Equity (Tables)

6 Months Ended

Jun. 27, 2020

Equity [Abstract]

Schedule of Stock Repurchases

The following table summarizes Intevac’s stock repurchases:

	Three Months Ended				Six Months Ended
	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
	(In thousands, except per share amounts)
Shares of common stock repurchased		—		9		98		9
Cost of stock repurchased	$	—	$	42	$	393	$	42
Average price paid per share	$	—	$	4.69	$	3.97	$	4.69

Schedule of Changes in Stockholders' Equity

The changes in stockholders’ equity by component for the three and six months ended June 27, 2020 and June 29, 2019, are as follows (in thousands):

	Three months ended June 27, 2020
	Common Stock and Additional Paid-in Capital			Treasury Stock			Accumulated Other Comprehensive Income		Accumulated Deficit			Total Stockholders’ Equity
Balance at March 28, 2020	$	189,899		$	(29,551	)	$	331	$	(65,010	)	$	95,669
Common stock issued under employee plans		44			—			—		—			44
Shares withheld for net share settlement of RSUs		(309	)		—			—		—			(309	)
Equity-based compensation expense		656			—			—		—			656
Net income		—			—			—		1,524			1,524
Other comprehensive income		—			—			71		—			71
Balance at June 27, 2020	$	190,290		$	(29,551	)	$	402	$	(63,486	)	$	97,655

	Six months ended June 27, 2020
	Common Stock and Additional Paid-in Capital			Treasury Stock			Accumulated Other Comprehensive Income			Accumulated Deficit			Total Stockholders’ Equity
Balance at December 28, 2019	$	188,313		$	(29,158	)	$	424		$	(63,786	)	$	95,793
Common stock issued under employee plans		994			—			—			—			994
Shares withheld for net share settlement of RSUs		(345	)		—			—			—			(345	)
Equity-based compensation expense		1,328			—			—			—			1,328
Net income		—			—			—			300			300
Other comprehensive loss		—			—			(22	)		—			(22	)
Common stock repurchases		—			(393	)		—			—			(393	)
Balance at June 27, 2020	$	190,290		$	(29,551	)	$	402		$	(63,486	)	$	97,655

	Three months ended June 29, 2019
	Common Stock and Additional Paid-in Capital			Treasury Stock			Accumulated Other Comprehensive Income			Accumulated Deficit			Total Stockholders’ Equity
Balance at March 30, 2019	$	184,976		$	(29,047	)	$	484		$	(67,326	)	$	89,087
Shares withheld for net share settlement of RSUs		(240	)		—			—			—			(240	)
Equity-based compensation expense		753			—			—			—			753
Net loss		—			—			—			(1,182	)		(1,182	)
Other comprehensive loss		—			—			(29	)		—			(29	)
Common stock repurchases		—			(42	)		—			—			(42	)
Balance at June 29, 2019	$	185,489		$	(29,089	)	$	455		$	(68,508	)	$	88,347

	Six months ended June 29, 2019
	Common Stock and Additional Paid-in Capital			Treasury Stock			Accumulated Other Comprehensive Income		Accumulated Deficit			Total Stockholders’ Equity
Balance at December 29, 2018	$	183,227		$	(29,047	)	$	378	$	(64,934	)	$	89,624
Common stock issued under employee plans		1,021			—			—		—			1,021
Shares withheld for net share settlement of RSUs		(268	)		—			—		—			(268	)
Equity-based compensation expense		1,509			—			—		—			1,509
Net loss		—			—			—		(3,574	)		(3,574	)
Other comprehensive income		—			—			77		—			77
Common stock repurchases		—			(42	)		—		—			(42	)
Balance at June 29, 2019	$	185,489		$	(29,089	)	$	455	$	(68,508	)	$	88,347

Changes in Accumulated Other Comprehensive Income by Component

The changes in accumulated other comprehensive income by component for the three and six months ended June 27, 2020 and June 29, 2019, are as follows.

	Three Months Ended						Six Months Ended
	June 27, 2020
	Foreign currency		Unrealized holding gains on available-for-sale investments		Total		Foreign currency			Unrealized holding gains on available-for-sale investments		Total
	(In thousands)
Beginning balance	$	286	$	45	$	331	$	381		$	43	$	424
Other comprehensive income (loss) before reclassification		20		51		71		(75	)		53		(22	)
Amounts reclassified from other comprehensive income		—		—		—		—			—		—
Net current-period other comprehensive income (loss)		20		51		71		(75	)		53		(22	)
Ending balance	$	306	$	96	$	402	$	306		$	96	$	402

	Three Months Ended								Six Months Ended
	June 29, 2019
	Foreign currency			Unrealized holding gains on available-for-sale investments		Total			Foreign currency		Unrealized holding gains (losses) on available-for-sale investments			Total
	(In thousands)
Beginning balance	$	466		$	18	$	484		$	405	$	(27	)	$	378
Other comprehensive income (loss) before reclassification		(61	)		32		(29	)		—		77			77
Amounts reclassified from other comprehensive income		—			—		—			—		—			—
Net current-period other comprehensive income (loss)		(61	)		32		(29	)		—		77			77
Ending balance	$	405		$	50	$	455		$	405	$	50		$	455