Lattice Semiconductor (LSCC) 10-Q4 Nov 242024 Q3 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Sep. 28, 2024	Oct. 31, 2024
Document Information [Line Items]
Entity Central Index Key	0000855658
Entity Registrant Name	Lattice Semiconductor Corp
Amendment Flag	false
Current Fiscal Year End Date	--12-28
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 28, 2024
Document Transition Report	false
Entity File Number	000-18032
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	93-0835214
Entity Address, Address Line One	5555 NE Moore Court
Entity Address, City or Town	Hillsboro
Entity Address, State or Province	OR
Entity Address, Postal Zip Code	97124
City Area Code	503
Local Phone Number	268-8000
Title of 12(b) Security	Common Stock, $.01 par value
Trading Symbol	LSCC
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		137,971,192

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Revenue	$ 127,091	$ 192,169	$ 391,982	$ 566,558
Cost of revenue	39,403	57,608	123,335	170,835
Gross margin	87,688	134,561	268,647	395,723
Operating expenses:
Research and development	41,398	42,048	120,722	119,983
Selling, general, and administrative	30,994	33,217	87,468	102,583
Amortization of acquired intangible assets	870	870	2,609	2,609
Restructuring	6,899	1,509	11,182	1,427
Total operating expenses	80,161	77,644	221,981	226,602
Income from operations	7,527	56,917	46,666	169,121
Interest income (expense), net	936	954	3,176	588
Other income (expense), net	(249)	14	(41)	(257)
Income before income taxes	8,214	57,885	49,801	169,452
Income tax expense	1,024	4,097	5,184	9,097
Net income	$ 7,190	$ 53,788	$ 44,617	$ 160,355
Net income per share:
Basic (in dollars per share)	$ 0.05	$ 0.39	$ 0.32	$ 1.16
Diluted (in dollars per share)	$ 0.05	$ 0.38	$ 0.32	$ 1.15
Shares used in per share calculations:
Basic (in shares)	137,709	137,948	137,577	137,697
Diluted (in shares)	137,894	139,828	138,274	139,927

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Net income	$ 7,190	$ 53,788	$ 44,617	$ 160,355
Other comprehensive income (loss):
Translation adjustment	758	(369)	(12)	(637)
Comprehensive income	$ 7,948	$ 53,419	$ 44,605	$ 159,718

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 28, 2024	Dec. 30, 2023
Current assets:
Cash and cash equivalents	$ 124,283	$ 128,317
Accounts receivable, net of allowance for credit losses	91,465	104,373
Inventories, net	104,517	98,826
Prepaid expenses and other current assets	45,847	36,430
Total current assets	366,112	367,946
Property and equipment, less accumulated depreciation	52,518	49,546
Operating lease right-of-use assets	15,781	14,487
Intangible assets, net	19,703	20,974
Goodwill	315,358	315,358
Deferred income taxes	56,200	57,762
Other long-term assets	27,989	14,821
Total assets	853,661	840,894
Current liabilities:
Accounts payable	32,131	34,487
Accrued liabilities	41,158	36,048
Accrued payroll obligations	18,759	26,865
Total current liabilities	92,048	97,400
Long-term operating lease liabilities, net of current portion	10,713	10,739
Other long-term liabilities	47,360	40,735
Total liabilities	150,121	148,874
Contingencies (Note 12)
Stockholders' equity:
Preferred stock, $.01 par value, 10,000,000 shares authorized, none issued and outstanding	0	0
Common stock, $.01 par value, 300,000,000 shares authorized; 137,935,000 shares issued and outstanding as of September 28, 2024 and 137,340,000 shares issued and outstanding as of December 30, 2023	1,379	1,373
Additional paid-in capital	512,495	545,586
Retained earnings	192,584	147,967
Accumulated other comprehensive loss	(2,918)	(2,906)
Total stockholders' equity	703,540	692,020
Total liabilities and stockholders' equity	$ 853,661	$ 840,894

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 28, 2024	Dec. 30, 2023
Accumulated depreciation	$ 123,483	$ 125,856
Preferred stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	137,935,000	137,340,000
Common stock, shares outstanding (in shares)	137,935,000	137,340,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income	$ 44,617	$ 160,355
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	28,421	25,279
Stock-based compensation expense	38,311	52,408
Change in deferred income tax provision	93	(1,466)
Amortization of right-of-use assets	5,674	5,022
Impairment of operating lease right-of-use asset	384	0
Other non-cash adjustments	217	177
Changes in assets and liabilities:
Accounts receivable, net	12,908	(11,895)
Inventories, net	(5,691)	6,356
Prepaid expenses and other assets	(28,574)	(5,305)
Accounts payable	(2,356)	(5,149)
Accrued liabilities	15,405	(13,029)
Accrued payroll obligations	(8,106)	(9,399)
Operating lease liabilities, current and long-term portions	(5,848)	(5,736)
Net cash provided by (used in) operating activities	95,455	197,618
Cash flows from investing activities:
Capital expenditures	(15,231)	(16,370)
Cash paid for software and intellectual property licenses	(12,492)	(8,917)
Net cash provided by (used in) investing activities	(27,723)	(25,287)
Cash flows from financing activities:
Restricted stock unit tax withholdings	(30,607)	(48,633)
Proceeds from issuance of common stock	6,018	5,519
Repurchase of common stock	(46,999)	(30,005)
Repayment of long-term debt	0	(130,000)
Net cash provided by (used in) financing activities	(71,588)	(203,119)
Effect of exchange rate change on cash	(178)	(537)
Net increase (decrease) in cash and cash equivalents	(4,034)	(31,325)
Beginning cash and cash equivalents	128,317	145,722
Ending cash and cash equivalents	124,283	114,397
Supplemental disclosure of cash flow information and non-cash investing and financing activities:
Interest paid	0	3,240
Income taxes paid, net of refunds	6,031	11,229
Operating lease payments	6,972	6,179
Accrued purchases of plant and equipment	2,391	269
Operating lease right-of-use assets obtained in exchange for lease obligations	$ 7,288	$ 3,718

