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FAIR VALUE MEASUREMENT
 3 Months Ended
Mar. 29, 2026
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENT FAIR VALUE MEASUREMENT
Accounts receivable, accounts payable and other accrued expenses, accrued wages and benefits and related taxes approximate their fair values due to the short-term maturities of these assets and liabilities. Our long-term debt is related to a revolving credit agreement and its carrying value approximates fair value as the interest rates are variable and reflect current market rates.
Assets measured at fair value on a recurring basis
Our assets measured at fair value on a recurring basis consisted of the following:
March 29, 2026
(in thousands)Total fair valueQuoted prices in active markets for identical assets (level 1)Significant other observable inputs (level 2)Significant unobservable inputs (level 3)
Cash and cash equivalents$24,132 $24,132 $— $— 
Restricted cash and cash equivalents20,181 20,181 — — 
Cash, cash equivalents and restricted cash and cash equivalents (1)
$44,313 $44,313 $— $— 
Municipal debt securities$5,797 $— $5,797 $— 
Corporate debt securities42,658 — 42,658 — 
Agency mortgage-backed securities4,594 — 4,594 — 
U.S. government and agency securities11,680 — 11,680 — 
Restricted investments classified as held-to-maturity (2)$64,729 $— $64,729 $— 
December 28, 2025
(in thousands)Total fair valueQuoted prices in active markets for identical assets (level 1)Significant other observable inputs (level 2)Significant unobservable inputs (level 3)
Cash and cash equivalents$24,510 $24,510 $— $— 
Restricted cash and cash equivalents19,510 19,510 — — 
Cash, cash equivalents and restricted cash and cash equivalents (1)
$44,020 $44,020 $— $— 
Municipal debt securities$7,836 $— $7,836 $— 
Corporate debt securities50,334 — 50,334 — 
Agency mortgage-backed securities4,873 — 4,873 — 
U.S. government and agency securities7,973 — 7,973 — 
Restricted investments classified as held-to-maturity (2)$71,016 $— $71,016 $— 
(1)Cash, cash equivalents and restricted cash and cash equivalents include money market funds, deposits and investments with original maturities of three months or less.
(2)Refer to Note 4: Restricted Cash, Cash Equivalents and Investments for additional details on our held-to-maturity debt securities.
Assets measured at fair value on a nonrecurring basis
In addition to assets that are recorded at fair value on a recurring basis, impairment tests may subject our reporting units with goodwill to nonrecurring fair value measurement. We performed an interim impairment test for goodwill associated with our HSP reporting unit as of the last day of our fiscal first quarter of 2026. Refer to Note 6: Goodwill for additional details on the impairment charge, valuation methodologies, and inputs used in the fair value measurement.
For our interim goodwill impairment test on the HSP reporting unit as of the last day of our fiscal first quarter of 2026, the fair value of the reporting unit was estimated using an equal weighting of the income and market approaches. The various inputs to the fair value model are considered Level 3. As a result of the test, goodwill with a carrying value of $17.3 million associated with our HSP reporting unit was impaired, and an impairment charge of $3.7 million was recognized on our Consolidated Statements of Operations and Comprehensive Income (Loss) for the thirteen weeks ended March 29, 2026.