0001437749-24-013962 | 10-Q | XBRL Viewer | Lattice Semiconductor Corp

Print Document

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Net income	$ 14,796	$ 55,923
Other comprehensive income (loss):
Translation adjustment	(474)	189
Comprehensive income	$ 14,322	$ 56,112

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-6

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-10

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-7

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

Note 7 - Leases

3 Months Ended

Mar. 30, 2024

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

Note 7 - Leases

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, with a weighted-average remaining lease term of 3.6 years and a weighted-average discount rate of 6.0% as of March 30, 2024.

We recorded fixed operating lease expenses of $2.1 million and $1.9 million for the first quarter of fiscal 2024 and 2023, respectively.

The following table presents the lease balance classifications within the Consolidated Balance Sheets and summarizes their activity during the first three months of fiscal 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		4,684
Amortization of right-of-use assets during the period		(1,865	)
Adjustments for present value and foreign currency effects		(267	)
Balance as of March 30, 2024	$	17,039

Operating lease liabilities	(In thousands)
Balance as of December 30, 2023	$	16,310
Lease liabilities incurred for new lease contracts during the period		4,684
Accretion of lease liabilities		268
Operating cash used for payments on lease liabilities		(2,099	)
Adjustments for present value and foreign currency effects		(299	)
Balance as of March 30, 2024		18,864
Less: Current portion of operating lease liabilities (included in Accrued liabilities)		(6,065	)
Long-term operating lease liabilities, net of current portion	$	12,799

Maturities of operating lease liabilities as of March 30, 2024 are as follows:

Fiscal year	(In thousands)
2024 (Remaining 3 quarters)	$	5,114
2025		6,098
2026		4,492
2027		2,783
2028		2,232
Thereafter		447
Total lease payments		21,166
Less: amount representing interest		(2,302	)
Total lease liabilities	$	18,864

Lease obligations for facilities restructured prior to the adoption of Topic 842 totaled approximately $4.1 million at March 30, 2024 and is recorded in Accrued liabilities and in Other long-term liabilities on our Consolidated Balance Sheets.

Note 12 - Contingencies	3 Months Ended
Mar. 30, 2024
Notes to Financial Statements
Contingencies Disclosure [Text Block]	Note 12 - Contingencies Legal Proceedings On or about December 19, 2018, Steven De Jaray, Perienne De Jaray and Darrell Oswald (collectively, the “Plaintiffs”) commenced an action against the Company in the Multnomah County Circuit Court of the State of Oregon, in connection with the sale of certain products by the Company to the Plaintiffs in or around 2008. The Plaintiffs alleged the Company violated the Lanham Act, engaged in negligence, fraud, and breach of contract by failing to disclose to the Plaintiffs the export-controlled status of the subject parts. In January 2019, we removed the action to the United States District Court for the District of Oregon (the “Court”). On May 24, 2023, the Plaintiffs filed a second amended complaint, which added Apex-Micro Manufacturing Corporation (“Apex-Micro”) as a plaintiff and removed the violation of the Lanham Act claim. The Plaintiffs sought damages of $180 million, punitive damages, and other remedies. On January 18, 2024, the court dismissed the claims against the Company by Ms. De Jaray and Mr. Oswald. The trial for the remaining claims was held from January 30, 2024 to February 15, 2024. On February 13, 2024, the Court granted the Company’s Rule 50 motion in part and entered judgment in the Company’s favor as to all of Mr. De Jaray’s claims and Apex-Micro’s negligence claims. On February 15, 2024, the jury found that the Company was not liable for all outstanding claims and judgment was entered in favor of the Company. On March 15, 2024, Mr. De Jaray and Apex-Micro filed a Notice of Appeal to the United States Court of Appeals for the Ninth Circuit. On March 18, 2024, Ms. De Jaray filed a separate Notice of Appeal . The plaintiffs’ appeal opening brief is currently due June 10, 2024. The Company will file an appeal answering brief. 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 revise estimates.

Note 12 - Contingencies

3 Months Ended

Mar. 30, 2024

Notes to Financial Statements

Contingencies Disclosure [Text Block]

Note 12 - Contingencies

Legal Proceedings

On or about December 19, 2018, Steven De Jaray, Perienne De Jaray and Darrell Oswald (collectively, the “Plaintiffs”) commenced an action against the Company in the Multnomah County Circuit Court of the State of Oregon, in connection with the sale of certain products by the Company to the Plaintiffs in or around 2008. The Plaintiffs alleged the Company violated the Lanham Act, engaged in negligence, fraud, and breach of contract by failing to disclose to the Plaintiffs the export-controlled status of the subject parts. In January 2019, we removed the action to the United States District Court for the District of Oregon (the “Court”). On May 24, 2023, the Plaintiffs filed a second amended complaint, which added Apex-Micro Manufacturing Corporation (“Apex-Micro”) as a plaintiff and removed the violation of the Lanham Act claim. The Plaintiffs sought damages of $180 million, punitive damages, and other remedies. On January 18, 2024, the court dismissed the claims against the Company by Ms. De Jaray and Mr. Oswald. The trial for the remaining claims was held from January 30, 2024 to February 15, 2024. On February 13, 2024, the Court granted the Company’s Rule 50 motion in part and entered judgment in the Company’s favor as to all of Mr. De Jaray’s claims and Apex-Micro’s negligence claims. On February 15, 2024, the jury found that the Company was not liable for all outstanding claims and judgment was entered in favor of the Company. On March 15, 2024, Mr. De Jaray and Apex-Micro filed a Notice of Appeal to the United States Court of Appeals for the Ninth Circuit. On March 18, 2024, Ms. De Jaray filed a separate Notice of Appeal . The plaintiffs’ appeal opening brief is currently due June 10, 2024. The Company will file an appeal answering brief.

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 revise estimates.

