| Stockholders' Deficit |
4. Stockholders’ Deficit The following tables summarize the changes in stockholders’ deficit for the second quarter and two fiscal quarters of 2026.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated |
|
|
|
|
|
|
|
|
|
Additional |
|
|
|
|
|
Other |
|
|
|
Common Stock |
|
|
Paid-in |
|
|
Retained |
|
|
Comprehensive |
|
|
|
Shares |
|
|
Amount |
|
|
Capital |
|
|
Deficit |
|
|
Loss |
|
Balance at March 22, 2026 |
|
|
33,503,323 |
|
|
$ |
335 |
|
|
$ |
161 |
|
|
$ |
(3,902,172 |
) |
|
$ |
(5,097 |
) |
Net income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
135,750 |
|
|
|
— |
|
Dividends declared on common stock and equivalents
($1.99 per share) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(66,162 |
) |
|
|
— |
|
Issuance and cancellation of stock awards, net |
|
|
2,987 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Tax payments for restricted stock upon vesting |
|
|
(163 |
) |
|
|
— |
|
|
|
32 |
|
|
|
— |
|
|
|
— |
|
Purchases of common stock |
|
|
(443,917 |
) |
|
|
(4 |
) |
|
|
(12,795 |
) |
|
|
(144,962 |
) |
|
|
— |
|
Exercise of stock options |
|
|
6,615 |
|
|
|
— |
|
|
|
1,086 |
|
|
|
— |
|
|
|
— |
|
Non-cash equity-based compensation expense |
|
|
— |
|
|
|
— |
|
|
|
12,357 |
|
|
|
— |
|
|
|
— |
|
Currency translation adjustment |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(960 |
) |
Balance at June 14, 2026 |
|
|
33,068,845 |
|
|
$ |
331 |
|
|
$ |
841 |
|
|
$ |
(3,977,546 |
) |
|
$ |
(6,057 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated |
|
|
|
|
|
|
|
|
|
Additional |
|
|
|
|
|
Other |
|
|
|
Common Stock |
|
|
Paid-in |
|
|
Retained |
|
|
Comprehensive |
|
|
|
Shares |
|
|
Amount |
|
|
Capital |
|
|
Deficit |
|
|
Loss |
|
Balance at December 28, 2025 |
|
|
33,627,992 |
|
|
$ |
336 |
|
|
$ |
1,910 |
|
|
$ |
(3,898,622 |
) |
|
$ |
(4,766 |
) |
Net income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
275,561 |
|
|
|
— |
|
Dividends declared on common stock and equivalents
($3.98 per share) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(133,440 |
) |
|
|
— |
|
Issuance and cancellation of stock awards, net |
|
|
92,868 |
|
|
|
1 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Tax payments for restricted stock upon vesting |
|
|
(32,500 |
) |
|
|
— |
|
|
|
(305 |
) |
|
|
(12,558 |
) |
|
|
— |
|
Purchases of common stock |
|
|
(632,221 |
) |
|
|
(6 |
) |
|
|
(24,888 |
) |
|
|
(208,487 |
) |
|
|
— |
|
Exercise of stock options |
|
|
12,706 |
|
|
|
— |
|
|
|
2,978 |
|
|
|
— |
|
|
|
— |
|
Non-cash equity-based compensation expense |
|
|
— |
|
|
|
— |
|
|
|
21,146 |
|
|
|
— |
|
|
|
— |
|
Currency translation adjustment |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(1,291 |
) |
Balance at June 14, 2026 |
|
|
33,068,845 |
|
|
$ |
331 |
|
|
$ |
841 |
|
|
$ |
(3,977,546 |
) |
|
$ |
(6,057 |
) |
