Leases (Tables)

12 Months Ended

Jan. 03, 2026

The components of lease expense are as follows:


(In thousands)	January 3, 2026		December 28, 2024		December 30, 2023
Operating Lease Cost (a)	$	10,333	$	8,153	$	6,355
Short-Term Lease Cost	833		810		698
Finance Lease Cost:
ROU asset amortization	$	1,198	$	1,168	$	1,103
Interest on lease liabilities	96		100		74
Total Finance Lease Cost	1,294		1,268		1,177

Total Lease Costs	$	12,460	$	10,231	$	8,230

(a) Includes variable lease costs of $904,000 in 2025, $747,000 in 2024, and $961,000 in 2023.

Supplemental balance sheet information related to leases is as follows:


(In thousands)	Balance Sheet Line Item	January 3, 2026		December 28, 2024
Operating Leases:

ROU assets	Other assets	$	43,243	$	36,484
Total operating lease assets		$	43,243	$	36,484

Short-term liabilities	Other current liabilities	$	8,202	$	6,548
Long-term liabilities	Other long-term liabilities	33,072		27,768
Total operating lease liabilities		$	41,274	$	34,316

Finance Leases:
ROU assets, at cost	Property, plant, and equipment, at cost	$	4,197	$	4,077
ROU assets accumulated amortization	Accumulated depreciation and amortization	(2,448)		(2,094)
ROU assets, net	Property, plant, and equipment, net	$	1,749	$	1,983

Short-term obligations	Current maturities of long-term obligations	$	983	$	1,075
Long-term obligations	Long-term obligations	798		948
Total finance lease liabilities		$	1,781	$	2,023


	January 3, 2026		December 28, 2024
Weighted Average Remaining Lease Term (in years):
Operating leases	7.5		8.0
Finance leases	2.0		2.1

Weighted Average Discount Rate:
Operating leases	4.63	%	4.52	%
Finance leases	5.07	%	5.11	%

As of January 3, 2026, future lease payments for lease liabilities are as follows:


	Operating		Finance
(In thousands)	Leases		Leases
2026	$	9,802	$	1,045
2027	8,292		595
2028	6,006		227
2029	4,685		2
2030	4,314		—
2031 and Thereafter	16,351		—
Total Future Lease Payments	49,450		1,869
Less: Imputed Interest	(8,176)		(88)
Present Value of Lease Payments	$	41,274	$	1,781

As of January 3, 2026, future lease payments for lease liabilities are as follows:


	Operating		Finance
(In thousands)	Leases		Leases
2026	$	9,802	$	1,045
2027	8,292		595
2028	6,006		227
2029	4,685		2
2030	4,314		—
2031 and Thereafter	16,351		—
Total Future Lease Payments	49,450		1,869
Less: Imputed Interest	(8,176)		(88)
Present Value of Lease Payments	$	41,274	$	1,781

Supplemental Cash Flow Information


(In thousands)	January 3, 2026		December 28, 2024		December 30, 2023
Cash Paid for Interest	$	14,925	$	19,699	$	8,071


Non-Cash Investing Activities:
Fair value of assets acquired	$	255,375	$	360,694	$	1,338
Fair value of liabilities assumed	$	54,858	$	36,340	$	264
Fair value of noncontrolling interests acquired	$	—	$	9,319	$	—
Fair value of contingent consideration acquired	$	—	$	1,785	$	—

Purchases of property, plant and equipment in accounts payable	$	1,541	$	1,181	$	4,453

Non-Cash Financing Activities:
Issuance of Company common stock upon vesting of RSUs	$	5,972	$	5,576	$	5,163
Dividends declared but unpaid	$	4,008	$	3,762	$	3,395

Cash paid for income taxes, net of refunds, by jurisdiction in 2025 is as follows:

Supplemental cash flow information related to leases is as follows:


(In thousands)	January 3, 2026		December 28, 2024		December 30, 2023
Cash Paid for Amounts Included in the Measurement of Lease Liabilities:
Operating cash flows from operating leases	$	9,096	$	8,282	$	6,475
Operating cash flows from finance leases	$	96	$	100	$	74
Financing cash flows from finance leases	$	1,216	$	1,169	$	1,100

ROU Assets Obtained in Exchange for Lease Obligations:
Operating leases (a)	$	13,171	$	17,496	$	8,120
Finance leases	$	1,156	$	1,598	$	989

(a) Includes ROU assets of $4,425,000 in 2025 and $10,847,000 in 2024 obtained in connection with the Company's acquisitions.