- Definition

The entire disclosure for loss and gain contingencies. Describes any existing condition, situation, or set of circumstances involving uncertainty as of the balance sheet date (or prior to issuance of the financial statements) as to a probable or reasonably possible loss incurred by an entity that will ultimately be resolved when one or more future events occur or fail to occur, and typically discloses the amount of loss recorded or a range of possible loss, or an assertion that no reasonable estimate can be made.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 720
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483359/720-20-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.Y.Q4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480102/450-20-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.Y.Q2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480102/450-20-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/450-20/tableOfContent

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-4

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-9

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/450-30/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483049/450-30-50-1

+ Details

Note 8 - Intangible Assets (Tables)

3 Months Ended

Mar. 30, 2024

Notes Tables

Finite-Lived Intangible Assets Amortization Expense [Table Text Block]

	*Three Months Ended*
	*March 30,*		*April 1,*
(In thousands)	*2024*		*2023*
Research and development	$	266	$	270
Amortization of acquired intangible assets		870		870
	$	1,136	$	1,140

Note 4 - Balance Sheet Components - Accounts Receivable (Details) - USD ($) $ in Thousands	Mar. 30, 2024	Dec. 30, 2023
Accounts receivable	$ 98,940	$ 104,373
Less: Allowance for credit losses	0	0
Accounts receivable, net of allowance for credit losses	$ 98,940	$ 104,373

Note 3 - Revenue From Contracts With Customers - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Revenue	$ 140,815	$ 184,310
Percentage of revenue	100.00%	100.00%
CHINA
Revenue	$ 56,872	$ 55,722
Percentage of revenue	40.00%	30.00%
JAPAN
Revenue	$ 24,988	$ 30,017
Percentage of revenue	18.00%	16.00%
Other Asia [Member]
Revenue	$ 10,568	$ 20,016
Percentage of revenue	8.00%	11.00%
Asia [Member]
Revenue	$ 92,428	$ 105,755
Percentage of revenue	66.00%	57.00%
Americas [Member]
Revenue	$ 31,980	$ 41,903
Percentage of revenue	22.00%	23.00%
Europe [Member]
Revenue	$ 16,407	$ 36,652
Percentage of revenue	12.00%	20.00%
Product [Member] \| Sales Channel, Through Intermediary [Member]
Revenue	$ 123,205	$ 161,346
Percentage of revenue	87.00%	88.00%
Product [Member] \| Sales Channel, Directly to Consumer [Member]
Revenue	$ 17,610	$ 22,964
Percentage of revenue	13.00%	12.00%

Note 6 - Restructuring (Details Textual) - Q3 2023 Plan [Member] $ in Millions	3 Months Ended
	Mar. 30, 2024 USD ($)
Restructuring and Related Cost, Incurred Cost	$ 2.3
Restructuring and Related Cost, Cost Incurred to Date	$ 4.3

Note 11 - Income Taxes

3 Months Ended

Mar. 30, 2024

Notes to Financial Statements

Income Tax Disclosure [Text Block]

Note 11 - Income Taxes

We are subject to federal and state income tax as well as income tax in the foreign jurisdictions in which we operate. For the first quarter of fiscal 2024 and 2023, we recorded income tax expense of approximately $3.0 million and $2.6 million, respectively. Income taxes for the three-month period ended March 30, 2024 and April 1, 2023 represent tax at the federal, state, and foreign statutory tax rates in addition to federal tax credits, withholding taxes, excess benefits from stock compensation, as well as other non-deductible items in federal, state, and foreign jurisdictions. The difference between the U.S. federal statutory tax rate of 21% and our effective tax rates for the three months ended March 30, 2024 resulted primarily from non-deductible items in federal, state, and foreign jurisdictions, foreign rate differentials, federal tax credits, and the discrete impacts of excess tax benefits from stock compensation and for the three months ended April 1, 2023 resulted primarily from U.S. valuation allowance, foreign withholding taxes, foreign rate differentials, and the discrete impacts of excess tax benefits from stock compensation.

The portion of our uncertain tax positions (including penalties and interest) recorded as a liability was $22.2 million and $21.9 million at March 30, 2024 and December 30, 2023, respectively, and is included as a component of Other long-term liabilities on our Consolidated Balance Sheets. The resolution of audits or expiration of statute of limitations could reduce our uncertain tax positions. The estimated potential reduction in our uncertain tax positions in the next 12 months is up to $36.0 million.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 30, 2024	Dec. 30, 2023
Current assets:
Cash and cash equivalents	$ 107,466	$ 128,317
Accounts receivable, net of allowance for credit losses	98,940	104,373
Inventories, net	95,384	98,826
Prepaid expenses and other current assets	38,948	36,430
Total current assets	340,738	367,946
Property and equipment, less accumulated depreciation of $115,560 at March 30, 2024 and $125,856 at December 30, 2023	51,390	49,546
Operating lease right-of-use assets	17,039	14,487
Intangible assets, net	19,888	20,974
Goodwill	315,358	315,358
Deferred income taxes	57,111	57,762
Other long-term assets	14,075	14,821
Total assets	815,599	840,894
Current liabilities:
Accounts payable	33,069	34,487
Accrued liabilities	32,049	36,048
Accrued payroll obligations	16,443	26,865
Total current liabilities	81,561	97,400
Long-term operating lease liabilities, net of current portion	12,799	10,739
Other long-term liabilities	38,577	40,735
Total liabilities	132,937	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; 137,538,000 shares issued and outstanding as of March 30, 2024 and 137,340,000 shares issued and outstanding as of December 30, 2023	1,375	1,373
Additional paid-in capital	521,904	545,586
Retained earnings	162,763	147,967
Accumulated other comprehensive loss	(3,380)	(2,906)
Total stockholders' equity	682,662	692,020
Total liabilities and stockholders' equity	$ 815,599	$ 840,894

