Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jan. 01, 2022
Accounting Policies [Abstract]  
Schedule of Property and Equipment
The estimated useful lives for each major depreciable classification of property and equipment are as follows
Manufacturing machinery and equipment
3-7 years
Office furniture and equipment
3-7 years
Vehicles
3-10 years
Leasehold improvements
3-20 years
Property, equipment, and other fixed assets as of January 1, 2022 and December 26, 2020 are as follows:
January 1, December 26,
2022 2020
Land $ 4,501  $ 3,361 
Manufacturing machinery and equipment
35,688  26,447 
Leasehold improvements
4,599  5,127 
Construction in progress
3,571  2,170 
Other 13,287  8,084 
$ 61,646  $ 45,190 
Less accumulated depreciation
(20,039) (14,219)
$ 41,607  $ 30,971 
Schedule of Valuation Techniques The following assumptions were used for the valuation of the private warrants:
Warrant term (yrs.) 4.7 
Volatility
30.4  %
Risk-free rate
0.91  %
Dividend yield
—  %
Schedule of Change in Fair Value
The change in the fair value of warrant liabilities is as follows:

Balance assumed in the Business Combination at June 7, 2021 $ 37,149 
Conversion of Private warrants to Public warrants (11,091)
Redeemed/exercised warrants (31,976)
Change in fair value of warrants
5,918 
Balance at January 1, 2022
$