COMMITMENTS AND CONTINGENCIES (Tables)
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12 Months Ended |
Dec. 31, 2023 |
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| Commitments and Contingencies Disclosure [Abstract] |
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| Schedule of Lessee Quantitative Information |
The table below presents the summarized quantitative information with regard to lease contracts we have entered into: | | | | | | | | | | | | | Fiscal Year Ended | | (In thousands) | December 31, 2023 | | January 1, 2023 | | Operating lease expense | $ | 5,236 | | | $ | 4,173 | | | Cash paid for amounts included in the measurement of lease liabilities | | | | | Cash paid for operating leases | 5,941 | | | 3,537 | | Right-of-use assets obtained in exchange for lease obligations | 10,929 | | | 5,639 | | | Weighted-average remaining lease term (in years) – operating leases | 3.9 | | 4.6 | | Weighted-average discount rate – operating leases | 6.5 | % | | 6.4 | % |
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| Schedule of Lessee, Operating Lease, Liability, Maturity |
The following table presents our minimum future rental payments on leases placed in service as of December 31, 2023: | | | | | | | | | | | | | (In thousands) | Operating Leases | | Finance Lease | | 2024 | $ | 7,143 | | | $ | 504 | | | 2025 | 7,046 | | | 519 | | | 2026 | 6,625 | | | 535 | | | 2027 | 4,795 | | | 229 | | | 2028 | 3,519 | | | — | | | Thereafter | — | | | — | | | Total lease payments | 29,128 | | | 1,787 | | | Less: imputed interest | (3,712) | | | (160) | | | Total | $ | 25,416 | | | $ | 1,627 | |
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| Schedule of Minimum Future Rental Receivables |
The following table presents our minimum future rental receivables on the operating leases as of December 31, 2023: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Payments Due by Fiscal Year | | (In thousands) | Total | | 2024 | | 2025 | | Thereafter | | | | | | | Minimum future rental receivable | $ | 2,585 | | | $ | 2,408 | | | $ | 177 | | | $ | — | | | | | | | |
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| Schedule of Purchase Obligations |
Future purchase obligations under non-cancellable purchase orders and long-term supply and service agreements as of December 31, 2023 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | Fiscal Year 2024 | | Fiscal Year 2025 | | Fiscal Year 2026 and thereafter | | Total(1) | | Future purchase obligations | $ | 266,619 | | | $ | 481 | | | $ | 922 | | | $ | 268,022 | |
(1)Total future purchase obligations comprised of $150.6 million related to non-cancellable purchase orders and $117.4 million related to long-term supply and service agreements.
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| Schedule of Product Warranty |
The following table summarizes the product warranty activities for fiscal years 2023 and 2022: | | | | | | | | | | | | | Fiscal Year | | (In thousands) | 2023 | | 2022 | Balance at the beginning of the period | $ | 28,347 | | | $ | 30,616 | | Accruals for warranties issued during the period | 6,437 | | | 6,366 | | Settlements and adjustments during the period | (13,794) | | | (8,635) | | Balance at the end of the period | $ | 20,990 | | | $ | 28,347 | |
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| Schedule of Finance Lease, Liability, Fiscal Year Maturity |
The following table presents our minimum future rental payments on leases placed in service as of December 31, 2023: | | | | | | | | | | | | | (In thousands) | Operating Leases | | Finance Lease | | 2024 | $ | 7,143 | | | $ | 504 | | | 2025 | 7,046 | | | 519 | | | 2026 | 6,625 | | | 535 | | | 2027 | 4,795 | | | 229 | | | 2028 | 3,519 | | | — | | | Thereafter | — | | | — | | | Total lease payments | 29,128 | | | 1,787 | | | Less: imputed interest | (3,712) | | | (160) | | | Total | $ | 25,416 | | | $ | 1,627 | |
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