v3.26.1
Leases (Tables)
3 Months Ended
Mar. 29, 2026
Leases [Abstract]  
Schedule of Lease Expense
The components of lease expense were as follows (in thousands):
Fiscal Three Months Ended
Lease costClassificationMarch 29, 2026March 30, 2025
Operating lease costCost of revenue and selling, general and administrative expenses$10,372 $6,427 
Finance lease cost:
Amortization of ROU assets
Depreciation (1)
1,439 1,907 
Interest on lease liabilitiesInterest expense, net196 266 
Total finance lease cost1,635 2,173 
Short-term lease cost (2)
Cost of revenue and selling, general and administrative expenses33,317 22,009 
Total lease cost$45,324 $30,609 
(1)Depreciation is included within cost of revenue in the accompanying condensed consolidated statements of operations.
(2)Short-term lease cost includes both leases and rentals with initial terms of 12 months or less.

Supplemental cash flow information related to leases was as follows (in thousands):
Fiscal Three Months Ended
March 29, 2026March 30, 2025
Cash paid for amounts included in the measurement of lease liabilities:    
Operating cash flows from operating leases$10,215 $6,435 
Operating cash flows from finance leases$196 $266 
Financing cash flows from finance leases$1,964 $2,648 
Right-of-use assets obtained in exchange for lease obligations:     
Operating leases$10,646 $9,458 
Supplemental information related to leases was as follows:
March 29,
2026
December 28,
2025
Weighted average remaining lease term (in years):
Operating leases5.936.17
Finance leases2.362.52
Weighted average discount rate:
Operating leases5.79%5.74%
Finance leases5.00%4.98%
Schedule of Maturities of Finance Lease Liabilities
The following is a schedule of maturities of lease liabilities as of March 29, 2026 (in thousands):
Operating
Leases
Finance
Leases
Fiscal year ended:
Remainder of 2026$31,927 $5,836 
202741,082 6,186 
202837,249 2,208 
202932,892 820 
203030,190 394 
Thereafter46,704 — 
Total lease payments220,044 15,444 
Less: Amount of lease payments representing interest(33,601)(866)
Total$186,443 $14,578 
Schedule of Maturities of Operating Lease Liabilities
The following is a schedule of maturities of lease liabilities as of March 29, 2026 (in thousands):
Operating
Leases
Finance
Leases
Fiscal year ended:
Remainder of 2026$31,927 $5,836 
202741,082 6,186 
202837,249 2,208 
202932,892 820 
203030,190 394 
Thereafter46,704 — 
Total lease payments220,044 15,444 
Less: Amount of lease payments representing interest(33,601)(866)
Total$186,443 $14,578