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balances (in shares) at Dec. 31, 2022	137,099,000
Balances at Dec. 31, 2022	$ 1,371	$ 599,300	$ (111,094)	$ (2,414)	$ 487,163
Net income	0	0	160,355	0	160,355
Other comprehensive income (loss)	0	0	0	(637)	(637)
Total comprehensive income					159,718
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes (in shares)	1,274,000
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes	$ 13	(43,127)			(43,114)
Stock-based compensation expense	$ 0	52,408	0	0	52,408
Repurchase of common stock (in shares)	(351,000)
Repurchase of common stock	$ (4)	(30,001)	0	0	(30,005)
Balances (in shares) at Sep. 30, 2023	138,022,000
Balances at Sep. 30, 2023	$ 1,380	578,580	49,261	(3,051)	626,170
Balances (in shares) at Jul. 01, 2023	137,823,000
Balances at Jul. 01, 2023	$ 1,378	580,592	(4,527)	(2,682)	574,761
Net income	0	0	53,788	0	53,788
Other comprehensive income (loss)	0	0	0	(369)	(369)
Total comprehensive income					53,419
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes (in shares)	309,000
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes	$ 4	(8,679)			(8,675)
Stock-based compensation expense	$ 0	16,664	0	0	16,664
Repurchase of common stock (in shares)	(110,000)
Repurchase of common stock	$ (2)	(9,997)	0	0	(9,999)
Balances (in shares) at Sep. 30, 2023	138,022,000
Balances at Sep. 30, 2023	$ 1,380	578,580	49,261	(3,051)	$ 626,170
Balances (in shares) at Dec. 30, 2023	137,340,000				137,340,000
Balances at Dec. 30, 2023	$ 1,373	545,586	147,967	(2,906)	$ 692,020
Net income	0	0	44,617	0	44,617
Other comprehensive income (loss)	$ 0	0	0	(12)	(12)
Total comprehensive income					44,605
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes (in shares)	1,374,000
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes	$ 14	(24,603)			(24,589)
Stock-based compensation expense	$ 0	38,311	0	0	38,311
Repurchase of common stock (in shares)	(779,000)
Repurchase of common stock	$ (8)	(46,799)	0	0	$ (46,807)
Balances (in shares) at Sep. 28, 2024	137,935,000				137,935,000
Balances at Sep. 28, 2024	$ 1,379	512,495	192,584	(2,918)	$ 703,540
Balances (in shares) at Jun. 29, 2024	137,765,000
Balances at Jun. 29, 2024	$ 1,378	515,753	185,394	(3,676)	698,849
Net income	0	0	7,190	0	7,190
Other comprehensive income (loss)	0	0	0	758	758
Total comprehensive income					7,948
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes (in shares)	541,000
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes	$ 5	(2,860)			(2,855)
Stock-based compensation expense	$ 0	16,598	0	0	16,598
Repurchase of common stock (in shares)	(371,000)
Repurchase of common stock	$ (4)	(16,996)	0	0	$ (17,000)
Balances (in shares) at Sep. 28, 2024	137,935,000				137,935,000
Balances at Sep. 28, 2024	$ 1,379	$ 512,495	$ 192,584	$ (2,918)	$ 703,540

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	9 Months Ended
Note 1 - Basis of Presentation	Sep. 28, 2024
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	1 Lattice Semiconductor Corporation and its subsidiaries (“Lattice,” the “Company,” “we,” “us,” or “our”) develop technologies that we monetize through differentiated programmable logic semiconductor products, silicon-enabling products, system solutions, design services, and technology licenses. Basis of Presentation and Use of Estimates The accompanying Consolidated Financial Statements are unaudited and have been prepared in accordance with U.S. Generally Accepted Accounting Principles ("U.S. GAAP") and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission ("SEC"). In our opinion, they include all adjustments, consisting only of normal recurring adjustments, necessary for the fair presentation of results for the interim periods. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted as permitted by the SEC's rules and regulations for interim reporting. These Consolidated Financial Statements should be read in conjunction with our audited financial statements and notes thereto included in our Annual Report on Form 10 December 30, 2023 (" 2023 10 The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments affecting the amounts reported in our consolidated condensed financial statements and the accompanying notes. We base our estimates and judgments on historical experience, knowledge of current conditions, and our beliefs of what could occur in the future considering available information. While we believe that our estimates, assumptions, and judgments are reasonable, they are based on information available when made, and because of the uncertainty inherent in these matters, the actual results that we experience may We describe our accounting methods and practices in more detail in our 2023 10 no 2023 10 Certain prior year balances have been reclassified to conform to the current year’s presentation. Fiscal Reporting Periods We report based on a 52 53 December 31. 2024 52 December 28, 2024, 2023 52 December 30, 2023. third 2024 third 2023 September 28, 2024 September 30, 2023 13 39 Concentrations of Risk Potential exposure to concentrations of risk may 95% and 90% third 2024 2023 first nine 2024 2023 At September 28, 2024 two December 30, 2023 three d for 36%, 29%, and 18%

Note 2 - Net Income Per Share

Note 2 - Net Income Per Share	9 Months Ended
Note 2 - Net Income Per Share	Sep. 28, 2024
Notes to Financial Statements
Earnings Per Share [Text Block]	2 Our calculation of the diluted share count includes the number of shares from our equity awards with market conditions or performance conditions that would be issuable under the terms of such awards at the end of the reporting period. For equity awards with a market condition, the number of shares included in the diluted share count as of the end of each period presented is determined by measuring the achievement of the market condition as of the end of the respective reporting periods. See "Note 9 to our consolidated financial statements for further discussion of our equity awards with market conditions or performance conditions. A summary of basic and diluted Net income per share is presented in the following table: Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, (In thousands, except per share data) 2024 2023 2024 2023 Net income $ 7,190 $ 53,788 $ 44,617 $ 160,355 Shares used in basic Net income per share 137,709 137,948 137,577 137,697 Dilutive effect of stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition 185 1,880 697 2,230 Shares used in diluted Net income per share 137,894 139,828 138,274 139,927 Basic Net income per share $ 0.05 $ 0.39 $ 0.32 $ 1.16 Diluted Net income per share $ 0.05 $ 0.38 $ 0.32 $ 1.15 The computation of diluted Net income per share excludes the effects of stock options, restricted stock units ("RSUs"), Employee Stock Purchase Plan ("ESPP") shares, and equity awards with a market condition or performance condition that are antidilutive, aggregating approximately the following number of shares: Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, (In thousands) 2024 2023 2024 2023 Stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition excluded as they are antidilutive 2,364 448 976 223