Note 6 - Restructuring - Activity Related to Restructuring Plans (Details) - USD ($)
$ in Thousands

3 Months Ended

Mar. 30, 2024

Apr. 01, 2023

Accrued Restructuring

$ 6,618

$ 6,932

Restructuring

1,704

Costs paid or otherwise settled

(3,333)

(472)

Accrued Restructuring

4,989

6,490

Employee Severance [Member]

Accrued Restructuring

^[1]

1,490

400

Restructuring

2,341

(1)

Costs paid or otherwise settled

^[1]

(2,979)

(107)

Accrued Restructuring

^[1]

852

292

Lease Termination and Fixed Assets [Member]

Accrued Restructuring

4,508

5,892

Restructuring

(17)

Costs paid or otherwise settled

(354)

(363)

Accrued Restructuring

4,137

5,560

Other Restructuring [Member]

Accrued Restructuring

^[2]

620

640

Restructuring

(620)

Costs paid or otherwise settled

^[2]

(2)

Accrued Restructuring

^[2]

$ 0

$ 638

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

Note 12 - Contingencies (Details Textual) $ in Millions	May 24, 2023 USD ($)
Action in Oregon in Connection with Sale of Certain Products [Member]
Loss Contingency, Damages Sought, Value	$ 180

Note 8 - Intangible Assets

3 Months Ended

Mar. 30, 2024

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

Note 8 - Intangible Assets

In connection with our past acquisitions, we have recorded identifiable intangible assets. On our Consolidated Balance Sheets at March 30, 2024 and December 30, 2023, Intangible assets, net are shown net of accumulated amortization of $146.0 million and $144.9 million, respectively. Additionally, we enter into license agreements for third-party technology and record them as intangible assets. These licenses are being amortized to Research and development expense over their estimated useful lives.

We recorded amortization expense related to intangible assets on the Consolidated Statements of Operations as presented in the following table:

	*Three Months Ended*
	*March 30,*		*April 1,*
(In thousands)	*2024*		*2023*
Research and development	$	266	$	270
Amortization of acquired intangible assets		870		870
	$	1,136	$	1,140

Note 4 - Balance Sheet Components - Accrued Liabilities (Details) - USD ($) $ in Thousands	Mar. 30, 2024	Dec. 30, 2023
Liability for non-cancelable contracts	$ 10,520	$ 11,418
Contract liabilities	6,491	5,304
Foreign, VAT, and other taxes payable	4,809	6,758
Other accrued liabilities	4,164	6,997
Total accrued liabilities	32,049	36,048
Accrued Liabilities [Member]
Current portion of operating lease liabilities	$ 6,065	$ 5,571

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	55,923	0	55,923
Other comprehensive income (loss)	0	0	0	189	189
Total comprehensive income					56,112
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes (in shares)	657,000
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes	$ 6	(32,558)	0	0	(32,552)
Stock-based compensation expense	$ 0	14,255	0	0	14,255
Repurchase of common stock (in shares)	(119,000)
Repurchase of common stock	$ (1)	(10,003)	0	0	(10,004)
Balances (in shares) at Apr. 01, 2023	137,637,000
Balances at Apr. 01, 2023	$ 1,376	570,994	(55,171)	(2,225)	$ 514,974
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	14,796	0	14,796
Other comprehensive income (loss)	0	0	0	(474)	(474)
Total comprehensive income					14,322
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes (in shares)	463,000
Common stock issued in connection with employee equity incentive plans, net of shares withheld for employee taxes	$ 5	(22,179)	0	0	(22,174)
Stock-based compensation expense	$ 0	18,494	0	0	18,494
Repurchase of common stock (in shares)	(265,000)
Repurchase of common stock	$ (3)	(19,997)	0	0	$ (20,000)
Balances (in shares) at Mar. 30, 2024	137,538,000				137,538,000
Balances at Mar. 30, 2024	$ 1,375	$ 521,904	$ 162,763	$ (3,380)	$ 682,662

Note 9 - Stock-based Compensation (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Share-Based Payment Arrangement, Expense	$ 18,494	$ 14,255
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	75.00%
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	75.00%
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	100.00%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Of Market Condition Achieved	55.00%
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	25.00%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	0.00%
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	250.00%
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	25.00%
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	200.00%
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 Of Market Condition Achieved	250.00%
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	75.00%
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	200.00%
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	200.00%
Awards with Market Condition or Performance Condition [Member]
Share-Based Payment Arrangement, Expense	$ 5,900	$ 4,900

Note 2 - Net Income Per Share (Tables)

3 Months Ended

Mar. 30, 2024

Notes Tables

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	*Three Months Ended*
	*March 30,*		*April 1,*
(In thousands, except per share data)	*2024*		*2023*
Net income	$	14,796	$	55,923

Shares used in basic Net income per share		137,475		137,418
Dilutive effect of stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition		1,299		2,683
Shares used in diluted Net income per share		138,774		140,101

Basic Net income per share	$	0.11	$	0.41
Diluted Net income per share	$	0.11	$	0.40

	*Three Months Ended*
	*March 30,*		*April 1,*
(In thousands)	*2024*		*2023*
Stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition excluded as they are antidilutive		950		141

Note 1 - Basis of Presentation (Details Textual) - Sell-through Distributors Concentration Risk [Member]	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Revenue Benchmark [Member] \| Distributors [Member]
Concentration Risk, Percentage	87.00%	88.00%
Accounts Receivable [Member]
Number of Distributors	3	3
Accounts Receivable [Member] \| Large Distributor One [Member]
Concentration Risk, Percentage	42.00%	36.00%
Accounts Receivable [Member] \| Large Distributor Two [Member]
Concentration Risk, Percentage	30.00%	29.00%
Accounts Receivable [Member] \| Third Largest Distributor [Member]
Concentration Risk, Percentage	10.00%	18.00%

