INCOME TAXES

6 Months Ended

Jun. 25, 2022

Income Tax Disclosure [Abstract]

INCOME TAXES

9. INCOME TAXES

The Company recorded a provision for income taxes of less than $0.1 million in each of the three and six months ended June 25, 2022 and June 26, 2021, respectively. As of June 25, 2022, the Company has available for tax purposes U.S. federal net operating loss carryforwards (“NOLs”) of approximately $160.3 million expiring 2022 through 2037 and $82.4 million that have an unlimited carryover period. The Company has recognized a full valuation allowance on its domestic and certain foreign net deferred tax assets due to the uncertainty of realization of such assets. The Company recognizes both accrued interest and penalties related to its uncertain tax positions related to intercompany loan interest and potential transfer pricing exposure related to its foreign subsidiaries.