v3.25.2
Equity
 6 Months Ended
Jun. 28, 2025
Equity [Abstract]  
Equity
19. Equity
Stock Repurchase Program
In June 2022, the Board approved a stock repurchase program, authorizing the Company to purchase up to 5.0 million shares of its common stock on or before December 31, 2027 (2022 Repurchase Program). The 2022 Repurchase Program became effective in July 2022. The Company expects to fund the 2022 Repurchase Program through its available cash, cash expected to be generated from future operations, the Credit Facility and other potential sources of capital. The 2022 Repurchase Program can be carried out at the discretion of a committee comprised of the Company’s CEO and CFO through open market purchases, one or more Rule 10b5-1 trading plans, block trades and privately negotiated transactions. Approximately 80,000 shares were repurchased pursuant to the 2022 Repurchase Program during the three and six months ended June 28, 2025. As of June 28, 2025, approximately 4.9 million shares remained available for repurchase pursuant to the 2022 Repurchase Program.
The following table provides a summary of the Company’s stock repurchase activities (in thousands, except per share amounts):
Three Months Ended
Six Months Ended
June 28,
2025		June 29,
2024		June 28,
2025		June 29,
2024
Share repurchased(1)
80 — 80 — 
Average cost per share
$171.41 $— $171.41 $— 
Value of shares repurchased
$13,661 $— $13,661 $— 
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(1)    Excludes shares withheld from the shares of its common stock actually issued in connection with the vesting of PSU or RSU awards to satisfy certain U.S. federal and state tax withholding obligations.