. The restructuring accrual balance is presented in Accrued liabilities and in Other long-term liabilities on our Consolidated Balance Sheets. The following table displays the activity related to our restructuring plans: (In thousands) Severance & Related (1) Lease Termination & Fixed Assets Other (2) Total Accrued Restructuring at December 30, 2023 $ 1,490 $ 4,508 $ 620 $ 6,618 Restructuring 5,001 (98 ) (620 ) 4,283 Costs paid or otherwise settled (3,713 ) (652 ) — (4,365 ) Accrued Restructuring at June 29, 2024 $ 2,778 $ 3,758 $ — $ 6,536 Accrued Restructuring at December 31, 2022 $ 400 $ 5,892 $ 640 $ 6,932 Restructuring (135 ) 49 4 (82 ) Costs paid or otherwise settled (265 ) (721 ) (24 ) (1,010 ) Accrued Restructuring at July 1, 2023 $ — $ 5,220 $ 620 $ 5,840 ( 1 Includes employee relocation and outplacement costs ( 2 Includes termination fees on the cancellation of certain contracts

Note 7 - Leases

Note 7 - Leases	6 Months Ended
	Jun. 29, 2024
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	7 We have operating leases for corporate offices, sales offices, research and development facilities, storage facilities, and a data center. All of our facilities are leased under operating leases, which expire at various times through 2029, June 29, 2024 We recorded fixed operating lease expenses of $2.2 million and $1.9 million for the second 2024 2023, first six 2024 2023, The following table presents the lease balance classifications within the Consolidated Balance Sheets and summarizes their activity during the first six 2024 Operating lease right-of-use assets (In thousands) Balance as of December 30, 2023 $ 14,487 Right-of-use assets obtained for new lease contracts during the period 7,162 Amortization of right-of-use assets during the period (3,812 ) Impairment of right-of use asset during the period (recorded in Restructuring charges) (384 ) Adjustments for present value and foreign currency effects (127 ) Balance as of June 29, 2024 $ 17,326 Operating lease liabilities (In thousands) Balance as of December 30, 2023 $ 16,310 Lease liabilities incurred for new lease contracts during the period 7,162 Accretion of lease liabilities 526 Operating cash used for payments on lease liabilities (4,564 ) Adjustments for present value and foreign currency effects (210 ) Balance as of June 29, 2024 19,224 Less: Current portion of operating lease liabilities (included in Accrued liabilities) (7,249 ) Long-term operating lease liabilities, net of current portion $ 11,975 Maturities of operating lease liabilities as of June 29, 2024 Fiscal year (In thousands) 2024 (Remaining 2 quarters) $ 4,270 2025 6,744 2026 4,580 2027 2,804 2028 2,226 Thereafter 446 Total lease payments 21,070 Less: amount representing interest (1,846 ) Total lease liabilities $ 19,224 Lease obligations for facilities restructured prior to the adoption of Topic 842 $3.8 June 29, 2024

Note 8 - Intangible Assets

Note 8 - Intangible Assets	6 Months Ended
	Jun. 29, 2024
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	8 In connection with our past acquisitions, we have recorded identifiable intangible assets. On our Consolidated Balance Sheets at June 29, 2024 December 30, 2023 $ third We recorded amortization expense related to intangible assets on the Consolidated Statements of Operations as presented in the following table: Three Months Ended Six Months Ended June 29, July 1, June 29, July 1, (In thousands) 2024 2023 2024 2023 Research and development $ 247 $ 271 $ 513 $ 541 Amortization of acquired intangible assets 869 869 1,739 1,739 $ 1,116 $ 1,140 $ 2,252 $ 2,280

