Leases (Tables)
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12 Months Ended |
Dec. 28, 2025 |
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| Leases [Abstract] |
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| Schedule of Components of Lease Cost |
The components of lease cost consisted of the following for the periods presented:
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Fiscal Year Ended |
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December 28,
2025 |
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December 29,
2024 |
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December 31,
2023 |
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Operating lease cost |
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$ |
9,850 |
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|
$ |
4,789 |
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$ |
1,714 |
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Finance lease cost – amortization of ROU assets |
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|
4,590 |
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|
3,838 |
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|
2,565 |
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Finance lease cost – interest on lease liabilities |
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|
782 |
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|
941 |
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|
740 |
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Short-term lease cost |
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|
1,210 |
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|
158 |
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|
771 |
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Variable lease cost |
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21,126 |
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11,293 |
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|
7,533 |
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Variable lease cost – long-term supply contracts |
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255,397 |
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225,390 |
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|
200,050 |
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Total lease cost |
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$ |
292,955 |
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$ |
246,409 |
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|
$ |
213,373 |
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| Summary of Supplemental Balance Sheet Information Related to Leases |
Supplemental balance sheet information related to leases is as follows:
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As of December 28, 2025 |
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As of December 29, 2024 |
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Finance Leases |
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Machinery and equipment |
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$ |
21,281 |
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$ |
18,074 |
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Less: Accumulated depreciation and amortization |
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(11,229 |
) |
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(6,675 |
) |
Property, plant and equipment, net |
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$ |
10,052 |
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$ |
11,399 |
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As of December 28, 2025 |
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As of December 29, 2024 |
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Weighted-average remaining lease term (years) |
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Operating leases |
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10.56 |
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|
2.38 |
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Finance leases |
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|
1.85 |
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|
2.83 |
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Weighted-average discount rate |
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Operating leases |
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|
4.77 |
% |
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|
7.55 |
% |
Finance leases |
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|
6.73 |
% |
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|
7.17 |
% |
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| Summary of Operating and Finance Leases Future Undiscounted Cash Flows |
Future undiscounted cash flows are as follows:
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As of December 28, 2025 |
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Operating Leases |
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Finance Leases |
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2026 |
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$ |
6,548 |
|
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$ |
6,187 |
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2027 |
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|
5,291 |
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|
5,228 |
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2028 |
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|
4,700 |
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— |
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2029 |
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4,700 |
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— |
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2030 |
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|
4,700 |
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— |
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Thereafter |
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|
28,200 |
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— |
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Total lease payments |
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|
54,139 |
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|
11,415 |
|
Less imputed interest |
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(11,416 |
) |
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(647 |
) |
Total present value of lease liabilities |
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$ |
42,723 |
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$ |
10,768 |
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| Summary of Cash Flow Information Related to Leases |
Supplemental cash flow information related to leases is as follows: Cash paid for amounts included in measurement of lease liabilities:
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Fiscal Year Ended |
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December 28,
2025 |
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December 29,
2024 |
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Operating cash outflows - payments on operating leases |
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$ |
34,704 |
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$ |
17,554 |
|
Operating cash outflows - interest payments on finance leases |
|
|
782 |
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|
|
941 |
|
Financing cash outflows - principal payments on finance leases |
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|
4,482 |
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|
3,521 |
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ROU assets obtained in exchange for new lease obligations:
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As of December 28, 2025 |
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As of December 29, 2024 |
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Operating leases |
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$ |
73,585 |
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$ |
14,988 |
|
Finance leases |
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|
3,462 |
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|
1,728 |
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Decreases in ROU assets related to lease terminations and modifications:
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Fiscal Year Ended |
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|
December 28,
2025 |
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|
December 29,
2024 |
|
Operating leases |
|
$ |
3,881 |
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$ |
91 |
|
Finance leases |
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|
219 |
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— |
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