RESTRICTED CASH AND INVESTMENTS (Tables)
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3 Months Ended |
Mar. 29, 2026 |
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| Restricted Cash and Investments [Abstract] |
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| Schedule of restricted cash and investments |
The following is a summary of the carrying value of our restricted cash, cash equivalents and investments: | | | | | | | | | | (in thousands) | March 29,
2026 | December 28,
2025 | | Cash collateral held by insurance carriers | $ | 7,708 | | $ | 7,681 | | | Cash and cash equivalents held in Trust | 11,684 | | 11,424 | | | Investments held in Trust | 64,616 | | 70,601 | | | | | | Company-owned life insurance policies | 44,432 | | 46,477 | | | Other restricted cash and cash equivalents | 789 | | 405 | | Total restricted cash, cash equivalents and investments | $ | 129,229 | | $ | 136,588 | |
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| Schedule of held-to-maturity investments |
The amortized cost and estimated fair value of each of our held-to-maturity investments held in Trust, aggregated by investment category as of March 29, 2026 and December 28, 2025, were as follows: | | | | | | | | | | | | | | | | March 29, 2026 | | (in thousands) | Amortized cost | Gross unrealized gains | Gross unrealized losses | Fair value | | Municipal debt securities | $ | 5,799 | | $ | — | | $ | (2) | | $ | 5,797 | | | Corporate debt securities | 42,527 | | 235 | | (104) | | 42,658 | | | Agency mortgage-backed securities | 4,564 | | 30 | | — | | 4,594 | | | U.S. government and agency securities | 11,726 | | — | | (46) | | 11,680 | | | Total held-to-maturity investments | $ | 64,616 | | $ | 265 | | $ | (152) | | $ | 64,729 | |
| | | | | | | | | | | | | | | | December 28, 2025 | | (in thousands) | Amortized cost | Gross unrealized gains | Gross unrealized losses | Fair value | | Municipal debt securities | $ | 7,840 | | $ | 1 | | $ | (5) | | $ | 7,836 | | | Corporate debt securities | 49,967 | | 519 | | (152) | | 50,334 | | | Agency mortgage-backed securities | 4,815 | | 58 | | — | | 4,873 | | | U.S. government and agency securities | 7,979 | | 1 | | (7) | | 7,973 | | | Total held-to-maturity investments | $ | 70,601 | | $ | 579 | | $ | (164) | | $ | 71,016 | |
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| Schedule of held-to-maturity investments by contractual maturity |
The amortized cost and fair value by contractual maturity of our held-to-maturity investments are as follows: | | | | | | | | | | March 29, 2026 | | (in thousands) | Amortized cost | Fair value | | Due in one year or less | $ | 36,587 | | $ | 36,545 | | | Due after one year through five years | 28,029 | | 28,184 | | | | | | | | | Total held-to-maturity investments | $ | 64,616 | | $ | 64,729 | |
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| Schedule of unrealized gain (loss) on equity investments |
Unrealized gains and losses related to investments still held at March 29, 2026 and March 30, 2025, which are included in selling, general and administrative (“SG&A”) expense on our Consolidated Statements of Operations and Comprehensive Income (Loss), were as follows: | | | | | | | | | | | | | Thirteen weeks ended | | | | (in thousands) | March 29,
2026 | March 30,
2025 | | | | Unrealized loss, net | $ | (2,045) | | $ | (1,405) | | | | |
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