Note 9 - Stock-based Compensati

Note 9 - Stock-based Compensation	6 Months Ended
	Jun. 29, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	Note 9 tion Total stock-based compensation expense included in our Consolidated Statements of Operations is presented in the following table: Three Months Ended Six Months Ended June 29, July 1, June 29, July 1, (In thousands) 2024 2023 2024 2023 Cost of revenue $ 800 $ 1,414 $ 1,655 $ 2,367 Research and development 5,865 7,647 13,963 12,986 Selling, general, and administrative (3,446 ) 12,428 6,095 20,391 Total stock-based compensation $ 3,219 $ 21,489 $ 21,713 $ 35,744 Market-Based and Performance-Based Stock Compensation In the first 2024, three 3000 third may 75th 55th zero 25th 25th 75th In the second 2024, one fourth 2025 2028. 13 five In the first six 2024, first 2024 first 2021 75th first 2024, second 2021 2022 one fourth 2024, 13 second December 31, 2022. third December 30, 2023. For our awards with a market condition or a performance condition, we recorded benefits from forfeitures of approximately $15.1 million in the second 2024 second first six 2024, second first six 2023, The following table summarizes the activity for our awards with a market condition or performance condition: (Shares in thousands) Total Balance, December 30, 2023 852 Granted 772 Effect of vesting multiplier 284 Vested (541 ) Canceled (332 ) Balance, June 29, 2024 1,035

Note 10 - Common Stock Repurcha

Note 10 - Common Stock Repurchase Program	6 Months Ended
	Jun. 29, 2024
Notes to Financial Statements
Treasury Stock [Text Block]	Note 10 On November 30, 2023, "2024 2024 December 28, 2024. During the second 2024, 2024 first six 2024, 2024 second 2024. June 29, 2024 2024

Note 11 - Income Taxes

Note 11 - Income Taxes	6 Months Ended
	Jun. 29, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	11 We are subject to federal and state income tax as well as income tax in the foreign jurisdictions in which we operate. For the second 2024 2023 first six 2024 2023, three six June 29, 2024 July 1, 2023 three six June 29, 2024 three six July 1, 2023 The portion of our uncertain tax positions (including penalties and interest) recorded as a liability wa s $ million and $21.9 million a June 29, 2024 December 30, 2023 12

Note 12 - Contingencies

Note 12 - Contingencies	6 Months Ended
	Jun. 29, 2024
Notes to Financial Statements
Contingencies Disclosure [Text Block]	12 Legal Proceedings On or about December 19, 2018, 2008. January 2019, May 24, 2023, second January 18, 2024, January 30, 2024 February 15, 2024. February 13, 2024, 50 February 15, 2024, not March 15, 2024, March 18, 2024, October 7, 2024. From time to time, we are exposed to certain additional asserted and unasserted potential claims. We review the status of each significant matter and assess its potential financial exposure. If the potential loss from any claim or legal proceeding is considered probable and a range of possible losses can be estimated, we then accrue a liability for the estimated loss. Legal proceedings are subject to uncertainties, and the outcomes are difficult to predict. Because of such uncertainties, accruals are based only on the best information available at the time. As additional information becomes available, we reassess the potential liability related to pending claims and litigation and may

Insider Trading Arrangements

Insider Trading Arrangements	6 Months Ended
	Jun. 29, 2024 shares
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	5. Rule 10b5 1 On May 10, 2024 Esam Elashmawi Interim Chief Executive Officer and Chief Marketing and Strategy Officer adopted Rule 10b5 1 arrangement affirmative 10b5 1 47,000 may may May 9, 2025
Trading Arrangement, Securities Aggregate Available Amount	47,000
Trading Arrangement Adoption Date	May 10, 2024
Trading Arrangement, Individual Name	Esam Elashmawi
Trading Arrangement, Individual Title	Interim Chief Executive Officer and Chief Marketing and Strategy Officer
Rule 10b5-1 Arrangement Adopted [Flag]	true
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	true
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false
Trading Arrangement Termination Date	May 9, 2025

