CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($)
$ in Thousands |
Total |
Common stock |
Additional paid-in capital |
(Accumulated deficit) retained earnings |
Accumulated other comprehensive loss |
Non-controlling interests |
| Beginning balance (in shares) at Dec. 31, 2022 |
|
167,404,047
|
|
|
|
|
| Beginning balance at Dec. 31, 2022 |
|
$ 1,674
|
$ 1,627,681
|
$ 52,934
|
$ (59,773)
|
$ 631
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Share-based compensation expense |
|
|
20,288
|
|
|
|
| Exercise of stock options |
|
|
6,117
|
|
|
|
| Stock issued relating to Employee Stock Purchase Plan (in shares) |
|
82,546
|
|
|
|
|
| Stock issued relating to Employee Stock Purchase Plan |
|
$ 1
|
2,080
|
|
|
|
| Shares issued for exercise/vesting of share-based compensation awards (in shares) |
|
354,093
|
|
|
|
|
| Shares issued for exercise/vesting of share-based compensation awards |
|
$ 4
|
|
|
|
|
| Shares repurchases (in shares) |
|
(3,601,694)
|
|
|
|
|
| Share repurchases |
$ (50,000)
|
$ (36)
|
|
(49,920)
|
|
|
| Forfeiture of restricted stock awards (in shares) |
|
(273,761)
|
|
|
|
|
| Forfeiture of restricted stock awards |
|
$ (3)
|
|
|
|
|
| Net income (loss) |
(798,931)
|
|
|
(798,931)
|
|
|
| Other comprehensive income (loss) |
23,899
|
|
|
|
23,886
|
13
|
| Acquisition of non-controlling interest |
|
|
|
|
|
13
|
| Ending balance (in shares) at Dec. 30, 2023 |
|
163,965,231
|
|
|
|
|
| Ending balance at Dec. 30, 2023 |
$ 826,646
|
$ 1,640
|
1,656,166
|
(795,917)
|
(35,887)
|
644
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Preferred stock (in shares) |
0
|
|
|
|
|
|
| Preferred stock |
$ 0
|
|
|
|
|
|
| Share-based compensation expense |
|
|
12,248
|
|
|
|
| Stock issued relating to Employee Stock Purchase Plan (in shares) |
|
43,764
|
|
|
|
|
| Stock issued relating to Employee Stock Purchase Plan |
|
$ 0
|
502
|
|
|
|
| Shares issued for exercise/vesting of share-based compensation awards (in shares) |
|
170,172
|
|
|
|
|
| Shares issued for exercise/vesting of share-based compensation awards |
|
$ 2
|
|
|
|
|
| Forfeiture of restricted stock awards (in shares) |
|
(99,586)
|
|
|
|
|
| Forfeiture of restricted stock awards |
|
$ (1)
|
|
|
|
|
| Net income (loss) |
5,940
|
|
|
5,940
|
|
|
| Other comprehensive income (loss) |
$ (16,399)
|
|
|
|
(16,399)
|
|
| Ending balance (in shares) at Mar. 30, 2024 |
164,531,712
|
164,079,581
|
|
|
|
|
| Ending balance at Mar. 30, 2024 |
$ 828,938
|
$ 1,641
|
1,668,916
|
(789,977)
|
(52,286)
|
644
|
| Beginning balance (in shares) at Dec. 30, 2023 |
|
163,965,231
|
|
|
|
|
| Beginning balance at Dec. 30, 2023 |
826,646
|
$ 1,640
|
1,656,166
|
(795,917)
|
(35,887)
|
644
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Share-based compensation expense |
|
|
25,087
|
|
|
|
| Stock issued relating to Employee Stock Purchase Plan (in shares) |
|
43,764
|
|
|
|
|
| Stock issued relating to Employee Stock Purchase Plan |
|
$ 0
|
502
|
|
|
|
| Shares issued for exercise/vesting of share-based compensation awards (in shares) |