Note 3 - Revenue From Contracts

Note 3 - Revenue From Contracts With Customers	9 Months Ended
Note 3 - Revenue From Contracts With Customers	Sep. 28, 2024
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	3 Disaggregation of Revenue The following tables provide information about revenue from contracts with customers disaggregated by channel and by geographical market, based on ship-to location of our customer s: Three Months Ended Nine Months Ended Revenue by Channel September 28, September 30, September 28, September 30, (In thousands) 2024 2023 2024 2023 Distributors $ 120,266 95 % $ 173,344 90 % $ 356,001 91 % $ 504,052 89 % Direct 6,825 5 % 18,825 10 % 35,981 9 % 62,506 11 % Total revenue $ 127,091 100 % $ 192,169 100 % $ 391,982 100 % $ 566,558 100 % Revenue by Geographical Market (In thousands) China $ 49,671 39 % $ 64,114 34 % $ 154,702 39 % $ 175,670 31 % Japan 16,633 13 % 25,689 13 % 64,782 17 % 94,434 17 % Other Asia 13,508 11 % 27,532 14 % 35,375 9 % 72,009 12 % Asia 79,812 63 % 117,335 61 % 254,859 65 % 342,113 60 % Americas 19,156 15 % 33,209 17 % 74,745 19 % 107,780 19 % Europe 28,123 22 % 41,625 22 % 62,378 16 % 116,665 21 % Total revenue $ 127,091 100 % $ 192,169 100 % $ 391,982 100 % $ 566,558 100 % Contract Balances Our contract assets relate to our rights to consideration for licenses and royalties due to us as a member of the HDMI Founders consortium. The balance results primarily from the amount of estimated revenue related to HDMI that we have recognized to date, but which has not first nine 2024 (In thousands) Contract assets as of December 30, 2023 $ 11,194 Revenues recorded during the period 10,890 Transferred to Accounts receivable or collected (6,316 ) Contract assets as of September 28, 2024 $ 15,768 Contract liabilities are included in Accrued liabilities on our Consolidated Balance Sheets. The following table summarizes activity during the first nine 2024 (In thousands) Contract liabilities as of December 30, 2023 $ 5,304 Accruals for estimated future stock rotation and scrap returns 12,527 Less: Release of accruals for recognized stock rotation and scrap returns (12,015 ) Contract liabilities as of September 28, 2024 $ 5,816

Note 4 - Balance Sheet Componen

Note 4 - Balance Sheet Components	9 Months Ended
Note 4 - Balance Sheet Components	Sep. 28, 2024
Notes to Financial Statements
Supplemental Balance Sheet Disclosures [Text Block]	4 Accounts Receivable Accounts receivable do not 2023 10 September 28, December 30, (In thousands) 2024 2023 Accounts receivable $ 91,465 $ 104,373 Less: Allowance for credit losses — — Accounts receivable, net of allowance for credit losses $ 91,465 $ 104,373 Inventories September 28, December 30, (In thousands) 2024 2023 Work in progress $ 75,639 $ 65,396 Finished goods 28,878 33,430 Total inventories, net $ 104,517 $ 98,826 Property and Equipment – Geographic Information Our Property and equipment, net by country at the end of each period was as follows: September 28, December 30, (In thousands) 2024 2023 United States $ 27,354 $ 29,467 Taiwan 12,047 10,222 Philippines 5,064 4,602 China 2,554 2,778 Other 5,499 2,477 Total foreign property and equipment, net 25,164 20,079 Total property and equipment, net $ 52,518 $ 49,546 Accrued Liabilities Included in Accrued liabilities in the Consolidated Balance Sheets are the following balances: September 28, December 30, (In thousands) 2024 2023 Current portion of liability for non-cancelable contracts $ 13,241 $ 11,418 Current portion of accrued restructuring 10,842 3,500 Current portion of operating lease liabilities 7,037 5,571 Contract liabilities 5,816 5,304 Foreign, VAT, and other taxes payable 2,663 6,758 Other accrued liabilities 1,559 3,497 Total accrued liabilities $ 41,158 $ 36,048 Accrued Other Long-Term Liabilities Included in Accrued other long-term liabilities in the Consolidated Balance Sheets are the following balances: September 28, December 30, (In thousands) 2024 2023 Long-term portion of uncertain tax positions $ 22,568 $ 21,888 Long-term portion of liability for non-cancelable contracts 17,538 7,668 Other long-term liabilities 7,254 11,179 Total other long-term liabilities $ 47,360 $ 40,735

Note 5 - Long-term Debt

Note 5 - Long-term Debt	9 Months Ended
Note 5 - Long-term Debt	Sep. 28, 2024
Notes to Financial Statements
Long-Term Debt [Text Block]	5 On September 1, 2022, “2022 five The revolving loans under the 2022 may September 1, 2027. September 28, 2024 December 30, 2023 2022 third 2023. We pay a quarterly commitment fee of 0.20% on the unused portion of the revolving facility. Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, (In thousands) 2024 2023 2024 2023 Contractual interest $ - $ 83 $ - $ 2,701 Amortization of original issuance discount and debt costs 67 67 200 200 Total interest expense related to long-term debt $ 67 $ 150 $ 200 $ 2,901

Note 6 - Restructuring

Note 6 - Restructuring	9 Months Ended
Note 6 - Restructuring	Sep. 28, 2024
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	6 In September 2024, Q3 2024 September 28, 2024. Q3 2024 first 2025. Under the Q3 2023 2023 10 third first nine 2024. September 28, 2024. Q3 2023 2024. Other restructuring activity in the periods presented consisted of expense adjustments on previous plans. Costs and adjustments on restructuring plans are recorded to Restructuring on our Consolidated Statements of Operations. The restructuring accrual balance is presented in Accrued liabilities and in Other long-term liabilities on our Consolidated Balance Sheets. The following table displays the activity related to our restructuring plans: (In thousands) Severance & Related (1) Lease Termination & Fixed Assets Other (2) Total Accrued Restructuring at December 30, 2023 $ 1,490 $ 4,508 $ 620 $ 6,618 Restructuring 11,851 (49 ) (620 ) 11,182 Costs paid or otherwise settled (4,012 ) (1,094 ) — (5,106 ) Accrued Restructuring at September 28, 2024 $ 9,329 $ 3,365 $ — $ 12,694 Accrued Restructuring at December 31, 2022 $ 400 $ 5,892 $ 640 $ 6,932 Restructuring 1,365 58 4 1,427 Costs paid or otherwise settled (446 ) (1,083 ) (24 ) (1,553 ) Accrued Restructuring at September 30, 2023 $ 1,319 $ 4,867 $ 620 $ 6,806 ( 1 Includes employee relocation and outplacement costs ( 2 Includes termination fees on the cancellation of certain contracts

