v3.26.1
Fair Value Measurements (Tables)
3 Months Ended
Apr. 04, 2026
Fair Value Disclosures [Abstract]  
Summary of Composition of Underlying Investments in Deferred Compensation Plan Trust Assets

The following tables summarize the composition of the underlying investments in the Company's deferred compensation plan trust assets, excluding cash and cash equivalents (in thousands):

 

 

 

 

 

Fair Value Measurements Using

 

 

 

Balance as of
April 4,
2026

 

 

Quoted Price
in Active
Markets for
Identical Assets
(Level 1)

 

 

Significant
Other
Observable
Inputs (Level 2)

 

 

Significant
Unobservable
Inputs (Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money Market Funds

 

$

2,367

 

 

$

2,367

 

 

$

 

 

$

 

Mutual Funds

 

 

38,533

 

 

 

38,533

 

 

 

 

 

 

 

 

 

$

40,900

 

 

$

40,900

 

 

$

 

 

$

 

 

 

 

 

 

 

Fair Value Measurements Using

 

 

 

Balance as of
January 3,
2026

 

 

Quoted Price
in Active
Markets for
Identical Assets
(Level 1)

 

 

Significant
Other
Observable
Inputs (Level 2)

 

 

Significant
Unobservable
Inputs (Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money Market Funds

 

$

6,733

 

 

$

6,733

 

 

$

 

 

$

 

Mutual Funds

 

 

37,389

 

 

 

37,389

 

 

 

 

 

 

 

 

 

$

44,122

 

 

$

44,122

 

 

$

 

 

$

 

Summary of Impairment Expense of Goodwill and Long-Lived Assets

The following table presents the amount of impairment expense of goodwill and long-lived assets (in thousands):

 

 

 

Three Months Ended

 

 

 

April 4, 2026

 

 

March 29, 2025

 

Impairment of goodwill

 

$

273,529

 

 

$

 

Impairment of property and equipment

 

 

12,078

 

 

 

1,449

 

Impairment of lease right-of-use assets

 

 

5,868

 

 

 

61

 

Total impairment losses

 

$

291,475

 

 

$

1,510