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 30, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	ITEM 5. OTHER INFORMATION *Rule 10b5-1 Trading Plans* During the first quarter of fiscal 2024, no executive officer or director adopted a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement.
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Note 2 - Net Income Per Share

3 Months Ended

Mar. 30, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 2 - Net Income per Share

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. For equity awards with a performance condition, the number of shares that qualified for vesting as of the end of each period presented are included in the diluted share count when the condition for their issuance was satisfied by the end of the respective reporting periods. See "Note 9 - Stock-Based Compensation" 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*
	*March 30,*		*April 1,*
(In thousands, except per share data)	*2024*		*2023*
Net income	$	14,796	$	55,923

Shares used in basic Net income per share		137,475		137,418
Dilutive effect of stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition		1,299		2,683
Shares used in diluted Net income per share		138,774		140,101

Basic Net income per share	$	0.11	$	0.41
Diluted Net income per share	$	0.11	$	0.40

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*
	*March 30,*		*April 1,*
(In thousands)	*2024*		*2023*
Stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition excluded as they are antidilutive		950		141

Note 9 - Stock-based Compensation

3 Months Ended

Mar. 30, 2024

Notes to Financial Statements

Share-Based Payment Arrangement [Text Block]

Note 9 - Stock-Based Compensation

Total stock-based compensation expense included in our Consolidated Statements of Operations is presented in the following table:

	*Three Months Ended*
	*March 30,*		*April 1,*
(In thousands)	*2024*		*2023*
Cost of revenue	$	855	$	953
Research and development		8,098		5,339
Selling, general, and administrative		9,541		7,963
Total stock-based compensation	$	18,494	$	14,255

Market-Based and Performance-Based Stock Compensation

In the first quarter of fiscal 2024, we granted awards of RSUs with a market condition to certain executives. Under the terms of these grants, the RSUs with a market condition vest over a three-year period based on the Company’s total shareholder return ("TSR") relative to the Russell 3000 index, which condition is measured for the grants on the third anniversary of the grant date. The awards may vest at 250% or 200%, depending on the executive, if the 75th percentile of the market condition is achieved, with 100% of the units vesting at the 55th percentile, zero vesting if relative TSR is below the 25th percentile, and vesting scaling for achievement between the 25th and 75th percentile.

In the first three months of fiscal 2024, certain awards with a market condition or performance condition granted in prior fiscal years vested. During the first quarter of fiscal 2024, the market condition for awards granted to certain executives in the first quarter of fiscal 2021 exceeded the 75th percentile of their TSR condition, and these awards vested at 250% or 200%, as applicable for the respective executive. Also during the first quarter of fiscal 2024, the second tranche of awards granted in fiscal 2021 and 2022 with a performance condition vested. Under the terms of these grants, the RSUs with a performance condition will vest based on the Company generating specified levels of year-over-year revenue growth, which are measured annually for one-fourth of the grants after each fiscal year-end through the end of fiscal 2024, with vesting of each tranche occurring 13 months after the performance condition is met. Vesting of these awards scales for achievement of year-over-year revenue growth compared to certain targets, with maximum vesting up to 200%. The second tranche of these awards vested at the 200% level of achievement, as the Company met the maximum year-over-year revenue growth performance criteria as of December 31, 2022. For the third tranche of these awards, the Company met the year-over-year revenue growth performance criteria at the 116.3% level of achievement as of December 30, 2023.

For our awards with a market condition or a performance condition, we incurred stock compensation expense of approximately $5.9 million and $4.9 million in the first quarter of fiscal 2024 and 2023, respectively, which is recorded as a component of total stock-based compensation.

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		194
Effect of vesting multiplier		284
Vested		(541	)
Cancelled		(5	)
Balance, March 30, 2024		784

Note 3 - Revenue From Contracts With Customers (Tables)

3 Months Ended

Mar. 30, 2024

Notes Tables

Disaggregation of Revenue [Table Text Block]

	*Three Months Ended*
*Revenue by Channel*	*March 30,*				*April 1,*
(In thousands)	*2024*				*2023*
Distributors	$	123,205	87	%	$	161,346	88	%
Direct		17,610	13	%		22,964	12	%
Total revenue	$	140,815	100	%	$	184,310	100	%

*Revenue by Geographical Market*
(In thousands)
China		56,872	40	%		55,722	30	%
Japan		24,988	18	%		30,017	16	%
Other Asia		10,568	8	%		20,016	11	%
Asia		92,428	66	%		105,755	57	%
Americas		31,980	22	%		41,903	23	%
Europe		16,407	12	%		36,652	20	%
Total revenue	$	140,815	100	%	$	184,310	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		3,947
Transferred to Accounts receivable or collected		(418	)
Contract assets as of March 30, 2024	$	14,723

(In thousands)
Contract liabilities as of December 30, 2023	$	5,304
Accruals for estimated future stock rotation and scrap returns		4,551
Less: Release of accruals for recognized stock rotation and scrap returns		(3,364	)
Contract liabilities as of March 30, 2024	$	6,491

Note 5 - Long-term Debt

3 Months Ended

Mar. 30, 2024

Notes to Financial Statements

Long-Term Debt [Text Block]

Note 5 - Long-Term Debt

On September 1, 2022, we entered into an Amended and Restated Credit Agreement (the “2022 Credit Agreement”), which provides for a five-year secured revolving loan facility with an aggregate principal amount of up to $350 million.

The revolving loans under the 2022 Credit Agreement may be repaid and reborrowed at our discretion, with any remaining outstanding principal amount due and payable on the maturity date of the revolving loan on September 1, 2027. At March 30, 2024 and December 30, 2023, we had no borrowings outstanding under the 2022 Credit Agreement, as we paid off the outstanding balance of our revolving loans during the third quarter of fiscal 2023.