|
173,021
|
|
|
|
|
| Shares issued for exercise/vesting of share-based compensation awards |
|
$ 2
|
|
|
|
|
| Forfeiture of restricted stock awards (in shares) |
|
(99,586)
|
|
|
|
|
| Forfeiture of restricted stock awards |
|
$ (1)
|
|
|
|
|
| Tax obligations for share-based compensation |
|
|
(980)
|
|
|
|
| Net income (loss) |
27,566
|
|
|
27,566
|
|
|
| Other comprehensive income (loss) |
$ (19,578)
|
|
|
|
(19,578)
|
|
| Acquisition of non-controlling interest |
|
|
|
|
|
(644)
|
| Ending balance (in shares) at Jun. 29, 2024 |
164,531,712
|
164,082,430
|
|
|
|
|
| Ending balance at Jun. 29, 2024 |
$ 858,600
|
$ 1,641
|
1,680,775
|
(768,351)
|
(55,465)
|
0
|
| Beginning balance (in shares) at Dec. 30, 2023 |
|
163,965,231
|
|
|
|
|
| Beginning balance at Dec. 30, 2023 |
826,646
|
$ 1,640
|
1,656,166
|
(795,917)
|
(35,887)
|
644
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Share-based compensation expense |
|
|
38,576
|
|
|
|
| Stock issued relating to Employee Stock Purchase Plan (in shares) |
|
73,196
|
|
|
|
|
| Stock issued relating to Employee Stock Purchase Plan |
|
$ 0
|
904
|
|
|
|
| Shares issued for exercise/vesting of share-based compensation awards (in shares) |
|
174,953
|
|
|
|
|
| Shares issued for exercise/vesting of share-based compensation awards |
|
$ 2
|
|
|
|
|
| Shares repurchases (in shares) |
|
0
|
|
|
|
|
| Share repurchases |
|
$ 0
|
|
|
|
|
| Forfeiture of restricted stock awards (in shares) |
|
(99,586)
|
|
|
|
|
| Forfeiture of restricted stock awards |
|
$ (1)
|
|
|
|
|
| Tax obligations for share-based compensation |
|
|
(998)
|
|
|
|
| Net income (loss) |
9,360
|
|
|
9,360
|
|
|
| Other comprehensive income (loss) |
$ 3,023
|
|
|
|
3,023
|
|
| Acquisition of non-controlling interest |
|
|
|
|
|
(644)
|
| Ending balance (in shares) at Sep. 28, 2024 |
164,531,712
|
164,113,794
|
|
|
|
|
| Ending balance at Sep. 28, 2024 |
$ 876,868
|
$ 1,641
|
1,694,648
|
(786,557)
|
(32,864)
|
0
|
| Beginning balance (in shares) at Dec. 30, 2023 |
|
163,965,231
|
|
|
|
|
| Beginning balance at Dec. 30, 2023 |
826,646
|
$ 1,640
|
1,656,166
|
(795,917)
|
(35,887)
|
644
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Share-based compensation expense |
|
|
52,096
|
|
|
|
| Stock issued relating to Employee Stock Purchase Plan (in shares) |
|
73,196
|
|
|
|
|
| Stock issued relating to Employee Stock Purchase Plan |
|
$ 0
|
904
|
|
|
|
| Shares issued for exercise/vesting of share-based compensation awards (in shares) |
|
256,191
|
|
|
|
|
| Shares issued for exercise/vesting of share-based compensation awards |
|
$ 3
|
|
|
|
|
| Forfeiture of restricted stock awards (in shares) |
|
(452,370)
|
|
|
|
|
| Forfeiture of restricted stock awards |
|
$ (5)
|
|
|
|
|
| Tax obligations for share-based compensation |
|
|
(1,593)
|
|
|
|
| Net income (loss) |
(297,453)
|
|
|
(297,453)
|
|
|
| Other comprehensive income (loss) |
$ (36,184)
|
|
|
|
(36,184)
|
|
| Acquisition of non-controlling interest |
|
|
|
|
|