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 29, 2024
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation and Use of Estimates The accompanying Consolidated Financial Statements are unaudited and have been prepared in accordance with U.S. Generally Accepted Accounting Principles ("U.S. GAAP") and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission ("SEC"). In our opinion, they include all adjustments, consisting only of normal recurring adjustments, necessary for the fair presentation of results for the interim periods. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted as permitted by the SEC's rules and regulations for interim reporting. These Consolidated Financial Statements should be read in conjunction with our audited financial statements and notes thereto included in our Annual Report on Form 10 December 30, 2023 (" 2023 10 The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments affecting the amounts reported in our consolidated condensed financial statements and the accompanying notes. We base our estimates and judgments on historical experience, knowledge of current conditions, and our beliefs of what could occur in the future considering available information. While we believe that our estimates, assumptions, and judgments are reasonable, they are based on information available when made, and because of the uncertainty inherent in these matters, the actual results that we experience may We describe our accounting methods and practices in more detail in our 2023 10 no 2023 10 Certain prior year balances have been reclassified to conform to the current year’s presentation.
Fiscal Period, Policy [Policy Text Block]	Fiscal Reporting Periods We report based on a 52 53 December 31. 2024 52 December 28, 2024, 2023 52 December 30, 2023. second 2024 second 2023 June 29, 2024 July 1, 2023 13 26
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations of Risk Potential exposure to concentrations of risk may 91% and 89% second 2024 2023 first six 2024 2023 d for 44 %, 29%, and 12 % of net accounts receivable at June 29, 2024 and 36%, 29%, and 18% December 30, 2023

Note 2 - Net Income Per Share (

Note 2 - Net Income Per Share (Tables)	6 Months Ended
	Jun. 29, 2024
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Six Months Ended June 29, July 1, June 29, July 1, (In thousands, except per share data) 2024 2023 2024 2023 Net income $ 22,631 $ 50,644 $ 37,427 $ 106,567 Shares used in basic Net income per share 137,548 137,735 137,480 137,573 Dilutive effect of stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition 695 2,033 1,005 2,393 Shares used in diluted Net income per share 138,243 139,768 138,485 139,966 Basic Net income per share $ 0.16 $ 0.37 $ 0.27 $ 0.77 Diluted Net income per share $ 0.16 $ 0.36 $ 0.27 $ 0.76 Three Months Ended Six Months Ended June 29, July 1, June 29, July 1, (In thousands) 2024 2023 2024 2023 Stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition excluded as they are antidilutive 1,001 158 898 115

Note 3 - Revenue From Contrac_2

Note 3 - Revenue From Contracts With Customers (Tables)	6 Months Ended
	Jun. 29, 2024
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended Six Months Ended Revenue by Channel June 29, July 1, June 29, July 1, (In thousands) 2024 2023 2024 2023 Distributors $ 112,530 91 % $ 169,362 89 % $ 235,735 89 % $ 330,708 88 % Direct 11,546 9 % 20,717 11 % 29,156 11 % 43,681 12 % Total revenue $ 124,076 100 % $ 190,079 100 % $ 264,891 100 % $ 374,389 100 % Revenue by Geographical Market (In thousands) China $ 48,159 39 % $ 55,834 30 % $ 105,031 40 % $ 111,556 30 % Japan 23,161 19 % 38,728 20 % 48,149 18 % 68,745 18 % Other Asia 11,299 9 % 24,461 13 % 21,867 8 % 44,477 12 % Asia 82,619 67 % 119,023 63 % 175,047 66 % 224,778 60 % Americas 23,609 19 % 32,668 17 % 55,589 21 % 74,571 20 % Europe 17,848 14 % 38,388 20 % 34,255 13 % 75,040 20 % Total revenue $ 124,076 100 % $ 190,079 100 % $ 264,891 100 % $ 374,389 100 %
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	(In thousands) Contract assets as of December 30, 2023 $ 11,194 Revenues recorded during the period 7,646 Transferred to Accounts receivable or collected (4,663 ) Contract assets as of June 29, 2024 $ 14,177 (In thousands) Contract liabilities as of December 30, 2023 $ 5,304 Accruals for estimated future stock rotation and scrap returns 9,576 Less: Release of accruals for recognized stock rotation and scrap returns (8,929 ) Contract liabilities as of June 29, 2024 $ 5,951

