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Note 4 - Balance Sheet Components

3 Months Ended

Mar. 28, 2020

Supplemental Balance Sheet Disclosures [Text Block]

Accounts Receivable

Accounts receivable do not bear interest and are shown net of an allowance for expected lifetime credit losses, which reflects our best estimate of probable losses inherent in the accounts receivable balance. We determine this allowance through an assessment of known troubled accounts, analysis of our accounts receivable aging, historical experience, expectations for future economic conditions, management judgment, and other available evidence.

	*March 28,*			*December 28,*
(In thousands)	*2020*			*2019*
Accounts receivable	$	68,749		$	65,023
Less: Allowance for credit losses		(106	)		(106	)
Accounts receivable, net of allowance for credit losses	$	68,643		$	64,917

Inventories

	*March 28,*		*December 28,*
(In thousands)	*2020*		*2019*
Work in progress	$	39,744	$	39,855
Finished goods		9,188		15,125
Total inventories	$	48,932	$	54,980

Property and Equipment – Geographic Information

Our Property and equipment, net by country at the end of each period was as follows:

	*March 28,*		*December 28,*
(In thousands)	*2020*		*2019*
United States	$	31,593	$	32,313

China		1,528		1,683
Philippines		2,705		2,683
Taiwan		3,556		1,885
Japan		234		283
Other		317		383
Total foreign property and equipment, net		8,340		6,917
Total property and equipment, net	$	39,933	$	39,230

Accounts Payable and Accrued Expenses

Included in Accounts payable and accrued expenses in the Consolidated Balance Sheets are the following balances:

	*March 28,*		*December 28,*
(In thousands)	*2020*		*2019*
Trade accounts payable	$	44,440	$	44,350
Liability for non-cancelable contracts		6,359		6,964
Other accrued expenses		9,165		8,941
Total accounts payable and accrued expenses	$	59,964	$	60,255

Cloud Based Computing Implementation Costs

Under the guidance in ASU 2018-15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40), we are capitalizing the implementation costs for cloud computing arrangements, mainly for our new and integrated distributor accounting management systems. These cloud-based computing implementation costs are recorded in Prepaid expenses and other current assets and Other long-term assets on our Consolidated Balance Sheets. The following table summarizes activity during the first three months of fiscal 2020:

(In thousands)
Cloud based computing implementation costs as of December 28, 2019	$	2,543
Costs capitalized during the period		523
Capitalized costs amortized during the period		(73	)
Cloud based computing implementation costs as of March 28, 2020	$	2,993