On March 29, 2024, the Board authorized a program to repurchase shares of its common stock up to an amount not to exceed $50.0 million, inclusive of amounts remaining under the existing repurchase authorization. The program (the Treasury Stock Repurchase Plan) is designed to provide the Company with enhanced flexibility over the long term to optimize its capital structure. Shares of the Common Stock may be repurchased in the open market or through negotiated transactions. The program may be terminated or suspended at any time at the discretion of the Company. The Company may enter into a Rule 10b5-1 trading plan to effect a portion of the authorized purchases if the criteria set forth in the plan are met. Such a plan would enable the Company to repurchase its shares during periods outside of its normal trading windows when the Company typically would not be active in the market.

During the thirteen weeks ended April 4, 2026, the Company purchased 348,366 shares at an average price of $19.03 per share. During the thirteen weeks ended March 29, 2025, the Company purchased 183,432 shares at an average price of $17.37 per share. As of April 4, 2026, the Company had $28.3 million available for future treasury stock purchases.

The Company accrued $62 and $4 for excise tax associated with its Treasury Stock Repurchase Plan during the thirteen weeks ended April 4, 2026, and March 29, 2025, respectively. Excise tax is recorded directly to additional paid-in capital.

During the thirteen weeks ended April 4, 2026, the Company issued and retired 828 shares associated with equity grants that vested, the proceeds of which were used to fund payroll taxes associated the vested shares. During the thirteen weeks ended March 29, 2025, the Company issued and retired 44,681 shares associated with equity grants that vested.