Note 4 - Balance Sheet Compon_2

Note 4 - Balance Sheet Components (Tables)	6 Months Ended
	Jun. 29, 2024
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	June 29, December 30, (In thousands) 2024 2023 Accounts receivable $ 103,442 $ 104,373 Less: Allowance for credit losses — — Accounts receivable, net of allowance for credit losses $ 103,442 $ 104,373
Schedule of Inventory, Current [Table Text Block]	June 29, December 30, (In thousands) 2024 2023 Work in progress $ 69,659 $ 65,396 Finished goods 31,897 33,430 Total inventories, net $ 101,556 $ 98,826
Property, Plant and Equipment [Table Text Block]	June 29, December 30, (In thousands) 2024 2023 United States $ 31,833 $ 29,467 Taiwan 8,146 10,222 Philippines 5,153 4,602 China 2,758 2,778 Other 2,911 2,477 Total foreign property and equipment, net 18,968 20,079 Total property and equipment, net $ 50,801 $ 49,546
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	June 29, December 30, (In thousands) 2024 2023 Liability for non-cancelable contracts $ 8,977 $ 11,418 Current portion of operating lease liabilities 7,249 5,571 Contract liabilities 5,951 5,304 Foreign, VAT, and other taxes payable 3,909 6,758 Other accrued liabilities 6,002 6,997 Total accrued liabilities $ 32,088 $ 36,048

Note 5 - Long-term Debt (Tables

Note 5 - Long-term Debt (Tables)	6 Months Ended
	Jun. 29, 2024
Notes Tables
Interest Income and Interest Expense Disclosure [Table Text Block]	Three Months Ended Six Months Ended June 29, July 1, June 29, July 1, (In thousands) 2024 2023 2024 2023 Contractual interest $ - $ 832 $ - $ 2,618 Amortization of original issuance discount and debt costs 67 67 133 133 Total interest expense related to long-term debt $ 67 $ 899 $ 133 $ 2,751

Note 6 - Restructuring (Tables)

Note 6 - Restructuring (Tables)	6 Months Ended
	Jun. 29, 2024
Notes Tables
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]	(In thousands) Severance & Related (1) Lease Termination & Fixed Assets Other (2) Total Accrued Restructuring at December 30, 2023 $ 1,490 $ 4,508 $ 620 $ 6,618 Restructuring 5,001 (98 ) (620 ) 4,283 Costs paid or otherwise settled (3,713 ) (652 ) — (4,365 ) Accrued Restructuring at June 29, 2024 $ 2,778 $ 3,758 $ — $ 6,536 Accrued Restructuring at December 31, 2022 $ 400 $ 5,892 $ 640 $ 6,932 Restructuring (135 ) 49 4 (82 ) Costs paid or otherwise settled (265 ) (721 ) (24 ) (1,010 ) Accrued Restructuring at July 1, 2023 $ — $ 5,220 $ 620 $ 5,840

Note 7 - Leases (Tables)

Note 7 - Leases (Tables)	6 Months Ended
	Jun. 29, 2024
Notes Tables
Lessee, Operating Lease Right-of-Use Assets and Liabilities [Table Text Block]	Operating lease right-of-use assets (In thousands) Balance as of December 30, 2023 $ 14,487 Right-of-use assets obtained for new lease contracts during the period 7,162 Amortization of right-of-use assets during the period (3,812 ) Impairment of right-of use asset during the period (recorded in Restructuring charges) (384 ) Adjustments for present value and foreign currency effects (127 ) Balance as of June 29, 2024 $ 17,326 Operating lease liabilities (In thousands) Balance as of December 30, 2023 $ 16,310 Lease liabilities incurred for new lease contracts during the period 7,162 Accretion of lease liabilities 526 Operating cash used for payments on lease liabilities (4,564 ) Adjustments for present value and foreign currency effects (210 ) Balance as of June 29, 2024 19,224 Less: Current portion of operating lease liabilities (included in Accrued liabilities) (7,249 ) Long-term operating lease liabilities, net of current portion $ 11,975
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	Fiscal year (In thousands) 2024 (Remaining 2 quarters) $ 4,270 2025 6,744 2026 4,580 2027 2,804 2028 2,226 Thereafter 446 Total lease payments 21,070 Less: amount representing interest (1,846 ) Total lease liabilities $ 19,224

Note 8 - Intangible Assets (Tab

Note 8 - Intangible Assets (Tables)	6 Months Ended
	Jun. 29, 2024
Notes Tables
Finite-Lived Intangible Assets Amortization Expense [Table Text Block]	Three Months Ended Six Months Ended June 29, July 1, June 29, July 1, (In thousands) 2024 2023 2024 2023 Research and development $ 247 $ 271 $ 513 $ 541 Amortization of acquired intangible assets 869 869 1,739 1,739 $ 1,116 $ 1,140 $ 2,252 $ 2,280