Note 7 - Leases

Note 7 - Leases	9 Months Ended
Note 7 - Leases	Sep. 28, 2024
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	7 We have operating leases for corporate offices, sales offices, research and development facilities, storage facilities, and a data center. All of our facilities are leased under operating leases, which expire at various times through 2029, September 28, 2024 We recorded fixed operating lease expenses of $2.1 million and $2.0 million for the third 2024 2023, first nine 2024 2023, The following table presents the lease balance classifications within the Consolidated Balance Sheets and summarizes their activity during the first nine 2024 Operating lease right-of-use assets (In thousands) Balance as of December 30, 2023 $ 14,487 Right-of-use assets obtained for new lease contracts during the period 7,288 Amortization of right-of-use assets during the period (5,674 ) Impairment of right-of use asset during the period (recorded in Restructuring charges) (384 ) Adjustments for present value and foreign currency effects 64 Balance as of September 28, 2024 $ 15,781 Operating lease liabilities (In thousands) Balance as of December 30, 2023 $ 16,310 Lease liabilities accrued for new lease contracts during the period 7,288 Accretion of lease liabilities 764 Operating cash used for payments on lease liabilities (6,972 ) Adjustments for present value and foreign currency effects 360 Balance as of September 28, 2024 17,750 Less: Current portion of operating lease liabilities (included in Accrued liabilities) (7,037 ) Long-term operating lease liabilities, net of current portion $ 10,713 Maturities of operating lease liabilities as of September 28, 2024 Fiscal year (In thousands) 2024 (Remaining quarter) $ 2,192 2025 6,946 2026 4,642 2027 2,855 2028 2,272 Thereafter 475 Total lease payments 19,382 Less: amount representing interest (1,632 ) Total lease liabilities $ 17,750 Lease obligations for facilities restructured prior to the adoption of Topic 842 $3.4 September 28, 2024

Note 8 - Intangible Assets

Note 8 - Intangible Assets	9 Months Ended
Note 8 - Intangible Assets	Sep. 28, 2024
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	8 In connection with our past acquisitions, we have recorded identifiable intangible assets. On our Consolidated Balance Sheets at September 28, 2024 December 30, 2023 $ third We recorded amortization expense related to intangible assets on the Consolidated Statements of Operations as presented in the following table: Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, (In thousands) 2024 2023 2024 2023 Research and development $ 299 $ 277 $ 812 $ 818 Amortization of acquired intangible assets 870 870 2,609 2,609 $ 1,169 $ 1,147 $ 3,421 $ 3,427

Note 9 - Stock-based Compensati

Note 9 - Stock-based Compensation	9 Months Ended
Note 9 - Stock-based Compensation	Sep. 28, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	Note 9 Total stock-based compensation expense included in our Consolidated Statements of Operations is presented in the following table: Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, (In thousands) 2024 2023 2024 2023 Cost of revenue $ (62 ) $ 1,035 $ 1,593 $ 3,402 Research and development 7,995 7,020 21,958 20,006 Selling, general, and administrative 8,665 8,609 14,760 29,000 Total stock-based compensation $ 16,598 $ 16,664 $ 38,311 $ 52,408 Market-Based and Performance-Based Stock Compensation In the first third 2024, three 3000 third third may 75th 55th zero 25th 25th 75th In the second third 2024, one fourth 2025 2028. five In the third 2024, 60 No In the first nine 2024, first 2024 first 2021 75th first 2024, second 2021 2022 one fourth 2024, 13 second December 31, 2022. third December 30, 2023. For our awards with a market condition or performance condition, we incurred stock compensation expense of approximately $4.5 million, partially offset by benefits from forfeitures of approximately $2.9 million due to executive departures, in the third 2024. first nine 2024, third first nine 2023, The following table summarizes the activity for our awards with a market condition or performance condition: (Shares in thousands) Total Balance, December 30, 2023 852 Granted 1,641 Effect of vesting multiplier 284 Vested (541 ) Canceled (391 ) Balance, September 28, 2024 1,845

Note 10 - Common Stock Repurcha

Note 10 - Common Stock Repurchase Program	9 Months Ended
Note 10 - Common Stock Repurchase Program	Sep. 28, 2024
Notes to Financial Statements
Treasury Stock [Text Block]	Note 10 On November 30, 2023, "2024 2024 December 28, 2024. During the third 2024, 2024 first nine 2024, 2024 third 2024. September 28, 2024 2024

Note 11 - Income Taxes

Note 11 - Income Taxes	9 Months Ended
Note 11 - Income Taxes	Sep. 28, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	11 We are subject to federal and state income tax as well as income tax in the foreign jurisdictions in which we operate. For the third 2024 2023 first nine 2024 2023, three nine September 28, 2024 September 30, 2023 three nine September 28, 2024 three nine September 30, 2023 The portion of our uncertain tax positions (including penalties and interest) recorded as a liability wa s $ million and $21.9 million a September 28, 2024 December 30, 2023 12

Note 12 - Contingencies

Note 12 - Contingencies	9 Months Ended
Note 12 - Contingencies	Sep. 28, 2024
Notes to Financial Statements
Contingencies Disclosure [Text Block]	12 Legal Proceedings On or about December 19, 2018, 2008. January 2019, May 24, 2023, second January 18, 2024, January 30, 2024 February 15, 2024. February 13, 2024, 50 February 15, 2024, not March 15, 2024, March 18, 2024, August 1, 2024. October 7, 2024. October 7 th October 30, 2024. From time to time, we are exposed to certain additional asserted and unasserted potential claims. We review the status of each significant matter and assess its potential financial exposure. If the potential loss from any claim or legal proceeding is considered probable and a range of possible losses can be estimated, we then accrue a liability for the estimated loss. Legal proceedings are subject to uncertainties, and the outcomes are difficult to predict. Because of such uncertainties, accruals are based only on the best information available at the time. As additional information becomes available, we reassess the potential liability related to pending claims and litigation and may

Insider Trading Arrangements

Insider Trading Arrangements	9 Months Ended
Insider Trading Arrangements	Sep. 28, 2024 shares
ecd_TradingArrByIndTable
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false
LSCC, Pravin Desale [Member]
ecd_TradingArrByIndTable
Trading Arrangement Adoption Date	August 19, 2024
Trading Arrangement, Individual Name	Pravin Desale
Trading Arrangement, Individual Title	Senior Vice President of Research & Development
Rule 10b5-1 Arrangement Adopted [Flag]	true
Trading Arrangement, Securities Aggregate Available Amount	21,276
LSCC, Mark Nelson [Member]
ecd_TradingArrByIndTable
Trading Arrangement Adoption Date	September 9, 2024
Trading Arrangement, Individual Name	Mark Nelson
Trading Arrangement, Individual Title	Senior Vice President of Sales
Rule 10b5-1 Arrangement Adopted [Flag]	true
Trading Arrangement, Securities Aggregate Available Amount	14,919