(644)
|
| Ending balance (in shares) at Dec. 28, 2024 |
163,842,248
|
163,842,248
|
|
|
|
|
| Ending balance at Dec. 28, 2024 |
$ 543,770
|
$ 1,638
|
1,707,573
|
(1,093,370)
|
(72,071)
|
0
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Preferred stock (in shares) |
0
|
|
|
|
|
|
| Preferred stock |
$ 0
|
|
|
|
|
|
| Beginning balance (in shares) at Mar. 30, 2024 |
164,531,712
|
164,079,581
|
|
|
|
|
| Beginning balance at Mar. 30, 2024 |
$ 828,938
|
$ 1,641
|
1,668,916
|
(789,977)
|
(52,286)
|
644
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Share-based compensation expense |
|
|
12,839
|
|
|
|
| Shares issued for exercise/vesting of share-based compensation awards (in shares) |
|
2,849
|
|
|
|
|
| Shares issued for exercise/vesting of share-based compensation awards |
|
$ 0
|
|
|
|
|
| Tax obligations for share-based compensation |
|
|
(980)
|
|
|
|
| Net income (loss) |
21,626
|
|
|
21,626
|
|
|
| Other comprehensive income (loss) |
$ (3,179)
|
|
|
|
(3,179)
|
|
| Acquisition of non-controlling interest |
|
|
|
|
|
(644)
|
| Ending balance (in shares) at Jun. 29, 2024 |
164,531,712
|
164,082,430
|
|
|
|
|
| Ending balance at Jun. 29, 2024 |
$ 858,600
|
$ 1,641
|
1,680,775
|
(768,351)
|
(55,465)
|
0
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Preferred stock (in shares) |
0
|
|
|
|
|
|
| Preferred stock |
$ 0
|
|
|
|
|
|
| Share-based compensation expense |
|
|
13,489
|
|
|
|
| Stock issued relating to Employee Stock Purchase Plan (in shares) |
|
29,432
|
|
|
|
|
| Stock issued relating to Employee Stock Purchase Plan |
|
$ 0
|
402
|
|
|
|
| Shares issued for exercise/vesting of share-based compensation awards (in shares) |
|
1,932
|
|
|
|
|
| Shares issued for exercise/vesting of share-based compensation awards |
|
$ 0
|
|
|
|
|
| Tax obligations for share-based compensation |
|
|
(18)
|
|
|
|
| Net income (loss) |
(18,206)
|
|
|
(18,206)
|
|
|
| Other comprehensive income (loss) |
$ 22,601
|
|
|
|
22,601
|
|
| Ending balance (in shares) at Sep. 28, 2024 |
164,531,712
|
164,113,794
|
|
|
|
|
| Ending balance at Sep. 28, 2024 |
$ 876,868
|
$ 1,641
|
1,694,648
|
(786,557)
|
(32,864)
|
0
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Preferred stock (in shares) |
0
|
|
|
|
|
|
| Preferred stock |
$ 0
|
|
|
|
|
|
| Net income (loss) |
$ (306,813)
|
|
|
|
|
|
| Ending balance (in shares) at Dec. 28, 2024 |
163,842,248
|
163,842,248
|
|
|
|
|
| Ending balance at Dec. 28, 2024 |
$ 543,770
|
$ 1,638
|
1,707,573
|
(1,093,370)
|
(72,071)
|
0
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Preferred stock (in shares) |
0
|
|
|
|
|
|
| Preferred stock |
$ 0
|
|
|
|
|
|
| Share-based compensation expense |
|
|
12,310
|
|
|
|
| Stock issued relating to Employee Stock Purchase Plan (in shares) |
|
44,693
|
|
|
|
|
| Stock issued relating to Employee Stock Purchase Plan |
|
$ 1
|
523
|
|
|
|
| Shares issued for exercise/vesting of share-based compensation awards (in shares) |
|
393,284
|
|
|
|
|
| Shares issued for exercise/vesting of share-based compensation awards |