Note 9 - Stock-based Compensa_2

Note 9 - Stock-based Compensation (Tables)	6 Months Ended
	Jun. 29, 2024
Notes Tables
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Three Months Ended Six Months Ended June 29, July 1, June 29, July 1, (In thousands) 2024 2023 2024 2023 Cost of revenue $ 800 $ 1,414 $ 1,655 $ 2,367 Research and development 5,865 7,647 13,963 12,986 Selling, general, and administrative (3,446 ) 12,428 6,095 20,391 Total stock-based compensation $ 3,219 $ 21,489 $ 21,713 $ 35,744
Share-Based Payment Arrangement, Performance Shares, Outstanding Activity [Table Text Block]	(Shares in thousands) Total Balance, December 30, 2023 852 Granted 772 Effect of vesting multiplier 284 Vested (541 ) Canceled (332 ) Balance, June 29, 2024 1,035

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual) - Sell-through Distributors Concentration Risk [Member]	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023	Dec. 30, 2023
Revenue Benchmark [Member] | Distributors [Member]
Concentration Risk, Percentage	91%	89%	89%	88%
Accounts Receivable [Member]
Number of Distributors			3
Accounts Receivable [Member] | Large Distributor One [Member]
Concentration Risk, Percentage			44%		36%
Accounts Receivable [Member] | Large Distributor Two [Member]
Concentration Risk, Percentage			29%		29%
Accounts Receivable [Member] | Third Largest Distributor [Member]
Concentration Risk, Percentage			12%		18%

Note 2 - Net Income Per Share -

Note 2 - Net Income Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Net income	$ 22,631	$ 50,644	$ 37,427	$ 106,567
Shares used in basic Net income per share (in shares)	137,548	137,735	137,480	137,573
Dilutive effect of stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition (in shares)	695	2,033	1,005	2,393
Shares used in diluted Net income per share (in shares)	138,243	139,768	138,485	139,966
Basic (in dollars per share)	$ 0.16	$ 0.37	$ 0.27	$ 0.77
Diluted (in dollars per share)	$ 0.16	$ 0.36	$ 0.27	$ 0.76
Stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition excluded as they are antidilutive (in shares)	1,001	158	898	115

Note 3 - Revenue From Contrac_3

Note 3 - Revenue From Contracts with Customers - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Revenue	$ 124,076	$ 190,079	$ 264,891	$ 374,389
Percentage of revenue	100%	100%	100%	100%
CHINA
Revenue	$ 48,159	$ 55,834	$ 105,031	$ 111,556
Percentage of revenue	39%	30%	40%	30%
JAPAN
Revenue	$ 23,161	$ 38,728	$ 48,149	$ 68,745
Percentage of revenue	19%	20%	18%	18%
Other Asia [Member]
Revenue	$ 11,299	$ 24,461	$ 21,867	$ 44,477
Percentage of revenue	9%	13%	8%	12%
Asia [Member]
Revenue	$ 82,619	$ 119,023	$ 175,047	$ 224,778
Percentage of revenue	67%	63%	66%	60%
Americas [Member]
Revenue	$ 23,609	$ 32,668	$ 55,589	$ 74,571
Percentage of revenue	19%	17%	21%	20%
Europe [Member]
Revenue	$ 17,848	$ 38,388	$ 34,255	$ 75,040
Percentage of revenue	14%	20%	13%	20%
Sales Channel, Through Intermediary [Member] | Product [Member]
Revenue	$ 112,530	$ 169,362	$ 235,735	$ 330,708
Percentage of revenue	91%	89%	89%	88%
Sales Channel, Directly to Consumer [Member] | Product [Member]
Revenue	$ 11,546	$ 20,717	$ 29,156	$ 43,681
Percentage of revenue	9%	11%	11%	12%