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
Significant Accounting Policies (Policies)	Sep. 28, 2024
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation and Use of Estimates The accompanying Consolidated Financial Statements are unaudited and have been prepared in accordance with U.S. Generally Accepted Accounting Principles ("U.S. GAAP") and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission ("SEC"). In our opinion, they include all adjustments, consisting only of normal recurring adjustments, necessary for the fair presentation of results for the interim periods. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted as permitted by the SEC's rules and regulations for interim reporting. These Consolidated Financial Statements should be read in conjunction with our audited financial statements and notes thereto included in our Annual Report on Form 10 December 30, 2023 (" 2023 10 The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments affecting the amounts reported in our consolidated condensed financial statements and the accompanying notes. We base our estimates and judgments on historical experience, knowledge of current conditions, and our beliefs of what could occur in the future considering available information. While we believe that our estimates, assumptions, and judgments are reasonable, they are based on information available when made, and because of the uncertainty inherent in these matters, the actual results that we experience may We describe our accounting methods and practices in more detail in our 2023 10 no 2023 10 Certain prior year balances have been reclassified to conform to the current year’s presentation.
Fiscal Period, Policy [Policy Text Block]	Fiscal Reporting Periods We report based on a 52 53 December 31. 2024 52 December 28, 2024, 2023 52 December 30, 2023. third 2024 third 2023 September 28, 2024 September 30, 2023 13 39
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations of Risk Potential exposure to concentrations of risk may 95% and 90% third 2024 2023 first nine 2024 2023 At September 28, 2024 two December 30, 2023 three d for 36%, 29%, and 18%

Note 2 - Net Income Per Share (

Note 2 - Net Income Per Share (Tables)	9 Months Ended
Note 2 - Net Income Per Share (Tables)	Sep. 28, 2024
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, (In thousands, except per share data) 2024 2023 2024 2023 Net income $ 7,190 $ 53,788 $ 44,617 $ 160,355 Shares used in basic Net income per share 137,709 137,948 137,577 137,697 Dilutive effect of stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition 185 1,880 697 2,230 Shares used in diluted Net income per share 137,894 139,828 138,274 139,927 Basic Net income per share $ 0.05 $ 0.39 $ 0.32 $ 1.16 Diluted Net income per share $ 0.05 $ 0.38 $ 0.32 $ 1.15 Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, (In thousands) 2024 2023 2024 2023 Stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition excluded as they are antidilutive 2,364 448 976 223

Note 3 - Revenue From Contrac_2

Note 3 - Revenue From Contracts With Customers (Tables)	9 Months Ended
Note 3 - Revenue From Contracts With Customers (Tables)	Sep. 28, 2024
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended Nine Months Ended Revenue by Channel September 28, September 30, September 28, September 30, (In thousands) 2024 2023 2024 2023 Distributors $ 120,266 95 % $ 173,344 90 % $ 356,001 91 % $ 504,052 89 % Direct 6,825 5 % 18,825 10 % 35,981 9 % 62,506 11 % Total revenue $ 127,091 100 % $ 192,169 100 % $ 391,982 100 % $ 566,558 100 % Revenue by Geographical Market (In thousands) China $ 49,671 39 % $ 64,114 34 % $ 154,702 39 % $ 175,670 31 % Japan 16,633 13 % 25,689 13 % 64,782 17 % 94,434 17 % Other Asia 13,508 11 % 27,532 14 % 35,375 9 % 72,009 12 % Asia 79,812 63 % 117,335 61 % 254,859 65 % 342,113 60 % Americas 19,156 15 % 33,209 17 % 74,745 19 % 107,780 19 % Europe 28,123 22 % 41,625 22 % 62,378 16 % 116,665 21 % Total revenue $ 127,091 100 % $ 192,169 100 % $ 391,982 100 % $ 566,558 100 %
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	(In thousands) Contract assets as of December 30, 2023 $ 11,194 Revenues recorded during the period 10,890 Transferred to Accounts receivable or collected (6,316 ) Contract assets as of September 28, 2024 $ 15,768 (In thousands) Contract liabilities as of December 30, 2023 $ 5,304 Accruals for estimated future stock rotation and scrap returns 12,527 Less: Release of accruals for recognized stock rotation and scrap returns (12,015 ) Contract liabilities as of September 28, 2024 $ 5,816

Note 4 - Balance Sheet Compon_2

Note 4 - Balance Sheet Components (Tables)	9 Months Ended
Note 4 - Balance Sheet Components (Tables)	Sep. 28, 2024
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	September 28, December 30, (In thousands) 2024 2023 Accounts receivable $ 91,465 $ 104,373 Less: Allowance for credit losses — — Accounts receivable, net of allowance for credit losses $ 91,465 $ 104,373
Schedule of Inventory, Current [Table Text Block]	September 28, December 30, (In thousands) 2024 2023 Work in progress $ 75,639 $ 65,396 Finished goods 28,878 33,430 Total inventories, net $ 104,517 $ 98,826
Property, Plant and Equipment [Table Text Block]	September 28, December 30, (In thousands) 2024 2023 United States $ 27,354 $ 29,467 Taiwan 12,047 10,222 Philippines 5,064 4,602 China 2,554 2,778 Other 5,499 2,477 Total foreign property and equipment, net 25,164 20,079 Total property and equipment, net $ 52,518 $ 49,546
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	September 28, December 30, (In thousands) 2024 2023 Current portion of liability for non-cancelable contracts $ 13,241 $ 11,418 Current portion of accrued restructuring 10,842 3,500 Current portion of operating lease liabilities 7,037 5,571 Contract liabilities 5,816 5,304 Foreign, VAT, and other taxes payable 2,663 6,758 Other accrued liabilities 1,559 3,497 Total accrued liabilities $ 41,158 $ 36,048
Other Liabilities [Table Text Block]	September 28, December 30, (In thousands) 2024 2023 Long-term portion of uncertain tax positions $ 22,568 $ 21,888 Long-term portion of liability for non-cancelable contracts 17,538 7,668 Other long-term liabilities 7,254 11,179 Total other long-term liabilities $ 47,360 $ 40,735

Note 5 - Long-term Debt (Tables

Note 5 - Long-term Debt (Tables)	9 Months Ended
Note 5 - Long-term Debt (Tables)	Sep. 28, 2024
Notes Tables
Interest Income and Interest Expense Disclosure [Table Text Block]	Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, (In thousands) 2024 2023 2024 2023 Contractual interest $ - $ 83 $ - $ 2,701 Amortization of original issuance discount and debt costs 67 67 200 200 Total interest expense related to long-term debt $ 67 $ 150 $ 200 $ 2,901

Note 6 - Restructuring (Tables)

