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Note 6 - Employee Benefit Plans (Tables)
12 Months Ended
Dec. 30, 2023
Notes Tables  
Schedule of Net Benefit Costs [Table Text Block]

(in thousands)

 

2023

  

2022

  

2021

 

Service cost

 $551  $954  $1,223 

Interest cost

  510   56   61 

Expected return on assets

  (331)  (128)  (128)

Settlements

  (177)  (487)  72 

Net periodic costs

 $553  $395  $1,228 
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block]

(in thousands)

 

2023

  

2022

 

Change in projected benefit obligation:

        

Benefit obligation at beginning of year

 $(21,628) $(28,765)

Service cost

  (551)  (954)

Interest cost

  (510)  (56)

Actuarial gain (loss)

  (1,391)  6,043 

Participant contributions

  (1,153)  (1,459)

Benefits paid

  385   378 

Plan change

  -   397 

Settlements

  2,177   2,426 

Foreign currency exchange adjustment

  (2,213)  362 

Benefit obligation at end of year

  (24,884)  (21,628)

Change in plan assets:

        

Fair value of plan assets at beginning of year

  18,411   18,919 

Return on assets, net of actuarial loss

  52   119 

Employer contributions

  860   831 

Participant contributions

  1,153   1,459 

Benefits paid

  (385)  (378)

Settlements

  (2,177)  (2,426)

Foreign currency exchange adjustment

  1,786   (113)

Fair value of plan assets at end of year

  19,700   18,411 

Net liability at end of year

 $(5,184) $(3,217)
Defined Benefit Plan, Assumptions [Table Text Block]
  

2023

  

2022

 

Discount rate

  1.5%  2.3%

Compensation increase

  2.0%  3.0%
  

2023

  

2022

  

2021

 

Discount rate

  1.5%  2.3%  0.2%

Rate of return on assets

  1.5%  1.8%  0.7%

Compensation increase

  2.0%  3.0%  1.1%
Schedule of Net Funded Status [Table Text Block]

(in thousands)

 

2023

  

2022

 

Accumulated benefit obligation at beginning of year

 $(1,657) $(2,097)

Interest cost

  (78)  (51)

Actuarial (gain) loss

  (6)  382 

Benefits paid

  90   109 

Accumulated benefit obligation at end of year

  (1,651)  (1,657)

Plan assets at end of year

  -   - 

Funded status

 $(1,651) $(1,657)
Share-Based Payment Arrangement, Option, Activity [Table Text Block]
  

2022

  

2021

 
      

Wt. Avg.

      

Wt. Avg.

 

(in thousands, except per share data)

 

Shares

  

Ex. Price

  

Shares

  

Ex. Price

 

Outstanding and exercisable, beginning of year

  12  $9.44   262  $10.01 

Exercised

  (12) $9.44   (250) $10.03 

Outstanding and exercisable, end of year

  -  $-   12  $9.44 
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]
  

2023

  

2022

  

2021

 
      

Wt. Avg.

      

Wt. Avg.

      

Wt. Avg.

 

(in thousands, except per share data)

 

Units

  

Fair Value

  

Units

  

Fair Value

  

Units

  

Fair Value

 

Outstanding, beginning of year

  969  $24.55   1,058  $21.16   1,414  $15.16 

Granted

  365  $36.66   431  $27.74   270  $41.66 

Released

  (428) $22.33   (474) $19.94   (579) $16.23 

Cancelled

  (22) $28.62   (46) $24.33   (47) $18.96 

Outstanding, end of year

  884  $30.52   969  $24.55   1,058  $21.16 
Schedule of Nonvested Performance-Based Units Activity [Table Text Block]
  

2023

  

2022

  

2021

 
      

Wt. Avg.

      

Wt. Avg.

      

Wt. Avg.

 

(in thousands, except per share data)

 

Units

  

Fair Value

  

Units

  

Fair Value

  

Units

  

Fair Value

 

Outstanding, beginning of year

  403  $28.64   384  $22.22   425  $15.51 

Granted

  270  $39.97   151  $33.22   93  $51.43 

Released

  (258) $13.18   (55) $14.11   (125) $21.77 

Cancelled

  (7) $42.52   (77) $15.94   (9) $14.04 

Outstanding, end of year

  408  $45.65   403  $28.64   384  $22.22 
Schedule of Share-Based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]

Employee Stock Purchase Plan

 

2023

  

2022

  

2021

 

Dividend yield

  0.0%  0.0%  0.0%

Expected volatility

  36.3%  45.6%  58.3%

Risk-free interest rate

  4.5%  1.2%  0.1%

Expected term (years)

  0.5   0.5   0.5 

Weighted-average grant date fair

            

value per share

 $8.54  $8.79  $9.42 

Restricted Stock Units

 

2023

  

2022

  

2021

 

Dividend yield

  0.0%  0.0%  0.0%
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]

(in thousands)

 

2023

  

2022

  

2021

 

Cost of sales

 $845  $646  $828 

Research and development

  3,394   3,100   3,017 

Selling, general and administrative

  12,998   11,172   9,947 

Share-based compensation of continuing operations

  17,237   14,918   13,792 

Income tax benefit

  (1,770)  (4,004)  (722)

Total share-based compensation, net of tax

 $15,467  $10,914  $13,070