We pay a quarterly commitment fee of 0.20% on the unused portion of the revolving facility. Interest expense related to our long-term debt was included in Interest expense on our Consolidated Statements of Operations as follows:

	*Three Months Ended*
	*March 30,*		*April 1,*
(In thousands)	*2024*		*2023*
Contractual interest	$	-	$	1,785
Amortization of original issuance discount and debt costs		67		67
Total interest expense related to long-term debt	$	67	$	1,852

Note 7 - Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Mar. 30, 2024	Dec. 30, 2023
2024 (Remaining 3 quarters)	$ 5,114
2025	6,098
2026	4,492
2027	2,783
2028	2,232
Thereafter	447
Total lease payments	21,166
Less: amount representing interest	(2,302)
Total lease liabilities	$ 18,864	$ 16,310

Note 5 - Long-term Debt (Details Textual) - The 2022 Credit Agreement [Member[ - Revolving Credit Facility [Member] - USD ($) $ in Thousands		3 Months Ended
	Sep. 01, 2022	Mar. 30, 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 8 - Intangible Assets - Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Amortization of intangible assets	$ 1,136	$ 1,140
Research and Development Expense [Member]
Amortization of intangible assets	266	270
Amortization of Acquired Intangible Assets [Member]
Amortization of intangible assets	$ 870	$ 870

Note 9 - Stock-based Compensation (Tables)

3 Months Ended

Mar. 30, 2024

Notes Tables

Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]

	*Three Months Ended*
	*March 30,*		*April 1,*
(In thousands)	*2024*		*2023*
Cost of revenue	$	855	$	953
Research and development		8,098		5,339
Selling, general, and administrative		9,541		7,963
Total stock-based compensation	$	18,494	$	14,255

Share-Based Payment Arrangement, Performance Shares, Outstanding Activity [Table Text Block]

(Shares in thousands)	*Total*
Balance, December 30, 2023		852
Granted		194
Effect of vesting multiplier		284
Vested		(541	)
Cancelled		(5	)
Balance, March 30, 2024		784

Note 4 - Balance Sheet Components (Tables)

3 Months Ended

Mar. 30, 2024

Notes Tables

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	*March 30,*		*December 30,*
(In thousands)	*2024*		*2023*
Accounts receivable	$	98,940	$	104,373
Less: Allowance for credit losses		—		—
Accounts receivable, net of allowance for credit losses	$	98,940	$	104,373

Schedule of Inventory, Current [Table Text Block]

	*March 30,*		*December 30,*
(In thousands)	*2024*		*2023*
Work in progress	$	67,605	$	65,396
Finished goods		27,779		33,430
Total inventories, net	$	95,384	$	98,826

Property, Plant and Equipment [Table Text Block]

	*March 30,*		*December 30,*
(In thousands)	*2024*		*2023*
United States	$	31,917	$	29,467

Taiwan		9,152		10,222
Philippines		4,918		4,602
China		2,762		2,778
Other		2,641		2,477
Total foreign property and equipment, net		19,473		20,079
Total property and equipment, net	$	51,390	$	49,546

Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]

	*March 30,*		*December 30,*
(In thousands)	*2024*		*2023*
Liability for non-cancelable contracts	$	10,520	$	11,418
Contract liabilities		6,491		5,304
Current portion of operating lease liabilities		6,065		5,571
Foreign, VAT, and other taxes payable		4,809		6,758
Other accrued liabilities		4,164		6,997
Total accrued liabilities	$	32,049	$	36,048

Significant Accounting Policies (Policies)	3 Months Ended
Significant Accounting Policies (Policies)	Mar. 30, 2024
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	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-K for the year ended December 30, 2023 ("2023 10-K").
Use of Estimates, Policy [Policy Text Block]	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 differ materially from these estimates under different assumptions or conditions. We evaluate our estimates and judgments on an ongoing basis. We describe our accounting methods and practices in more detail in our 2023 10-K. There have been no changes to the significant accounting policies, procedures, or general information described in our 2023 10-K that have had a material impact on our consolidated financial statements and related notes. 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 or 53-week fiscal year ending on the Saturday closest to December 31. Our fiscal 2024 will be a 52-week year and will end on December 28, 2024, and our fiscal 2023 was a 52-week year that ended December 30, 2023. Our first quarter of fiscal 2024 and first quarter of fiscal 2023 ended on March 30, 2024 and April 1, 2023, respectively. All references to quarterly financial results are references to the results for the relevant 13-week fiscal period.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations of Risk Potential exposure to concentrations of risk may impact revenue and accounts receivable. Distributors have historically accounted for a significant portion of our total revenue. Revenue attributable to distributors as a percentage of total revenue was 87% and 88% for the first quarters of fiscal 2024 and 2023, respectively. Distributors also account for a substantial portion of our net accounts receivable. Our three largest distributors accounted for 42%, 30%, and 10% of net accounts receivable at March 30, 2024 and 36%, 29%, and 18% of net accounts receivable at December 30, 2023.

Note 6 - Restructuring

3 Months Ended

Mar. 30, 2024

Notes to Financial Statements

Restructuring and Related Activities Disclosure [Text Block]

Note 6 - Restructuring

Under the Q3 2023 Plan, which is described in the 2023 10-K, we incurred restructuring costs of approximately $2.3 million during the first quarter of fiscal 2024. Under this plan, approximately $4.3 million of total costs have been incurred through March 30, 2024. The Q3 2023 plan is expected to be largely complete by the end of fiscal year 2024.

