LEASES (Tables)

3 Months Ended

Apr. 04, 2026

The components of lease expense were as follows (in thousands):


Lease Cost	Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) Location	For the 13 Weeks Ended April 4, 2026		For the 14 Weeks Ended April 5, 2025
Operating lease cost(1)	SG&A	$	13,517	$	14,705



Short-term lease cost	SG&A	$	55	$	166
Variable lease cost	SG&A	$	3,858	$	3,801

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(1) Includes sublease income, which was immaterial.

The following table discloses supplemental balance sheet information for the Company’s leases (in thousands):


Leases	Condensed Consolidated Balance Sheets Location	April 4, 2026		January 3, 2026
Assets
Operating	Operating lease ROU assets	$	120,012	$	118,302


Liabilities
Current:
Operating	Current operating lease liabilities	$	34,441	$	34,768

Noncurrent:
Operating	Long-term operating lease liabilities	$	104,404	$	104,442

The following table discloses the weighted-average remaining lease term and weighted-average discount rate for the Company's leases:

Lease Term and Discount Rate

April 4, 2026

January 3, 2026

Weighted-average remaining lease term:

Operating leases

6.0 years

6.1 years

Weighted-average discount rate:

Operating leases

15.2

Future minimum lease payments by year as of April 4, 2026 were as follows (in thousands):

Supplemental cash flow information related to leases was as follows (in thousands):


	For the 13 Weeks Ended April 4, 2026		For the 14 Weeks Ended April 5, 2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	15,955	$	19,381



Leased assets obtained in exchange for new operating lease liabilities	11,114		3,551