v3.26.1
Leases
 3 Months Ended
Apr. 05, 2026
Leases [Abstract]  
Leases LEASES
The table below represents a summary of the balances recorded in the consolidated condensed balance sheets related to the Company’s leases as of April 5, 2026 and December 28, 2025:
April 5, 2026December 28, 2025
Balance Sheet LocationOperating LeasesFinance LeasesOperating LeasesFinance Leases
(in thousands)
Operating lease right-of-use assets$73,395 $78,191 
 
Current portion of operating lease liabilities$14,698 $15,748 
Operating lease liabilities63,238 67,205 
Total operating lease liabilities$77,936 $82,953 
 
Property, plant and equipment, net$10,522 $9,574 
 
Accrued expenses$3,305 $3,155 
Other long-term liabilities7,611 6,817 
Total finance lease liabilities$10,916 $9,972 
As of April 5, 2026, there were no significant leases that had not commenced.

Lease Costs
Three Months Ended
April 5, 2026March 30, 2025
(in thousands)
Finance lease cost:
Amortization of right-of-use assets$1,019 $848 
Interest on lease liabilities173 137 
Operating lease cost5,509 4,993 
Short-term lease cost156 171 
Variable lease cost690 773 
Total lease cost$7,547 $6,922 
Other Supplemental Information
Three Months Ended
April 5, 2026March 30, 2025
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for finance leases
$172 $131 
Operating cash flows for operating leases
6,277 4,437 
Financing cash flows for finance leases
983 762 
Right-of-use assets obtained in exchange for new finance lease liabilities2,071 548 
Right-of-use assets obtained in exchange for new operating lease liabilities795 2,929 
Lease Term and Discount Rate
The table below presents the weighted average remaining lease terms and discount rates for finance and operating leases as of April 5, 2026 and December 28, 2025:
 April 5, 2026December 28, 2025
Weighted-average remaining lease term – finance leases (in years)4.154.07
Weighted-average remaining lease term – operating leases (in years)6.907.05
Weighted-average discount rate – finance leases6.09 %6.52 %
Weighted-average discount rate – operating leases6.34 %6.33 %
Maturity Analysis
A maturity analysis of lease payments under non-cancellable leases is presented as follows:
Fiscal YearOperating LeasesFinance Leases
(in thousands)
2026 (excluding the three months ended April 5, 2026)
$14,069 $2,902 
202717,304 3,413 
202813,559 2,456 
202911,431 1,498 
20308,708 936 
Thereafter32,040 1,139 
Total future minimum lease payments (undiscounted)97,111 12,344 
Less: Present value discount(19,175)(1,428)
Total lease liabilities$77,936 $10,916 
Leases LEASES
The table below represents a summary of the balances recorded in the consolidated condensed balance sheets related to the Company’s leases as of April 5, 2026 and December 28, 2025:
April 5, 2026December 28, 2025
Balance Sheet LocationOperating LeasesFinance LeasesOperating LeasesFinance Leases
(in thousands)
Operating lease right-of-use assets$73,395 $78,191 
 
Current portion of operating lease liabilities$14,698 $15,748 
Operating lease liabilities63,238 67,205 
Total operating lease liabilities$77,936 $82,953 
 
Property, plant and equipment, net$10,522 $9,574 
 
Accrued expenses$3,305 $3,155 
Other long-term liabilities7,611 6,817 
Total finance lease liabilities$10,916 $9,972 
As of April 5, 2026, there were no significant leases that had not commenced.

Lease Costs
Three Months Ended
April 5, 2026March 30, 2025
(in thousands)
Finance lease cost:
Amortization of right-of-use assets$1,019 $848 
Interest on lease liabilities173 137 
Operating lease cost5,509 4,993 
Short-term lease cost156 171 
Variable lease cost690 773 
Total lease cost$7,547 $6,922 
Other Supplemental Information
Three Months Ended
April 5, 2026March 30, 2025
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for finance leases
$172 $131 
Operating cash flows for operating leases
6,277 4,437 
Financing cash flows for finance leases
983 762 
Right-of-use assets obtained in exchange for new finance lease liabilities2,071 548 
Right-of-use assets obtained in exchange for new operating lease liabilities795 2,929 
Lease Term and Discount Rate
The table below presents the weighted average remaining lease terms and discount rates for finance and operating leases as of April 5, 2026 and December 28, 2025:
 April 5, 2026December 28, 2025
Weighted-average remaining lease term – finance leases (in years)4.154.07
Weighted-average remaining lease term – operating leases (in years)6.907.05
Weighted-average discount rate – finance leases6.09 %6.52 %
Weighted-average discount rate – operating leases6.34 %6.33 %
Maturity Analysis
A maturity analysis of lease payments under non-cancellable leases is presented as follows:
Fiscal YearOperating LeasesFinance Leases
(in thousands)
2026 (excluding the three months ended April 5, 2026)
$14,069 $2,902 
202717,304 3,413 
202813,559 2,456 
202911,431 1,498 
20308,708 936 
Thereafter32,040 1,139 
Total future minimum lease payments (undiscounted)97,111 12,344 
Less: Present value discount(19,175)(1,428)
Total lease liabilities$77,936 $10,916