Annual report [Section 13 and 15(d), not S-K Item 405]

Subsequent Events

v3.25.0.1
Subsequent Events
12 Months Ended
Dec. 28, 2024
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

19. SUBSEQUENT EVENTS

The company evaluated subsequent events through the date the consolidated financial statements were issued. The Company did not identify any subsequent events that would require adjustment.

In January 2025, the Company began the early phases of restructuring the Helios Center of Engineering Excellence (“HCEE”), with the intention to close the San Antonio office in 2025 and reassign resources to the operations at our other major facilities across the business. HCEE was formed following the acquisition of all the assets of BJN Technologies, LLC back in January 2021. There was no financial impact to operations resulting from this restructuring in 2024 and management is undergoing the evaluation of potential financial impacts in 2025 as the next phases of the restructuring plan begin.