Note 6 - Restructuring (Tables)	9 Months Ended
Note 6 - Restructuring (Tables)	Sep. 28, 2024
Notes Tables
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]	(In thousands) Severance & Related (1) Lease Termination & Fixed Assets Other (2) Total Accrued Restructuring at December 30, 2023 $ 1,490 $ 4,508 $ 620 $ 6,618 Restructuring 11,851 (49 ) (620 ) 11,182 Costs paid or otherwise settled (4,012 ) (1,094 ) — (5,106 ) Accrued Restructuring at September 28, 2024 $ 9,329 $ 3,365 $ — $ 12,694 Accrued Restructuring at December 31, 2022 $ 400 $ 5,892 $ 640 $ 6,932 Restructuring 1,365 58 4 1,427 Costs paid or otherwise settled (446 ) (1,083 ) (24 ) (1,553 ) Accrued Restructuring at September 30, 2023 $ 1,319 $ 4,867 $ 620 $ 6,806

Note 7 - Leases (Tables)

Note 7 - Leases (Tables)	9 Months Ended
Note 7 - Leases (Tables)	Sep. 28, 2024
Notes Tables
Lessee, Operating Lease Right-of-Use Assets and Liabilities [Table Text Block]	Operating lease right-of-use assets (In thousands) Balance as of December 30, 2023 $ 14,487 Right-of-use assets obtained for new lease contracts during the period 7,288 Amortization of right-of-use assets during the period (5,674 ) Impairment of right-of use asset during the period (recorded in Restructuring charges) (384 ) Adjustments for present value and foreign currency effects 64 Balance as of September 28, 2024 $ 15,781 Operating lease liabilities (In thousands) Balance as of December 30, 2023 $ 16,310 Lease liabilities accrued for new lease contracts during the period 7,288 Accretion of lease liabilities 764 Operating cash used for payments on lease liabilities (6,972 ) Adjustments for present value and foreign currency effects 360 Balance as of September 28, 2024 17,750 Less: Current portion of operating lease liabilities (included in Accrued liabilities) (7,037 ) Long-term operating lease liabilities, net of current portion $ 10,713
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	Fiscal year (In thousands) 2024 (Remaining quarter) $ 2,192 2025 6,946 2026 4,642 2027 2,855 2028 2,272 Thereafter 475 Total lease payments 19,382 Less: amount representing interest (1,632 ) Total lease liabilities $ 17,750

Note 8 - Intangible Assets (Tab

Note 8 - Intangible Assets (Tables)	9 Months Ended
Note 8 - Intangible Assets (Tables)	Sep. 28, 2024
Notes Tables
Finite-Lived Intangible Assets Amortization Expense [Table Text Block]	Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, (In thousands) 2024 2023 2024 2023 Research and development $ 299 $ 277 $ 812 $ 818 Amortization of acquired intangible assets 870 870 2,609 2,609 $ 1,169 $ 1,147 $ 3,421 $ 3,427

Note 9 - Stock-based Compensa_2

Note 9 - Stock-based Compensation (Tables)	9 Months Ended
Note 9 - Stock-based Compensation (Tables)	Sep. 28, 2024
Notes Tables
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, (In thousands) 2024 2023 2024 2023 Cost of revenue $ (62 ) $ 1,035 $ 1,593 $ 3,402 Research and development 7,995 7,020 21,958 20,006 Selling, general, and administrative 8,665 8,609 14,760 29,000 Total stock-based compensation $ 16,598 $ 16,664 $ 38,311 $ 52,408
Share-Based Payment Arrangement, Performance Shares, Outstanding Activity [Table Text Block]	(Shares in thousands) Total Balance, December 30, 2023 852 Granted 1,641 Effect of vesting multiplier 284 Vested (541 ) Canceled (391 ) Balance, September 28, 2024 1,845

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual) - Sell-through Distributors Concentration Risk [Member]	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023	Dec. 30, 2023
Revenue Benchmark [Member]
Number of Distributors			2
Revenue Benchmark [Member] \| Distributors [Member]
Concentration Risk, Percentage	95%	90%	91%	89%
Accounts Receivable [Member]
Number of Distributors					3
Accounts Receivable [Member] \| Large Distributor One [Member]
Concentration Risk, Percentage			42%		36%
Accounts Receivable [Member] \| Large Distributor Two [Member]
Concentration Risk, Percentage			37%		29%
Accounts Receivable [Member] \| Third Largest Distributor [Member]
Concentration Risk, Percentage					18%

Note 2 - Net Income Per Share -

Note 2 - Net Income Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Net income	$ 7,190	$ 53,788	$ 44,617	$ 160,355
Shares used in basic Net income per share (in shares)	137,709	137,948	137,577	137,697
Dilutive effect of stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition (in shares)	185	1,880	697	2,230
Shares used in diluted Net income per share (in shares)	137,894	139,828	138,274	139,927
Basic (in dollars per share)	$ 0.05	$ 0.39	$ 0.32	$ 1.16
Diluted (in dollars per share)	$ 0.05	$ 0.38	$ 0.32	$ 1.15
Stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition excluded as they are antidilutive (in shares)	2,364	448	976	223

Note 3 - Revenue From Contrac_3

Note 3 - Revenue From Contracts with Customers - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Revenue	$ 127,091	$ 192,169	$ 391,982	$ 566,558
Percentage of revenue	100%	100%	100%	100%
CHINA
Revenue	$ 49,671	$ 64,114	$ 154,702	$ 175,670
Percentage of revenue	39%	34%	39%	31%
JAPAN
Revenue	$ 16,633	$ 25,689	$ 64,782	$ 94,434
Percentage of revenue	13%	13%	17%	17%
Other Asia [Member]
Revenue	$ 13,508	$ 27,532	$ 35,375	$ 72,009
Percentage of revenue	11%	14%	9%	12%
Asia [Member]
Revenue	$ 79,812	$ 117,335	$ 254,859	$ 342,113
Percentage of revenue	63%	61%	65%	60%
Americas [Member]
Revenue	$ 19,156	$ 33,209	$ 74,745	$ 107,780
Percentage of revenue	15%	17%	19%	19%
Europe [Member]
Revenue	$ 28,123	$ 41,625	$ 62,378	$ 116,665
Percentage of revenue	22%	22%	16%	21%
Sales Channel, Through Intermediary [Member] \| Product [Member]
Revenue	$ 120,266	$ 173,344	$ 356,001	$ 504,052
Percentage of revenue	95%	90%	91%	89%
Sales Channel, Directly to Consumer [Member] \| Product [Member]
Revenue	$ 6,825	$ 18,825	$ 35,981	$ 62,506
Percentage of revenue	5%	10%	9%	11%

