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Note 4 - Balance Sheet Components

6 Months Ended

Jul. 02, 2022

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, as described in our 2021 10-K.

	*July 2,*		*January 1,*
(In thousands)	*2022*		*2022*
Accounts receivable	$	93,380	$	79,859
Less: Allowance for credit losses		—		—
Accounts receivable, net of allowance for credit losses	$	93,380	$	79,859

Inventories

	*July 2,*		*January 1,*
(In thousands)	*2022*		*2022*
Work in progress	$	53,065	$	43,546
Finished goods		24,413		24,048
Total inventories, net	$	77,478	$	67,594

Accrued Expenses

Included in Accrued expenses in the Consolidated Balance Sheets are the following balances:

	*July 2,*		*January 1,*
(In thousands)	*2022*		*2022*
Liability for non-cancelable contracts	$	10,297	$	9,930
Current portion of operating lease liabilities		5,867		5,696
Contract liability under ASC 606		5,282		4,768
Other accrued expenses		7,636		6,050
Total accrued expenses	$	29,082	$	26,444

Property and Equipment – Geographic Information

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

	*July 2,*		*January 1,*
(In thousands)	*2022*		*2022*
United States	$	29,184	$	26,509

Taiwan		7,898		6,555
Philippines		3,140		2,498
China		1,495		1,643
Other		1,024		889
Total foreign property and equipment, net		13,557		11,585
Total property and equipment, net	$	42,741	$	38,094

Cloud Based Computing Implementation Costs

We capitalize the implementation costs for cloud computing arrangements, which 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 six months of fiscal 2022:

(In thousands)
Cloud based computing implementation costs as of January 1, 2022	$	2,380
Costs capitalized		45
Amortization		(411	)
Cloud based computing implementation costs as of July 2, 2022	$	2,014