Post-effective amendment to a registration statement that is not immediately effective upon filing

Summary of Significant Accounting Policies (Tables)

v3.22.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jan. 02, 2022
Accounting Policies [Abstract]  
Schedule of property and equipment estimated useful life
Property and equipment are stated at the Company’s original cost, net of accumulated depreciation. Construction in progress is related to the construction or development of property and equipment that have not yet been placed in service for their intended use. Depreciation is calculated using the straight-line method over the estimated useful lives of the following assets below. Leasehold improvements at the leased locations are amortized over the shorter of its lease term or its estimated useful lives.
 
    
Useful Life (Years)
Process equipment
   5
Office equipment
   5
Furniture and fixtures
   5
Leasehold improvements
   Shorter of the economic life or the
remaining lease term
Effect of adoption of ASC 842
The effect of the adoption of ASC 842 on the Consolidated Balance Sheet as of January 1, 2021 was as follows (in thousands):
 
    
December 31,
2020
    
Adjustments
from
Adoption
of ASC 842
    
January 1,
2021
 
Operating lease,
right-of-use
assets
   $ —        $ 6,873      $ 6,873  
Other liabilities
     14        (14      —    
Deferred rent,
non-current
     1,567        (1,567      —    
Operating lease liabilities,
non-current
     —          8,551        8,551