Note 3 - Revenue From Contrac_4

Note 3 - Revenue From Contracts With Customers - Contract Balance (Details) $ in Thousands	6 Months Ended
	Jun. 29, 2024 USD ($)
Contract assets, balance	$ 11,194
Revenues recorded during the period	7,646
Transferred to Accounts receivable or collected	(4,663)
Contract assets, balance	14,177
Contract liabilities, balance	5,304
Accruals for estimated future stock rotation and scrap returns	9,576
Less: Release of accruals for recognized stock rotation and scrap returns	(8,929)
Contract liabilities, balance	$ 5,951

Note 4 - Balance Sheet Compon_3

Note 4 - Balance Sheet Components - Accounts Receivable (Details) - USD ($) $ in Thousands	Jun. 29, 2024	Dec. 30, 2023
Accounts receivable	$ 103,442	$ 104,373
Less: Allowance for credit losses	0	0
Accounts receivable, net of allowance for credit losses	$ 103,442	$ 104,373

Note 4 - Balance Sheet Compon_4

Note 4 - Balance Sheet Components - Inventories (Details) - USD ($) $ in Thousands	Jun. 29, 2024	Dec. 30, 2023
Work in progress	$ 69,659	$ 65,396
Finished goods	31,897	33,430
Total inventories, net	$ 101,556	$ 98,826

Note 4 - Property and Equipment

Note 4 - Property and Equipment - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jun. 29, 2024	Dec. 30, 2023
Property, Plant and Equipment, Net	$ 50,801	$ 49,546
UNITED STATES
Property, Plant and Equipment, Net	31,833	29,467
TAIWAN
Property, Plant and Equipment, Net	8,146	10,222
PHILIPPINES
Property, Plant and Equipment, Net	5,153	4,602
CHINA
Property, Plant and Equipment, Net	2,758	2,778
Other [Member]
Property, Plant and Equipment, Net	2,911	2,477
Foreign Countries [Member]
Property, Plant and Equipment, Net	$ 18,968	$ 20,079

Note 4 - Balance Sheet Compon_5

Note 4 - Balance Sheet Components - Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 29, 2024	Dec. 30, 2023
Liabilities, Current [Abstract]
Accrued Liabilities, Current	$ 32,088	$ 36,048
Liability for non-cancelable contracts	8,977	11,418
Current portion of operating lease liabilities	$ 7,249	$ 5,571
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]
Contract liabilities	$ 5,951	$ 5,304
Foreign, VAT, and other taxes payable	3,909	6,758
Other accrued liabilities	6,002	6,997
Total accrued liabilities	$ 32,088	$ 36,048

Note 5 - Long-term Debt (Detail

Note 5 - Long-term Debt (Details Textual) - The 2022 Credit Agreement [Member[ - Revolving Credit Facility [Member] - USD ($) $ in Thousands		6 Months Ended
	Sep. 01, 2022	Jun. 29, 2024	Dec. 30, 2023
Debt Instrument, Term (Year)	5 years
Line of Credit Facility, Maximum Borrowing Capacity	$ 350,000
Long-Term Debt, Gross		$ 0	$ 0
Line of Credit Facility, Commitment Fee Percentage		0.20%

Note 5 - Long-term Debt - Inter

Note 5 - Long-term Debt - Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Contractual interest	$ 0	$ 832	$ 0	$ 2,618
Amortization of original issuance discount and debt costs	67	67	133	133
Total interest expense related to long-term debt	$ 67	$ 899	$ 133	$ 2,751

Note 6 - Restructuring (Details

Note 6 - Restructuring (Details Textual) - Q3 2023 Plan [Member] $ in Millions	3 Months Ended	6 Months Ended
	Jun. 29, 2024 USD ($)	Jun. 29, 2024 USD ($)
Restructuring and Related Cost, Incurred Cost	$ 2.7	$ 5
Restructuring and Related Cost, Cost Incurred to Date	$ 7	$ 7

