v3.26.1
OTHER CURRENT LIABILITIES (Tables)
 3 Months Ended
Apr. 04, 2026
Accrued Liabilities, Current [Abstract]  
Schedule of Other Current Liabilities
Other current liabilities consisted of the following:
(dollars in thousands)
April 4, 2026
January 3, 2026
March 29, 2025
Unredeemed gift cards
$
25,337 
$
25,994 
$
24,275 
Accrued interest (1)
16,549 
5,736 
1,364 
Accrued employee benefits (2)
12,542 
28,021 
13,079 
Accrued taxes
8,803 
10,334 
8,169 
Accrued bonuses and incentive compensation
3,097 
19,861 
3,076 
Other(3)
45,021 
43,863 
34,771 
Other current liabilities
$
111,349 
$
133,809 
$
84,734 
(1)Increase as of April 4, 2026 reflects the timing of interest payments on long-term debt.
(2)Includes accruals for severance and other termination benefits. See Note 13, Organizational Restructuring, for additional information.
(3)Amount as of April 4, 2026 and January 3, 2026 includes liabilities under the deferred compensation plan. See Note 10, Fair Value Measurements, for additional information.