v3.26.1
Leases (Tables)
 3 Months Ended
Apr. 03, 2026
Leases [Abstract]  
Summary of Weighted Average Remaining Lease Term and Discount Rate and Leases Within Condensed Consolidated Statement of Operations
Following is a summary of the weighted average remaining lease term and the weighted average discount rate for the Company’s leases:

April 3, 2026December 31, 2025
Weighted average remaining lease term:
Operating leases6.3 years6.4 years
Financing leases4.0 years4.1 years
Weighted average discount rate:
Operating leases4.4 %4.4 %
Financing leases4.9 %4.8 %
Following is a summary of the Company’s leases within the condensed consolidated statements of operations:

First Quarter
(in thousands)20262025
Operating lease costs$7,034 $6,594 
Short-term and variable leases2,268 2,087 
Depreciation expense from financing leases102 411 
Interest expense on financing lease obligations20 58 
Total lease cost$9,424 $9,150 
Summary of Future Minimum Lease Payments for Noncancelable Operating Leases Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of April 3, 2026:
(in thousands)Operating LeasesFinancing Leases
Remainder of 2026$21,865 $471 
202724,989 338 
202820,407 345 
202919,095 352 
203011,454 268 
Thereafter33,320 — 
Total minimum lease payments including interest$131,130 $1,774 
Less: Amounts representing interest17,021 167 
Present value of minimum lease principal payments114,109 1,607 
Less: Current portion of lease liabilities24,063 489 
Noncurrent portion of lease liabilities$90,046 $1,118 

Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2025:

(in thousands)Operating LeasesFinancing Leases
2026$28,530 $627 
202724,969 338 
202820,403 345 
202919,095 352 
203011,447 268 
Thereafter33,290 — 
Total minimum lease payments including interest$137,734 $1,930 
Less: Amounts representing interest18,246 186 
Present value of minimum lease principal payments119,488 1,744 
Less: Current portion of lease liabilities24,412 556 
Noncurrent portion of lease liabilities$95,076 $1,188 
Summary of Future Minimum Lease Payments for Noncancelable Finance Leases Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of April 3, 2026:
(in thousands)Operating LeasesFinancing Leases
Remainder of 2026$21,865 $471 
202724,989 338 
202820,407 345 
202919,095 352 
203011,454 268 
Thereafter33,320 — 
Total minimum lease payments including interest$131,130 $1,774 
Less: Amounts representing interest17,021 167 
Present value of minimum lease principal payments114,109 1,607 
Less: Current portion of lease liabilities24,063 489 
Noncurrent portion of lease liabilities$90,046 $1,118 

Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2025:

(in thousands)Operating LeasesFinancing Leases
2026$28,530 $627 
202724,969 338 
202820,403 345 
202919,095 352 
203011,447 268 
Thereafter33,290 — 
Total minimum lease payments including interest$137,734 $1,930 
Less: Amounts representing interest18,246 186 
Present value of minimum lease principal payments119,488 1,744 
Less: Current portion of lease liabilities24,412 556 
Noncurrent portion of lease liabilities$95,076 $1,188 
Summary of Leases Within Condensed Consolidated Statement of Cash Flow
Following is a summary of the Company’s leases within the condensed consolidated statements of cash flows:

First Quarter
(in thousands)20262025
Cash flows from operating activities impact:
Operating leases$7,436 $6,243 
Interest payments on financing lease obligations20 58 
Total cash flows from operating activities impact$7,456 $6,301 
Cash flows from financing activities impact:
Principal payments on financing lease obligations$137 $650 
Total cash flows from financing activities impact$137 $650