Subsequent to the end of the second quarter of 2026, on July 14, 2026, the Company’s Board of Directors declared a $1.99 per share quarterly dividend on its outstanding common stock for shareholders of record as of September 15, 2026 to be paid on September 30, 2026. On April 21, 2026, the Company’s Board of Directors approved an addition of $1.0 billion to the $290.2 million that was previously remaining under the Company’s share repurchase program for a total authorization of $1.29 billion for future share repurchases as of that date. As of June 14, 2026, $1.23 billion remained available for future purchases of the Company’s common stock under this share repurchase program. The following tables summarize the changes in stockholders’ deficit for the second quarter and two fiscal quarters of 2025.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated |
|
|
|
|
|
|
|
|
|
Additional |
|
|
|
|
|
Other |
|
|
|
Common Stock |
|
|
Paid-in |
|
|
Retained |
|
|
Comprehensive |
|
|
|
Shares |
|
|
Amount |
|
|
Capital |
|
|
Deficit |
|
|
Loss |
|
Balance at March 23, 2025 |
|
|
34,230,813 |
|
|
$ |
342 |
|
|
$ |
892 |
|
|
$ |
(3,906,833 |
) |
|
$ |
(7,089 |
) |
Net income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
131,091 |
|
|
|
— |
|
Dividends declared on common stock and equivalents
($1.74 per share) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(59,457 |
) |
|
|
— |
|
Issuance and cancellation of stock awards, net |
|
|
3,654 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Tax payments for restricted stock upon vesting |
|
|
(673 |
) |
|
|
— |
|
|
|
(314 |
) |
|
|
— |
|
|
|
— |
|
Purchases of common stock |
|
|
(315,696 |
) |
|
|
(3 |
) |
|
|
(15,500 |
) |
|
|
(135,983 |
) |
|
|
— |
|
Exercise of stock options |
|
|
19,124 |
|
|
|
— |
|
|
|
4,790 |
|
|
|
— |
|
|
|
— |
|
Non-cash equity-based compensation expense |
|
|
— |
|
|
|
— |
|
|
|
10,975 |
|
|
|
— |
|
|
|
— |
|
Currency translation adjustment |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,462 |
|
Balance at June 15, 2025 |
|
|
33,937,222 |
|
|
$ |
339 |
|
|
$ |
843 |
|
|
$ |
(3,971,182 |
) |
|
$ |
(4,627 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated |
|
|
|
|
|
|
|
|
|
Additional |
|
|
|
|
|
Other |
|
|
|
Common Stock |
|
|
Paid-in |
|
|
Retained |
|
|
Comprehensive |
|
|
|
Shares |
|
|
Amount |
|
|
Capital |
|
|
Deficit |
|
|
Loss |
|
Balance at December 29, 2024 |
|
|
34,281,927 |
|
|
$ |
343 |
|
|
$ |
1,272 |
|
|
$ |
(3,956,474 |
) |
|
$ |
(7,432 |
) |
Net income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
280,742 |
|
|
|
— |
|
Dividends declared on common stock and equivalents
($3.48 per share) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(119,257 |
) |
|
|
— |
|
Issuance and cancellation of stock awards, net |
|
|
58,170 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Tax payments for restricted stock upon vesting |
|
|
(19,303 |
) |
|
|
— |
|
|
|
(8,472 |
) |
|
|
— |
|
|
|
— |
|
Purchases of common stock |
|
|
(430,976 |
) |
|
|
(4 |
) |
|
|
(25,632 |
) |
|
|
(176,193 |
) |
|
|
— |
|
Exercise of stock options |
|
|
47,404 |
|
|
|
— |
|
|
|
12,319 |
|
|
|
— |
|
|
|
— |
|
Non-cash equity-based compensation expense |
|
|
— |
|
|
|
— |
|
|
|
21,356 |
|
|
|
— |
|
|
|
— |
|
Currency translation adjustment |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,805 |
|
Balance at June 15, 2025 |
|
|
33,937,222 |
|
|
$ |
339 |
|
|
$ |
843 |
|
|
$ |
(3,971,182 |
) |
|
$ |
(4,627 |
) |
|