Other restructuring activity in the periods presented consisted of expense adjustments on previous plans. These costs, and adjustments on previous 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		2,341			(17	)		(620	)		1,704
Costs paid or otherwise settled		(2,979	)		(354	)		—			(3,333	)
Accrued Restructuring at March 30, 2024	$	852		$	4,137		$	—		$	4,989

Accrued Restructuring at December 31, 2022	$	400		$	5,892		$	640		$	6,932
Restructuring		(1	)		31			—			30
Costs paid or otherwise settled		(107	)		(363	)		(2	)		(472	)
Accrued Restructuring at April 1, 2023	$	292		$	5,560		$	638		$	6,490

(1)

Includes employee relocation and outplacement costs

(2)

Includes termination fees on the cancellation of certain contracts

Note 7 - Leases (Details Textual) - USD ($) $ in Millions	3 Months Ended
Note 7 - Leases (Details Textual) - USD ($) $ in Millions	Mar. 30, 2024	Apr. 01, 2023
Operating Lease, Weighted Average Remaining Lease Term (Year)	3 years 7 months 6 days
Operating Lease, Weighted Average Discount Rate, Percent	6.00%
Operating Lease, Cost	$ 2.1	$ 1.9
Operating Lease Liability for Previously Restructured Facilities	$ 4.1

Note 3 - Revenue From Contracts With Customers - Contract Balance (Details) $ in Thousands	3 Months Ended
	Mar. 30, 2024 USD ($)
Contract assets, balance	$ 11,194
Revenues recorded during the period	3,947
Transferred to Accounts receivable or collected	(418)
Contract assets, balance	14,723
Contract liabilities, balance	5,304
Accruals for estimated future stock rotation and scrap returns	4,551
Less: Release of accruals for recognized stock rotation and scrap returns	(3,364)
Contract liabilities, balance	$ 6,491

Note 1 - Basis of Presentation

3 Months Ended

Mar. 30, 2024

Notes to Financial Statements

Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]

Note 1 - Basis of Presentation

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-K for the year ended December 30, 2023 ("2023 10-K").

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 differ materially from these estimates under different assumptions or conditions. We evaluate our estimates and judgments on an ongoing basis.

We describe our accounting methods and practices in more detail in our 2023 10-K. There have been no changes to the significant accounting policies, procedures, or general information described in our 2023 10-K that have had a material impact on our consolidated financial statements and related notes. Certain prior year balances have been reclassified to conform to the current year’s presentation.

Fiscal Reporting Periods

We report based on a 52 or 53-week fiscal year ending on the Saturday closest to December 31. Our fiscal 2024 will be a 52-week year and will end on December 28, 2024, and our fiscal 2023 was a 52-week year that ended December 30, 2023. Our first quarter of fiscal 2024 and first quarter of fiscal 2023 ended on March 30, 2024 and April 1, 2023, respectively. All references to quarterly financial results are references to the results for the relevant 13-week fiscal period.

Concentrations of Risk

Potential exposure to concentrations of risk may impact revenue and accounts receivable. Distributors have historically accounted for a significant portion of our total revenue. Revenue attributable to distributors as a percentage of total revenue was 87% and 88% for the first quarters of fiscal 2024 and 2023, respectively. Distributors also account for a substantial portion of our net accounts receivable. Our three largest distributors accounted for 42%, 30%, and 10% of net accounts receivable at March 30, 2024 and 36%, 29%, and 18% of net accounts receivable at December 30, 2023.

Note 4 - Balance Sheet Components

3 Months Ended

Mar. 30, 2024

Notes to Financial Statements

Supplemental Balance Sheet Disclosures [Text Block]

Note 4 - Balance Sheet Components

Accounts Receivable

Accounts receivable do not bear interest and are shown net of an allowance for expected lifetime credit losses, which reflects our best estimate of probable losses inherent in the accounts receivable balance, as described in our 2023 10-K.

	*March 30,*		*December 30,*
(In thousands)	*2024*		*2023*
Accounts receivable	$	98,940	$	104,373
Less: Allowance for credit losses		—		—
Accounts receivable, net of allowance for credit losses	$	98,940	$	104,373

Inventories

	*March 30,*		*December 30,*
(In thousands)	*2024*		*2023*
Work in progress	$	67,605	$	65,396
Finished goods		27,779		33,430
Total inventories, net	$	95,384	$	98,826

Property and Equipment – Geographic Information

Our Property and equipment, net by country at the end of each period was as follows:

	*March 30,*		*December 30,*
(In thousands)	*2024*		*2023*
United States	$	31,917	$	29,467

Taiwan		9,152		10,222
Philippines		4,918		4,602
China		2,762		2,778
Other		2,641		2,477
Total foreign property and equipment, net		19,473		20,079
Total property and equipment, net	$	51,390	$	49,546

Accrued Liabilities

Included in Accrued liabilities in the Consolidated Balance Sheets are the following balances:

	*March 30,*		*December 30,*
(In thousands)	*2024*		*2023*
Liability for non-cancelable contracts	$	10,520	$	11,418
Contract liabilities		6,491		5,304
Current portion of operating lease liabilities		6,065		5,571
Foreign, VAT, and other taxes payable		4,809		6,758
Other accrued liabilities		4,164		6,997
Total accrued liabilities	$	32,049	$	36,048