Note 3 - Revenue From Contrac_4

Note 3 - Revenue From Contracts With Customers - Contract Balance (Details) $ in Thousands	9 Months Ended
	Sep. 28, 2024 USD ($)
Contract assets, balance	$ 11,194
Revenues recorded during the period	10,890
Transferred to Accounts receivable or collected	(6,316)
Contract assets, balance	15,768
Contract liabilities, balance	5,304
Accruals for estimated future stock rotation and scrap returns	12,527
Less: Release of accruals for recognized stock rotation and scrap returns	(12,015)
Contract liabilities, balance	$ 5,816

Note 4 - Balance Sheet Compon_3

Note 4 - Balance Sheet Components - Accounts Receivable (Details) - USD ($) $ in Thousands	Sep. 28, 2024	Dec. 30, 2023
Accounts receivable	$ 91,465	$ 104,373
Less: Allowance for credit losses	0	0
Accounts receivable, net of allowance for credit losses	$ 91,465	$ 104,373

Note 4 - Balance Sheet Compon_4

Note 4 - Balance Sheet Components - Inventories (Details) - USD ($) $ in Thousands	Sep. 28, 2024	Dec. 30, 2023
Work in progress	$ 75,639	$ 65,396
Finished goods	28,878	33,430
Total inventories, net	$ 104,517	$ 98,826

Note 4 - Property and Equipment

Note 4 - Property and Equipment - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Sep. 28, 2024	Dec. 30, 2023
Property, Plant and Equipment, Net	$ 52,518	$ 49,546
UNITED STATES
Property, Plant and Equipment, Net	27,354	29,467
TAIWAN
Property, Plant and Equipment, Net	12,047	10,222
PHILIPPINES
Property, Plant and Equipment, Net	5,064	4,602
CHINA
Property, Plant and Equipment, Net	2,554	2,778
Other [Member]
Property, Plant and Equipment, Net	5,499	2,477
Foreign Countries [Member]
Property, Plant and Equipment, Net	$ 25,164	$ 20,079

Note 4 - Balance Sheet Compon_5

Note 4 - Balance Sheet Components - Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 28, 2024	Dec. 30, 2023
Current portion of liability for non-cancelable contracts	$ 13,241	$ 11,418
Current portion of accrued restructuring	10,842	3,500
Current portion of operating lease liabilities	7,037	5,571
Contract liabilities	5,816	5,304
Foreign, VAT, and other taxes payable	2,663	6,758
Other accrued liabilities	1,559	3,497
Total accrued liabilities	$ 41,158	$ 36,048

Note 4 - Balance Sheet Compon_6

Note 4 - Balance Sheet Components - Accrued Other Long-Term Liabilities (Details) - USD ($) $ in Thousands	Sep. 28, 2024	Dec. 30, 2023
Long-term portion of uncertain tax positions	$ 22,568	$ 21,888
Long-term portion of liability for non-cancelable contracts	17,538	7,668
Other long-term liabilities	7,254	11,179
Total other long-term liabilities	$ 47,360	$ 40,735

Note 5 - Long-term Debt (Detail

Note 5 - Long-term Debt (Details Textual) - The 2022 Credit Agreement [Member[ - Revolving Credit Facility [Member] - USD ($) $ in Thousands		9 Months Ended
	Sep. 01, 2022	Sep. 28, 2024	Dec. 30, 2023
Debt Instrument, Term (Year)	5 years
Line of Credit Facility, Maximum Borrowing Capacity	$ 350,000
Long-Term Debt, Gross		$ 0	$ 0
Line of Credit Facility, Commitment Fee Percentage		0.20%

Note 5 - Long-term Debt - Inter

Note 5 - Long-term Debt - Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Contractual interest	$ 0	$ 83	$ 0	$ 2,701
Amortization of original issuance discount and debt costs	67	67	200	200
Total interest expense related to long-term debt	$ 67	$ 150	$ 200	$ 2,901

Note 6 - Restructuring (Details

Note 6 - Restructuring (Details Textual) $ in Millions	3 Months Ended	9 Months Ended
Note 6 - Restructuring (Details Textual) $ in Millions	Sep. 28, 2024 USD ($)	Sep. 28, 2024 USD ($)
Q32024 Plan 1Member
Restructuring and Related Cost, Incurred Cost		$ 6.5
Restructuring and Related Cost, Cost Incurred to Date	$ 6.5	6.5
Q3 2023 Plan [Member]
Restructuring and Related Cost, Incurred Cost	0.3	5.3
Restructuring and Related Cost, Cost Incurred to Date	$ 7.3	$ 7.3

Note 6 - Restructuring - Activi

Note 6 - Restructuring - Activity Related to Restructuring Plans (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Accrued Restructuring				$ 6,618	$ 6,932
Restructuring		$ 6,899	$ 1,509	11,182	1,427
Costs paid or otherwise settled				(5,106)	(1,553)
Accrued Restructuring		12,694	6,806	12,694	6,806
Employee Severance [Member]
Accrued Restructuring	[1]			1,490	400
Restructuring	[1]			11,851	1,365
Costs paid or otherwise settled	[1]			(4,012)	(446)
Accrued Restructuring	[1]	9,329	1,319	9,329	1,319
Lease Termination and Fixed Assets [Member]
Accrued Restructuring				4,508	5,892
Restructuring				(49)	58
Costs paid or otherwise settled				(1,094)	(1,083)
Accrued Restructuring		3,365	4,867	3,365	4,867
Other Restructuring [Member]
Accrued Restructuring	[2]			620	640
Restructuring	[2]			(620)	4
Costs paid or otherwise settled	[2]			0	(24)
Accrued Restructuring	[2]	$ 0	$ 620	$ 0	$ 620

[1]Includes employee relocation and outplacement costs[2]Includes termination fees on the cancellation of certain contracts

Note 7 - Leases (Details Textua

Note 7 - Leases (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Note 7 - Leases (Details Textual) - USD ($) $ in Millions	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Operating Lease, Weighted Average Remaining Lease Term (Year)	3 years 1 month 6 days		3 years 1 month 6 days
Operating Lease, Weighted Average Discount Rate, Percent	6%		6%
Operating Lease, Cost	$ 2.1	$ 2	$ 6.4	$ 5.8
Operating Lease Liability for Previously Restructured Facilities	$ 3.4		$ 3.4

Note 7 - Leases - Lease Balance

Note 7 - Leases - Lease Balance Classifications Within the Consolidated Balance Sheets and Lease Activity (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Dec. 30, 2023
Balance	$ 14,487
Right-of-use assets obtained for new lease contracts during the period	7,288
Amortization of right-of-use assets during the period	(5,674)	$ (5,022)
Impairment of right-of use asset during the period (recorded in Restructuring charges)	(384)
Adjustments for present value and foreign currency effects	64
Balance	15,781
Balance	16,310
Lease liabilities accrued for new lease contracts during the period	7,288
Accretion of lease liabilities	764
Operating cash used for payments on lease liabilities	(6,972)	$ (6,179)
Adjustments for present value and foreign currency effects	360
Balance	17,750
Less: Current portion of operating lease liabilities (included in Accrued liabilities)	(7,037)		$ (5,571)
Long-term operating lease liabilities, net of current portion	$ 10,713		$ 10,739

