| Stockholders' Deficit |
4. Stockholders’ Deficit The following table summarizes the changes in stockholders’ deficit for the first quarter of 2026.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated |
|
|
|
|
|
|
|
|
|
Additional |
|
|
|
|
|
Other |
|
|
|
Common Stock |
|
|
Paid-in |
|
|
Retained |
|
|
Comprehensive |
|
|
|
Shares |
|
|
Amount |
|
|
Capital |
|
|
Deficit |
|
|
Loss |
|
Balance at December 28, 2025 |
|
|
33,627,992 |
|
|
$ |
336 |
|
|
$ |
1,910 |
|
|
$ |
(3,898,622 |
) |
|
$ |
(4,766 |
) |
Net income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
139,811 |
|
|
|
— |
|
Dividends declared on common stock and equivalents
($1.99 per share) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(67,278 |
) |
|
|
— |
|
Issuance and cancellation of stock awards, net |
|
|
89,881 |
|
|
|
1 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Tax payments for restricted stock upon vesting |
|
|
(32,337 |
) |
|
|
— |
|
|
|
(337 |
) |
|
|
(12,558 |
) |
|
|
— |
|
Purchases of common stock |
|
|
(188,304 |
) |
|
|
(2 |
) |
|
|
(12,093 |
) |
|
|
(63,525 |
) |
|
|
— |
|
Exercise of stock options |
|
|
6,091 |
|
|
|
— |
|
|
|
1,892 |
|
|
|
— |
|
|
|
— |
|
Non-cash equity-based compensation expense |
|
|
— |
|
|
|
— |
|
|
|
8,789 |
|
|
|
— |
|
|
|
— |
|
Currency translation adjustment |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(331 |
) |
Balance at March 22, 2026 |
|
|
33,503,323 |
|
|
$ |
335 |
|
|
$ |
161 |
|
|
$ |
(3,902,172 |
) |
|
$ |
(5,097 |
) |
Subsequent to the end of the first quarter of 2026, on April 21, 2026, the Company’s Board of Directors declared a $1.99 per share quarterly dividend on its outstanding common stock for shareholders of record as of June 15, 2026 to be paid on June 30, 2026. Subsequent to the end of the first quarter of 2026 and through April 21, 2026, the Company repurchased and retired an additional 257,545 shares of common stock for a total of approximately $94.4 million. Subsequent to the end of the first quarter of 2026, on April 21, 2026, the Company’s Board of Directors authorized an additional share repurchase program to repurchase up to $1.0 billion of the Company’s common stock, in addition to the $290.2 million that was previously remaining for a total authorization of $1.29 billion for future share repurchases. The following table summarizes the changes in stockholders’ deficit for the first quarter of 2025.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated |
|
|
|
|
|
|
|
|
|
Additional |
|
|
|
|
|
Other |
|
|
|
Common Stock |
|
|
Paid-in |
|
|
Retained |
|
|
Comprehensive |
|
|
|
Shares |
|
|
Amount |
|
|
Capital |
|
|
Deficit |
|
|
Loss |
|
Balance at December 29, 2024 |
|
|
34,281,927 |
|
|
$ |
343 |
|
|
$ |
1,272 |
|
|
$ |
(3,956,474 |
) |
|
$ |
(7,432 |
) |
Net income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
149,651 |
|
|
|
— |
|
Dividends declared on common stock and equivalents
($1.74 per share) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(59,800 |
) |
|
|
— |
|
Issuance and cancellation of stock awards, net |
|
|
54,516 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Tax payments for restricted stock upon vesting |
|
|
(18,630 |
) |
|
|
— |
|
|
|
(8,158 |
) |
|
|
— |
|
|
|
— |
|
Purchases of common stock |
|
|
(115,280 |
) |
|
|
(1 |
) |
|
|
(10,132 |
) |
|
|
(40,210 |
) |
|
|
— |
|
Exercise of stock options |
|
|
28,280 |
|
|
|
— |
|
|
|
7,529 |
|
|
|
— |
|
|
|
— |
|
Non-cash equity-based compensation expense |
|
|
— |
|
|
|
— |
|
|
|
10,381 |
|
|
|
— |
|
|
|
— |
|
Currency translation adjustment |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
343 |
|
Balance at March 23, 2025 |
|
|
34,230,813 |
|
|
$ |
342 |
|
|
$ |
892 |
|
|
$ |
(3,906,833 |
) |
|
$ |
(7,089 |
) |
|