Note 6 - Restructuring - Activi

Note 6 - Restructuring - Activity Related to Restructuring Plans (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Restructuring		$ 2,579	$ (112)	$ 4,283	$ (82)
Employee Severance [Member]
Accrued Restructuring	[1]			1,490	400
Restructuring	[1]			5,001	(135)
Costs paid or otherwise settled	[1]			(3,713)	(265)
Accrued Restructuring	[1]	2,778	0	2,778	0
Lease Termination and Fixed Assets [Member]
Accrued Restructuring				4,508	5,892
Restructuring				(98)	49
Costs paid or otherwise settled				(652)	(721)
Accrued Restructuring		3,758	5,220	3,758	5,220
Software Contracts and Engineering Tools [Member]
Accrued Restructuring	[2]			620	640
Restructuring	[2]			(620)	4
Costs paid or otherwise settled	[2]			0	(24)
Accrued Restructuring	[2]	0	620	0	620
Other Restructuring [Member]
Accrued Restructuring				6,618	6,932
Restructuring				4,283	(82)
Costs paid or otherwise settled				(4,365)	(1,010)
Accrued Restructuring		$ 6,536	$ 5,840	$ 6,536	$ 5,840
[1]Includes employee relocation and outplacement costs[2]Includes termination fees on the cancellation of certain contracts

Note 7 - Leases (Details Textua

Note 7 - Leases (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Operating Lease, Weighted Average Remaining Lease Term (Year)	3 years 2 months 12 days		3 years 2 months 12 days
Operating Lease, Weighted Average Discount Rate, Percent	6%		6%
Operating Lease, Cost	$ 2.2	$ 1.9	$ 4.3	$ 3.8
Operating Lease Liability for Previously Restructured Facilities	$ 3.8		$ 3.8

Note 7 - Leases - Lease Balance

Note 7 - Leases - Lease Balance Classifications Within the Consolidated Balance Sheets and Lease Activity (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Dec. 30, 2023
Balance	$ 14,487
Right-of-use assets obtained for new lease contracts during the period	7,162
Amortization of right-of-use assets during the period	(3,812)	$ (3,317)
Impairment of right-of use asset during the period (recorded in Restructuring charges)	(384)
Adjustments for present value and foreign currency effects	(127)
Balance	17,326
Balance	16,310
Lease liabilities incurred for new lease contracts during the period	7,162
Accretion of lease liabilities	526
Operating cash used for payments on lease liabilities	(4,564)	$ (4,082)
Adjustments for present value and foreign currency effects	(210)
Balance	19,224
Less: Current portion of operating lease liabilities (included in Accrued liabilities)	(7,249)		$ (5,571)
Long-term operating lease liabilities, net of current portion	$ 11,975		$ 10,739

Note 7 - Leases - Lease Balan_2

Note 7 - Leases - Lease Balance Classifications Within the Consolidated Balance Sheets and Lease Activity (Details) (Parentheticals) - USD ($) $ in Thousands	Jun. 29, 2024	Dec. 30, 2023
Liabilities, Current [Abstract]
Accrued Liabilities, Current	$ 32,088	$ 36,048
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]

Note 7 - Leases - Maturities of

Note 7 - Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 29, 2024	Dec. 30, 2023
2024 (Remaining 2 quarters)	$ 4,270
2025	6,744
2026	4,580
2027	2,804
2028	2,226
Thereafter	446
Total lease payments	21,070
Less: amount representing interest	(1,846)
Total lease liabilities	$ 19,224	$ 16,310

Note 8 - Intangible Assets (Det

Note 8 - Intangible Assets (Details Textual) - USD ($) $ in Millions	Jun. 29, 2024	Dec. 30, 2023
Finite-Lived Intangible Assets, Accumulated Amortization	$ 147.1	$ 144.9

Note 8 - Intangible Assets - Am

Note 8 - Intangible Assets - Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Amortization of intangible assets	$ 1,116	$ 1,140	$ 2,252	$ 2,280
Research and Development Expense [Member]
Amortization of intangible assets	247	271	513	541
Amortization of Acquired Intangible Assets [Member]
Amortization of intangible assets	$ 869	$ 869	$ 1,739	$ 1,739