|
$ 4
|
|
|
|
|
| Forfeiture of restricted stock awards (in shares) |
|
(5,608)
|
|
|
|
|
| Forfeiture of restricted stock awards |
|
$ 0
|
|
|
|
|
| Tax obligations for share-based compensation |
|
|
(2,582)
|
|
|
|
| Net income (loss) |
9,926
|
|
|
9,926
|
|
|
| Other comprehensive income (loss) |
$ 17,483
|
|
|
|
17,483
|
|
| Ending balance (in shares) at Mar. 29, 2025 |
164,274,617
|
164,274,617
|
|
|
|
|
| Ending balance at Mar. 29, 2025 |
$ 581,435
|
$ 1,643
|
1,717,824
|
(1,083,444)
|
(54,588)
|
|
| Beginning balance (in shares) at Dec. 28, 2024 |
163,842,248
|
163,842,248
|
|
|
|
|
| Beginning balance at Dec. 28, 2024 |
$ 543,770
|
$ 1,638
|
1,707,573
|
(1,093,370)
|
(72,071)
|
0
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Share-based compensation expense |
|
|
23,022
|
|
|
|
| Stock issued relating to Employee Stock Purchase Plan (in shares) |
|
44,693
|
|
|
|
|
| Stock issued relating to Employee Stock Purchase Plan |
|
$ 1
|
523
|
|
|
|
| Shares issued for exercise/vesting of share-based compensation awards (in shares) |
|
393,284
|
|
|
|
|
| Shares issued for exercise/vesting of share-based compensation awards |
|
$ 4
|
|
|
|
|
| Forfeiture of restricted stock awards (in shares) |
|
(5,608)
|
|
|
|
|
| Forfeiture of restricted stock awards |
|
$ 0
|
|
|
|
|
| Tax obligations for share-based compensation |
|
|
(2,627)
|
|
|
|
| Net income (loss) |
63,970
|
|
|
63,970
|
|
|
| Other comprehensive income (loss) |
$ 56,398
|
|
|
|
56,398
|
|
| Ending balance (in shares) at Jun. 28, 2025 |
164,274,617
|
164,274,617
|
|
|
|
|
| Ending balance at Jun. 28, 2025 |
$ 685,061
|
$ 1,643
|
1,728,491
|
(1,029,400)
|
(15,673)
|
|
| Beginning balance (in shares) at Dec. 28, 2024 |
163,842,248
|
163,842,248
|
|
|
|
|
| Beginning balance at Dec. 28, 2024 |
$ 543,770
|
$ 1,638
|
1,707,573
|
(1,093,370)
|
(72,071)
|
0
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Share-based compensation expense |
|
|
26,111
|
|
|
|
| Stock issued relating to Employee Stock Purchase Plan (in shares) |
|
76,605
|
|
|
|
|
| Stock issued relating to Employee Stock Purchase Plan |
|
$ 1
|
961
|
|
|
|
| Shares issued for exercise/vesting of share-based compensation awards (in shares) |
|
540,973
|
|
|
|
|
| Shares issued for exercise/vesting of share-based compensation awards |
|
$ 6
|
|
|
|
|
| Forfeiture of restricted stock awards (in shares) |
|
(5,608)
|
|
|
|
|
| Forfeiture of restricted stock awards |
|
$ 0
|
|
|
|
|
| Tax obligations for share-based compensation |
|
|
(3,907)
|
|
|
|
| Net income (loss) |
118,978
|
|
|
118,978
|
|
|
| Other comprehensive income (loss) |
$ 49,342
|
|
|
|
49,342
|
|
| Ending balance (in shares) at Sep. 27, 2025 |
164,531,712
|
164,454,218
|
|
|
|
|
| Ending balance at Sep. 27, 2025 |
$ 735,262
|
$ 1,645
|
1,730,738
|
(974,392)
|
(22,729)
|
|
| Beginning balance (in shares) at Dec. 28, 2024 |
163,842,248
|
163,842,248
|
|
|
|
|
| Beginning balance at Dec. 28, 2024 |
$ 543,770
|
$ 1,638
|
1,707,573
|
(1,093,370)
|
