Leases (Tables)

3 Months Ended

Apr. 05, 2026

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, 2026				December 28, 2025
Balance Sheet Location	Operating Leases		Finance Leases		Operating Leases		Finance 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 liabilities	63,238				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 liabilities			7,611				6,817
Total finance lease liabilities			$	10,916			$	9,972

Schedule of Lease Costs

Lease Costs


	Three Months Ended
	April 5, 2026		March 30, 2025
	(in thousands)
Finance lease cost:
Amortization of right-of-use assets	$	1,019	$	848
Interest on lease liabilities	173		137
Operating lease cost	5,509		4,993
Short-term lease cost	156		171
Variable lease cost	690		773
Total lease cost	$	7,547	$	6,922

Other Supplemental Information, Lessee

Other Supplemental Information


	Three Months Ended
	April 5, 2026		March 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 liabilities	2,071		548
Right-of-use assets obtained in exchange for new operating lease liabilities	795		2,929

Weighted Average Lease Term and Discount Rate, Lessee

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, 2026		December 28, 2025
Weighted-average remaining lease term – finance leases (in years)	4.15		4.07
Weighted-average remaining lease term – operating leases (in years)	6.90		7.05
Weighted-average discount rate – finance leases	6.09	%	6.52	%
Weighted-average discount rate – operating leases	6.34	%	6.33	%

Lease Liability Maturity Schedule

A maturity analysis of lease payments under non-cancellable leases is presented as follows:


Fiscal Year	Operating Leases		Finance Leases
	(in thousands)
2026 (excluding the three months ended April 5, 2026)	$	14,069	$	2,902
2027	17,304		3,413
2028	13,559		2,456
2029	11,431		1,498
2030	8,708		936
Thereafter	32,040		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

Lease Liability Maturity Schedule

A maturity analysis of lease payments under non-cancellable leases is presented as follows:


Fiscal Year	Operating Leases		Finance Leases
	(in thousands)
2026 (excluding the three months ended April 5, 2026)	$	14,069	$	2,902
2027	17,304		3,413
2028	13,559		2,456
2029	11,431		1,498
2030	8,708		936
Thereafter	32,040		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