Note 9 - Stock-based Compensa_3

Note 9 - Stock-based Compensation (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Share-Based Payment Arrangement, Expense	$ 3,219	$ 21,489	$ 21,713	$ 35,744
Restricted Stock Units (RSUs) [Member] | Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved			75%
Restricted Stock Units (RSUs) [Member] | Executive Officer [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved			75%
Restricted Stock Units (RSUs) [Member] | Executive Officer [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions			100%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved			55%
Restricted Stock Units (RSUs) [Member] | Executive Officer [Member] | Share-Based Payment Arrangement, Tranche Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved			25%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage			0%
Restricted Stock Units (RSUs) [Member] | Minimum [Member] | Executive Officer [Member] | TSR Relative To PHLX Semiconductor Sector Index, 75th Percentile [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions			250%
Restricted Stock Units (RSUs) [Member] | Minimum [Member] | Executive Officer [Member] | Share-Based Payment Arrangement, Tranche Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved			25%
Restricted Stock Units (RSUs) [Member] | Maximum [Member] | Executive Officer [Member] | TSR Relative To PHLX Semiconductor Sector Index, 75th Percentile [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions			200%
Restricted Stock Units (RSUs) [Member] | Maximum [Member] | Executive Officer [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions	250%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved			250%
Restricted Stock Units (RSUs) [Member] | Maximum [Member] | Executive Officer [Member] | Share-Based Payment Arrangement, Tranche Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved			75%
Performance Shares Granted in 2018 [Member] | Executive Officer [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved			200%
Performance Shares Granted in 2018 [Member] | Executive Officer [Member] | Share-Based Payment Arrangement, Tranche Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved			116.30%
Performance Shares Granted in 2018 [Member] | Minimum [Member] | Executive Officer [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions			200%
Awards with Market Condition or Performance Condition [Member]
Share-Based Payment Arrangement, Benefit From Forfeitures	$ 15,100
Share-Based Payment Arrangement, Expense	$ 6,100	$ 11,000	$ 12,000	$ 15,900

Note 9 - Stock-based Compensa_4

Note 9 - Stock-based Compensation - Stock-based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Share-Based Payment Arrangement, Expense	$ 3,219	$ 21,489	$ 21,713	$ 35,744
Cost of Sales [Member]
Share-Based Payment Arrangement, Expense	800	1,414	1,655	2,367
Research and Development Expense [Member]
Share-Based Payment Arrangement, Expense	5,865	7,647	13,963	12,986
Selling, General and Administrative Expenses [Member]
Share-Based Payment Arrangement, Expense	$ (3,446)	$ 12,428	$ 6,095	$ 20,391

Note 9 - Stock-based Compensa_5

Note 9 - Stock-based Compensation - Share Based Compensation Performance Shares Award Outstanding (Details) - Performance Shares [Member] shares in Thousands	6 Months Ended
	Jun. 29, 2024 shares
Balance, Shares (in shares)	852
Granted, Shares (in shares)	772
Effect of vesting multiplier, Shares (in shares)	284
Vested, Shares (in shares)	(541)
Canceled (in shares)	(332)
Balance, Shares (in shares)	1,035

Note 10 - Common Stock Repurc_2

Note 10 - Common Stock Repurchase Program (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023	Nov. 30, 2023
Stock Repurchased and Retired During Period, Value	$ 9,807	$ 10,002	$ 29,807	$ 20,006
Repurchase Program 2024 [Member]
Share Repurchase Program, Authorized, Amount					$ 250,000
Stock Repurchased and Retired During Period, Shares (in shares)	143,402		408,282
Stock Repurchased and Retired During Period, Value	$ 10,000		$ 30,000
Shares Acquired, Average Cost Per Share (in dollars per share)	$ 69.73		$ 73.48
Share Repurchase Program, Remaining Authorized, Amount	$ 220,000		$ 220,000

Note 11 - Income Taxes (Details

Note 11 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023	Dec. 30, 2023
Income Tax Expense (Benefit)	$ 1,121	$ 2,439	$ 4,160	$ 5,000
Decrease in Unrecognized Tax Benefits is Reasonably Possible	36,000		36,000
Other Noncurrent Liabilities [Member]
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 22,300		$ 22,300		$ 21,900
Domestic Tax Jurisdiction [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%		21%

Note 12 - Contingencies (Detail

Note 12 - Contingencies (Details Textual) $ in Millions	May 24, 2024 USD ($)
Action in Oregon in Connection with Sale of Certain Products [Member]
Loss Contingency, Damages Sought, Value	$ 180