Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.22.2.2
Property and Equipment (Tables)
 6 Months Ended
Jul. 03, 2022
Property, Plant and Equipment [Abstract]  
Summary of Property and Equipment and Depreciation Expense
Property and equipment are depreciated or amortized using the straight-line method over the estimated useful lives of the following assets below.
Estimated Useful Life (in Years)
Machinery and equipment 2 - 10
Office equipment and software 3 - 5
Furniture and fixtures 3 - 5
Leasehold improvements Shorter of the economic life or the remaining lease term
Property and equipment as of July 3, 2022 and January 2, 2022, consisted of the following (in thousands):
July 3,
2022		 January 2,
2022
Machinery and equipment $ 47,884  $ 6,636 
Office equipment and software 1,236  918 
Furniture and fixtures 721  639 
Leasehold improvements 23,297  1,878 
Construction in process 23,916  71,133 
Total property and equipment 97,054  81,204 
Less: Accumulated depreciation (6,122) (4,591)
Property and equipment, net $ 90,932  $ 76,613 
The following table summarizes the depreciation and amortization expenses related to property and equipment (in thousands).
Quarters Ended Fiscal Years-to-Date Ended
July 3, 2022 June 30, 2021 July 3, 2022 June 30, 2021
Depreciation expense $ 1,217  $ 234  $ 1,531  $ 375