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Cash flows from operating activities:
Net income	$ 14,796	$ 55,923
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	9,129	8,090
Stock-based compensation expense	18,494	14,255
Change in deferred income tax provision	510	(388)
Amortization of right-of-use assets	1,865	1,657
Other non-cash adjustments	67	45
Changes in assets and liabilities:
Accounts receivable, net	5,433	3,196
Inventories, net	3,442	(6,704)
Prepaid expenses and other assets	(3,598)	368
Accounts payable	(1,418)	(1,193)
Accrued liabilities	(6,657)	(7,498)
Accrued payroll obligations	(10,422)	(21,216)
Operating lease liabilities, current and long-term portions	(2,130)	(1,671)
Net cash provided by (used in) operating activities	29,511	44,864
Cash flows from investing activities:
Capital expenditures	(3,426)	(8,414)
Cash paid for software and intellectual property licenses	(4,321)	(2,615)
Net cash provided by (used in) investing activities	(7,747)	(11,029)
Cash flows from financing activities:
Restricted stock unit tax withholdings	(22,719)	(33,787)
Proceeds from issuance of common stock	545	1,235
Repurchase of common stock	(20,000)	(10,004)
Repayment of long-term debt	0	(25,000)
Net cash provided by (used in) financing activities	(42,174)	(67,556)
Effect of exchange rate change on cash	(441)	135
Net increase (decrease) in cash and cash equivalents	(20,851)	(33,586)
Beginning cash and cash equivalents	128,317	145,722
Ending cash and cash equivalents	107,466	112,136
Supplemental disclosure of cash flow information and non-cash investing and financing activities:
Interest paid	0	1,849
Income taxes paid, net of refunds	1,249	413
Operating lease payments	2,099	2,000
Accrued purchases of plant and equipment	3,361	399
Operating lease right-of-use assets obtained in exchange for lease obligations	$ 4,684	$ 40

Note 6 - Restructuring (Tables)

3 Months Ended

Mar. 30, 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		2,341			(17	)		(620	)		1,704
Costs paid or otherwise settled		(2,979	)		(354	)		—			(3,333	)
Accrued Restructuring at March 30, 2024	$	852		$	4,137		$	—		$	4,989

Accrued Restructuring at December 31, 2022	$	400		$	5,892		$	640		$	6,932
Restructuring		(1	)		31			—			30
Costs paid or otherwise settled		(107	)		(363	)		(2	)		(472	)
Accrued Restructuring at April 1, 2023	$	292		$	5,560		$	638		$	6,490

Note 7 - Leases (Tables)

3 Months Ended

Mar. 30, 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		4,684
Amortization of right-of-use assets during the period		(1,865	)
Adjustments for present value and foreign currency effects		(267	)
Balance as of March 30, 2024	$	17,039

Operating lease liabilities	(In thousands)
Balance as of December 30, 2023	$	16,310
Lease liabilities incurred for new lease contracts during the period		4,684
Accretion of lease liabilities		268
Operating cash used for payments on lease liabilities		(2,099	)
Adjustments for present value and foreign currency effects		(299	)
Balance as of March 30, 2024		18,864
Less: Current portion of operating lease liabilities (included in Accrued liabilities)		(6,065	)
Long-term operating lease liabilities, net of current portion	$	12,799

Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]

Fiscal year	(In thousands)
2024 (Remaining 3 quarters)	$	5,114
2025		6,098
2026		4,492
2027		2,783
2028		2,232
Thereafter		447
Total lease payments		21,166
Less: amount representing interest		(2,302	)
Total lease liabilities	$	18,864

Note 4 - Balance Sheet Components - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Mar. 30, 2024	Dec. 30, 2023
Property, Plant and Equipment, Net	$ 51,390	$ 49,546
UNITED STATES
Property, Plant and Equipment, Net	31,917	29,467
TAIWAN
Property, Plant and Equipment, Net	9,152	10,222
PHILIPPINES
Property, Plant and Equipment, Net	4,918	4,602
CHINA
Property, Plant and Equipment, Net	2,762	2,778
Other [Member]
Property, Plant and Equipment, Net	2,641	2,477
Foreign Countries [Member]
Property, Plant and Equipment, Net	$ 19,473	$ 20,079

Note 5 - Long-term Debt - Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Contractual interest	$ 0	$ 1,785
Amortization of original issuance discount and debt costs	67	67
Total interest expense related to long-term debt	$ 67	$ 1,852

Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Mar. 30, 2024	Dec. 30, 2023
Accumulated depreciation	$ 115,560	$ 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)	137,538,000	137,340,000
Common stock, shares outstanding (in shares)	137,538,000	137,340,000

Note 2 - Net Income Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Net income	$ 14,796	$ 55,923
Shares used in basic Net income per share (in shares)	137,475	137,418
Dilutive effect of stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition (in shares)	1,299	2,683
Shares used in diluted Net income per share (in shares)	138,774	140,101
Basic (in dollars per share)	$ 0.11	$ 0.41
Diluted (in dollars per share)	$ 0.11	$ 0.4
Stock options, RSUs, ESPP shares, and equity awards with a market condition or performance condition excluded as they are antidilutive (in shares)	950	141

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Note 10 - Common Stock Repurchase Program

3 Months Ended

Mar. 30, 2024

Notes to Financial Statements

Treasury Stock [Text Block]

Note 10 - Common Stock Repurchase Program

On November 30, 2023, we announced that our Board of Directors had approved a stock repurchase program pursuant to which up to $250 million of outstanding common stock could be repurchased from time to time (the "2024 Repurchase Program"). The duration of the 2024 Repurchase Program is through December 28, 2024.

During the first quarter of fiscal 2024, we repurchased 264,880 shares for $20.0 million, or an average price paid per share of $75.50. All repurchases were open market transactions funded from available working capital. All shares repurchased pursuant to the 2024 Repurchase Program were retired by the end of the first quarter of fiscal 2024. As of March 30, 2024, the remaining portion of the amount authorized for the 2024 Repurchase Program is approximately $230.0 million.

