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Balance Sheet Information (Tables)
 3 Months Ended
Mar. 31, 2024
Balance Sheet Information [Abstract]  
Schedule of Allowance for Credit Loss on Accounts Receivable
Three-Month Period Ended
Allowance for credit losses - Accounts receivable
March 31, 2024April 2, 2023
Balance at beginning of period$180 $1,638 
Add
Adoption of Credit Loss Standard (Topic 326)— 168 
Provision for credit losses(84)2,102 
Deduct
Accounts written-off— — 
Less recoveries of accounts charged-off— — 
Net account charge-offs (recoveries)— — 
Balance at end of period$96 $3,908 
Schedule of Contract Assets, Allowance for Credit Loss
Three-Month Period Ended
Allowance for credit losses - Contract assets
March 31, 2024April 2, 2023
Balance at beginning of period$99 $— 
Add
Adoption of Credit Loss Standard (Topic 326)— 207 
Provision for credit losses(37)52 
Deduct
Accounts written-off— — 
Less recoveries of accounts charged-off— — 
Net account charge-offs (recoveries)— — 
Balance at end of period$62 $259 
Schedule of Inventory
Inventory
March 31, 2024December 31, 2023
Raw materials$5,113 $4,775 
Work-in-process12 19 
Supplies and spare parts10,433 10,547 
Total inventories, current
15,558 15,341 
Inventory, non-current (1)
3,586 3,293 
Total inventory
$19,144 $18,634 
__________________
(1)Inventory, non-current consists of spare parts that will not be used within twelve months following the date of the interim condensed consolidated balance sheets.
Schedule of Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets
March 31, 2024December 31, 2023
Prepaid expenses$4,534 $2,663 
Equipment purchased for customers (1)
18,437 12,737 
Deferred contract costs1,557 1,453 
Total prepaid assets and other current assets$24,528 $16,853 
__________________
(1)The Company acquires equipment for its customers that will be installed and calibrated in SkyWater’s facility. Prior to the customer obtaining ownership and control of the equipment, the Company records costs, including equipment acquisition costs, incurred to date within prepaid expenses and other current assets. These deferred costs will be recognized as a cost of revenue when control of the equipment transfers to the customer.
Schedule of Property and Equipment, Net
Property and equipment, net
March 31, 2024December 31, 2023
Land$5,396 $5,396 
Buildings and improvements88,979 88,782 
Machinery and equipment192,629 193,977 
Property and equipment placed in service, at cost (1)
287,004 288,155 
Less: accumulated depreciation (1)
(141,095)(137,767)
Property and equipment placed in service, net (1)
145,909 150,388 
Property and equipment not yet in service
11,372 8,979 
Total property and equipment, net
$157,281 $159,367 
__________________
(1)Includes $13,332 and $13,332 of cost and $4,137 and $3,976 of accumulated depreciation associated with capital assets subject to financing leases at March 31, 2024 and December 31, 2023, respectively.
Schedule of Intangible Assets Intangible assets are summarized as follows:
Intangible assets, net
March 31, 2024December 31, 2023
Software and licensed technology$12,546 $12,148 
Less: accumulated amortization
(6,851)(6,476)
Intangible assets placed in service, net
5,695 5,672 
Intangible assets not yet in service
625 — 
Total intangible assets, net$6,320 $5,672 
Schedule of Remaining Estimated Aggregate Annual Amortization Expense
Remaining estimated aggregate annual amortization expense for intangible assets placed in service is as follows for future fiscal years:
Amortization
Expense
Remainder of 2024$903 
20251,059 
2026777 
2027396 
2028396 
Thereafter2,164 
Total$5,695 
Schedule of Other Assets
Other assets
March 31, 2024December 31, 2023
Inventory, non-current (1)
$3,586 $3,293 
Operating lease right-of-use assets85 96 
Other assets2,022 1,953 
Total other assets$5,693 $5,342 
__________________
(1)Inventory, non-current consists of spare parts that will not be used within twelve months following the date of the interim condensed consolidated balance sheets.
Schedule of Accrued Expenses
Accrued expenses
March 31, 2024December 31, 2023
Accrued compensation$7,214 $10,947 
Accrued commissions381 488 
Accrued royalties3,672 3,122 
Current portion of operating lease liabilities49 48 
Current portion of finance lease liabilities637 645 
Accrued inventory223 1,261 
Accrued consulting fees— 9,345 
Accrued restructuring costs (1)
— 1,319 
Other accrued expenses18,336 21,116 
Total accrued expenses$30,512 $48,291 
__________________
(1)The Company incurred restructuring costs of $1,921 during the fiscal year ended December 31, 2023. The Company paid $602 during the fiscal year ended December 31, 2023, and the remainder was paid in the three-month period ended March 31, 2024.
Schedule of Other Noncurrent Liabilities
Other long-term liabilities
March 31, 2024December 31, 2023
Finance lease obligations$9,165 $9,275 
Operating lease liability 39 52 
Total other long-term liabilities$9,204 $9,327