(72,071)
|
0
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Share-based compensation expense |
|
|
32,276
|
|
|
|
| Stock issued relating to Employee Stock Purchase Plan |
|
$ 1
|
961
|
|
|
|
| Shares issued for exercise/vesting of share-based compensation awards (in shares) |
|
618,467
|
|
|
|
|
| Shares issued for exercise/vesting of share-based compensation awards |
|
$ 6
|
|
|
|
|
| Forfeiture of restricted stock awards (in shares) |
|
(5,608)
|
|
|
|
|
| Tax obligations for share-based compensation |
|
|
(4,394)
|
|
|
|
| Net income (loss) |
140,162
|
|
|
140,162
|
|
|
| Other comprehensive income (loss) |
$ 54,420
|
|
|
|
54,420
|
|
| Ending balance (in shares) at Dec. 27, 2025 |
164,531,712
|
164,531,712
|
|
|
|
|
| Ending balance at Dec. 27, 2025 |
$ 767,202
|
$ 1,645
|
1,736,416
|
(953,208)
|
(17,651)
|
0
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Preferred stock (in shares) |
0
|
|
|
|
|
|
| Preferred stock |
$ 0
|
|
|
|
|
|
| Beginning balance (in shares) at Mar. 29, 2025 |
164,274,617
|
164,274,617
|
|
|
|
|
| Beginning balance at Mar. 29, 2025 |
$ 581,435
|
$ 1,643
|
1,717,824
|
(1,083,444)
|
(54,588)
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Share-based compensation expense |
|
|
10,712
|
|
|
|
| Tax obligations for share-based compensation |
|
|
(45)
|
|
|
|
| Net income (loss) |
54,044
|
|
|
54,044
|
|
|
| Other comprehensive income (loss) |
$ 38,915
|
|
|
|
38,915
|
|
| Ending balance (in shares) at Jun. 28, 2025 |
164,274,617
|
164,274,617
|
|
|
|
|
| Ending balance at Jun. 28, 2025 |
$ 685,061
|
$ 1,643
|
1,728,491
|
(1,029,400)
|
(15,673)
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Preferred stock (in shares) |
0
|
|
|
|
|
|
| Preferred stock |
$ 0
|
|
|
|
|
|
| Share-based compensation expense |
|
|
3,089
|
|
|
|
| Stock issued relating to Employee Stock Purchase Plan (in shares) |
|
31,912
|
|
|
|
|
| Stock issued relating to Employee Stock Purchase Plan |
|
$ 0
|
438
|
|
|
|
| Shares issued for exercise/vesting of share-based compensation awards (in shares) |
|
147,689
|
|
|
|
|
| Shares issued for exercise/vesting of share-based compensation awards |
|
$ 2
|
|
|
|
|
| Tax obligations for share-based compensation |
|
|
(1,280)
|
|
|
|
| Net income (loss) |
55,008
|
|
|
55,008
|
|
|
| Other comprehensive income (loss) |
$ (7,056)
|
|
|
|
(7,056)
|
|
| Ending balance (in shares) at Sep. 27, 2025 |
164,531,712
|
164,454,218
|
|
|
|
|
| Ending balance at Sep. 27, 2025 |
$ 735,262
|
$ 1,645
|
1,730,738
|
(974,392)
|
(22,729)
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Preferred stock (in shares) |
0
|
|
|
|
|
|
| Preferred stock |
$ 0
|
|
|
|
|
|
| Net income (loss) |
$ 21,184
|
|
|
|
|
|
| Ending balance (in shares) at Dec. 27, 2025 |
164,531,712
|
164,531,712
|
|
|
|
|
| Ending balance at Dec. 27, 2025 |
$ 767,202
|
$ 1,645
|
$ 1,736,416
|
$ (953,208)
|
$ (17,651)
|
$ 0
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Preferred stock (in shares) |
0
|
|
|
|
|
|
| Preferred stock |
$ 0
|
|
|
|
|
|