Note 7 - Leases - Lease Balance Classifications Within the Consolidated Balance Sheets and Lease Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023	Dec. 30, 2023
Balance	$ 14,487
Right-of-use assets obtained for new lease contracts during the period	4,684
Amortization of right-of-use assets during the period	(1,865)	$ (1,657)
Adjustments for present value and foreign currency effects	(267)
Balance	17,039
Balance	16,310
Lease liabilities incurred for new lease contracts during the period	4,684
Accretion of lease liabilities	268
Operating cash used for payments on lease liabilities	(2,099)	$ (2,000)
Adjustments for present value and foreign currency effects	(299)
Balance	18,864
Long-term operating lease liabilities, net of current portion	12,799		$ 10,739
Accounts Payable and Accrued Liabilities [Member]
Less: Current portion of operating lease liabilities (included in Accrued liabilities)	$ (6,065)

Note 3 - Revenue From Contracts With Customers

3 Months Ended

Mar. 30, 2024

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

Note 3 - Revenue from Contracts with Customers

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:

	*Three Months Ended*
*Revenue by Channel*	*March 30,*				*April 1,*
(In thousands)	*2024*				*2023*
Distributors	$	123,205	87	%	$	161,346	88	%
Direct		17,610	13	%		22,964	12	%
Total revenue	$	140,815	100	%	$	184,310	100	%

*Revenue by Geographical Market*
(In thousands)
China		56,872	40	%		55,722	30	%
Japan		24,988	18	%		30,017	16	%
Other Asia		10,568	8	%		20,016	11	%
Asia		92,428	66	%		105,755	57	%
Americas		31,980	22	%		41,903	23	%
Europe		16,407	12	%		36,652	20	%
Total revenue	$	140,815	100	%	$	184,310	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 yet been distributed to us by the HDMI licensing agent. Contract assets are included in Prepaid expenses and other current assets on our Consolidated Balance Sheets. The following table summarizes activity during the first three months of fiscal 2024:

(In thousands)
Contract assets as of December 30, 2023	$	11,194
Revenues recorded during the period		3,947
Transferred to Accounts receivable or collected		(418	)
Contract assets as of March 30, 2024	$	14,723

Contract liabilities are included in Accrued liabilities on our Consolidated Balance Sheets. The following table summarizes activity during the first three months of fiscal 2024:

(In thousands)
Contract liabilities as of December 30, 2023	$	5,304
Accruals for estimated future stock rotation and scrap returns		4,551
Less: Release of accruals for recognized stock rotation and scrap returns		(3,364	)
Contract liabilities as of March 30, 2024	$	6,491

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Note 5 - Long-term Debt (Tables)

3 Months Ended

Mar. 30, 2024

Notes Tables

Interest Income and Interest Expense Disclosure [Table Text Block]

	*Three Months Ended*
	*March 30,*		*April 1,*
(In thousands)	*2024*		*2023*
Contractual interest	$	-	$	1,785
Amortization of original issuance discount and debt costs		67		67
Total interest expense related to long-term debt	$	67	$	1,852

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Mar. 30, 2024	Apr. 23, 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	Q1
Document Fiscal Year Focus	2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 30, 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		137,546,399

Note 9 - Stock-based Compensation - Share Based Compensation Performance Shares Award Outstanding (Details) - Performance Shares [Member] shares in Thousands	3 Months Ended
	Mar. 30, 2024 shares
Balance, Shares (in shares)	852
Granted, Shares (in shares)	194
Effect of vesting multiplier, Shares (in shares)	284
Vested, Shares (in shares)	(541)
Cancelled, Shares (in shares)	(5)
Balance, Shares (in shares)	784

Note 10 - Common Stock Repurchase Program (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023	Nov. 30, 2023
Stock Repurchased and Retired During Period, Value	$ 20,000	$ 10,004
Repurchase Program 2024 [Member]
Share Repurchase Program, Authorized, Amount			$ 250,000
Stock Repurchased and Retired During Period, Shares (in shares)	264,880
Stock Repurchased and Retired During Period, Value	$ (20,000)
Shares Acquired, Average Cost Per Share (in dollars per share)	$ 75.5
Share Repurchase Program, Remaining Authorized, Amount	$ 230,000

Note 9 - Stock-based Compensation - Stock-based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Total stock-based compensation	$ 18,494	$ 14,255
Cost of Sales [Member]
Total stock-based compensation	855	953
Research and Development Expense [Member]
Total stock-based compensation	8,098	5,339
Selling, General and Administrative Expenses [Member]
Total stock-based compensation	$ 9,541	$ 7,963

Note 8 - Intangible Assets (Details Textual) - USD ($) $ in Millions	Mar. 30, 2024	Apr. 01, 2023
Finite-Lived Intangible Assets, Accumulated Amortization	$ 146.0	$ 144.9

Note 4 - Balance Sheet Components - Inventories (Details) - USD ($) $ in Thousands	Mar. 30, 2024	Dec. 30, 2023
Work in progress	$ 67,605	$ 65,396
Finished goods	27,779	33,430
Total inventories, net	$ 95,384	$ 98,826

Note 11 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Income Tax Expense (Benefit)	$ 3,039	$ 2,561
Decrease in Unrecognized Tax Benefits is Reasonably Possible	36,000
Other Noncurrent Liabilities [Member]
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 22,200	$ 21,900
Domestic Tax Jurisdiction [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	21.00%

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.7)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (a)
-SubTopic 20
-Topic 740
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482659/740-20-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-SubTopic 10
-Topic 235
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Revenue	$ 140,815	$ 184,310
Cost of revenue	44,607	55,709
Gross margin	96,208	128,601
Operating expenses:
Research and development	40,591	35,989
Selling, general, and administrative	36,469	32,578
Amortization of acquired intangible assets	870	870
Restructuring	1,704	30
Total operating expenses	79,634	69,467
Income from operations	16,574	59,134
Interest income (expense), net	1,307	(555)
Other income (expense), net	(46)	(95)
Income before income taxes	17,835	58,484
Income tax expense	3,039	2,561
Net income	$ 14,796	$ 55,923
Net income per share:
Basic (in dollars per share)	$ 0.11	$ 0.41
Diluted (in dollars per share)	$ 0.11	$ 0.4
Shares used in per share calculations:
Basic (in shares)	137,475	137,418
Diluted (in shares)	138,774	140,101