Note 7 - Leases - Maturities of

Note 7 - Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 28, 2024	Dec. 30, 2023
2024 (Remaining quarter)	$ 2,192
2025	6,946
2026	4,642
2027	2,855
2028	2,272
Thereafter	475
Total lease payments	19,382
Less: amount representing interest	(1,632)
Total lease liabilities	$ 17,750	$ 16,310

Note 8 - Intangible Assets (Det

Note 8 - Intangible Assets (Details Textual) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 30, 2023
Finite-Lived Intangible Assets, Accumulated Amortization	$ 148.3	$ 144.9

Note 8 - Intangible Assets - Am

Note 8 - Intangible Assets - Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Amortization of intangible assets	$ 1,169	$ 1,147	$ 3,421	$ 3,427
Research and Development Expense [Member]
Amortization of intangible assets	299	277	812	818
Amortization of Acquired Intangible Assets [Member]
Amortization of intangible assets	$ 870	$ 870	$ 2,609	$ 2,609

Note 9 - Stock-based Compensa_3

Note 9 - Stock-based Compensation (Details Textual) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 28, 2024	Jun. 29, 2024	Mar. 30, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Share-Based Payment Arrangement, Expense	$ 16,598			$ 16,664	$ 38,311	$ 52,408
Restricted Stock Units (RSUs) [Member] \| Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved					75%
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Requisite Service Period (Year)	6 years
Restricted Stock Units (RSUs) [Member] \| Executive Officer [Member] \| Share-Based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved			75%
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Month)	3 years	13 months
Restricted Stock Units (RSUs) [Member] \| Executive Officer [Member] \| Share-Based Payment Arrangement, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions			100%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved			55%
Restricted Stock Units (RSUs) [Member] \| Executive Officer [Member] \| Share-Based Payment Arrangement, Tranche Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved			25%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage			0%
Restricted Stock Units (RSUs) [Member] \| Maximum [Member] \| Executive Officer [Member] \| TSR Relative To PHLX Semiconductor Sector Index, 75th Percentile [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions			250%
Restricted Stock Units (RSUs) [Member] \| Maximum [Member] \| Executive Officer [Member] \| Share-Based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions		250%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved					250%
Share-based Compensation Arrangement by Share-based Payment Award, Percentage, Award Vesting Rights	250%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Sock Price Appreciation	200%
Restricted Stock Units (RSUs) [Member] \| Maximum [Member] \| Executive Officer [Member] \| Share-Based Payment Arrangement, Tranche Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved			75%
Restricted Stock Units (RSUs) [Member] \| Minimum [Member] \| Executive Officer [Member] \| TSR Relative To PHLX Semiconductor Sector Index, 75th Percentile [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions			200%
Restricted Stock Units (RSUs) [Member] \| Minimum [Member] \| Executive Officer [Member] \| Share-Based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Percentage, Award Vesting Rights	25%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Sock Price Appreciation	25%
Restricted Stock Units (RSUs) [Member] \| Minimum [Member] \| Executive Officer [Member] \| Share-Based Payment Arrangement, Tranche Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved			25%
Performance Shares Granted in 2018 [Member] \| Executive Officer [Member] \| Share-Based Payment Arrangement, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved					200%
Performance Shares Granted in 2018 [Member] \| Executive Officer [Member] \| Share-Based Payment Arrangement, Tranche Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved					116.30%
Performance Shares Granted in 2018 [Member] \| Minimum [Member] \| Executive Officer [Member] \| Share-Based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage, Based on Market Conditions					200%
Awards with Market Condition or Performance Condition [Member]
Share-Based Payment Arrangement, Expense	$ 4,500			$ 5,100	$ 16,500	$ 21,000
Share-Based Payment Arrangement, Benefit From Forfeitures	$ 2,900				$ 18,000

Note 9 - Stock-based Compensa_4

Note 9 - Stock-based Compensation - Stock-based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Share-Based Payment Arrangement, Expense	$ 16,598	$ 16,664	$ 38,311	$ 52,408
Cost of Sales [Member]
Share-Based Payment Arrangement, Expense	(62)	1,035	1,593	3,402
Research and Development Expense [Member]
Share-Based Payment Arrangement, Expense	7,995	7,020	21,958	20,006
Selling, General and Administrative Expenses [Member]
Share-Based Payment Arrangement, Expense	$ 8,665	$ 8,609	$ 14,760	$ 29,000

Note 9 - Stock-based Compensa_5

Note 9 - Stock-based Compensation - Share Based Compensation Performance Shares Award Outstanding (Details) - Performance Shares [Member] shares in Thousands	9 Months Ended
	Sep. 30, 2024 shares
Balance, Shares (in shares)	852
Granted, Shares (in shares)	1,641
Effect of vesting multiplier, Shares (in shares)	284
Vested, Shares (in shares)	(541)
Canceled (in shares)	(391)
Balance, Shares (in shares)	1,845

Note 10 - Common Stock Repurc_2

Note 10 - Common Stock Repurchase Program (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023	Nov. 30, 2023
Stock Repurchased and Retired During Period, Value	$ 17,000	$ 9,999	$ 46,807	$ 30,005
Repurchase Program 2024 [Member]
Share Repurchase Program, Authorized, Amount					$ 250,000
Stock Repurchased and Retired During Period, Shares (in shares)	370,309		778,591
Stock Repurchased and Retired During Period, Value	$ 17,000		$ 47,000
Shares Acquired, Average Cost Per Share (in dollars per share)	$ 45.91		$ 60.36
Share Repurchase Program, Remaining Authorized, Amount	$ 203,000		$ 203,000

Note 11 - Income Taxes (Details

Note 11 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023	Dec. 30, 2023
Income Tax Expense (Benefit)	$ 1,024	$ 4,097	$ 5,184	$ 9,097
Decrease in Unrecognized Tax Benefits is Reasonably Possible	36,000		36,000
Other Noncurrent Liabilities [Member]
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 22,600		$ 22,600		$ 21,900
Domestic Tax Jurisdiction [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%		21%

Note 12 - Contingencies (Detail

Note 12 - Contingencies (Details Textual) $ in Millions	May 24, 2024 USD ($)
Action in Oregon in Connection with Sale of Certain Products [Member]
Loss Contingency, Damages Sought, Value	$ 180