Equity and Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 27, 2026

The following table presents information about our repurchases of common stock, all of which were completed through open market purchases (amounts in thousands):


	Thirteen weeks ended June 27, 2026		Twenty-six weeks ended June 27, 2026
Total number of shares repurchased	(1,742)		(2,963)
Total cost of shares repurchased (1)	$	(13,284)	$	(23,400)

(1) The Company’s share repurchases are subject to a 1% excise tax as a result of the Inflation Reduction Act of 2022. Excise taxes incurred on share repurchases represent direct costs of the repurchase and are recorded as a part of the cost basis of the shares within treasury stock.

Schedule of Stockholders Equity

The following table presents a reconciliation of the number of shares of our common stock outstanding (amounts in thousands).


	Common Stock (Shares)	Treasury Stock (Shares)	Total Net Shares Outstanding
Twenty-six weeks ended June 27, 2026
Balance at December 27, 2025	197,857	(1,370)	196,487
Stock option activity, stock awards and employee stock purchase plan	1,089	—	1,089
Repurchases of common stock	—	(1,221)	(1,221)
Balance at March 28, 2026	198,946	(2,591)	196,355
Stock option activity, stock awards and employee stock purchase plan	190	—	190
Repurchases of common stock	—	(1,742)	(1,742)
Balance at June 27, 2026	199,136	(4,333)	194,803




Twenty-six weeks ended June 28, 2025
Balance at December 28, 2024	196,706	—	196,706
Stock option activity, stock awards and employee stock purchase plan	675	—	675
Repurchases of common stock	—	—	—
Balance at March 29, 2025	197,381	—	197,381
Stock option activity, stock awards and employee stock purchase plan	184	—	184
Repurchases of common stock	—	—	—
Balance at June 28, 2025	197,565	—	197,565

Schedule of Accumulated Other Comprehensive Loss

The following is detail of the changes in the Company's accumulated other comprehensive income (loss) from December 28, 2024 to June 27, 2026, including the effect of significant reclassifications out of accumulated other comprehensive income (loss) (net of tax):


	Accumulated Other Comprehensive Income (Loss)
Balance at December 28, 2024	$	(41,656)
Other comprehensive income before reclassifications	5,842
Amounts reclassified from other comprehensive income	(2,052)
Net current period other comprehensive income (1)	3,790
Balance at December 27, 2025	(37,866)
Other comprehensive loss before reclassifications	(2,166)
Amounts reclassified from other comprehensive loss	36
Net current period other comprehensive loss (2)	(2,130)
Balance at June 27, 2026	(39,996)

1.During the year ended December 27, 2025, the Company deferred a loss of $1,956 and reclassified a gain of $2,052 including tax expense of $1,002 into other comprehensive income due to hedging activities. The amounts reclassified out of other comprehensive income were recorded as interest expense. See Note 14 - Derivatives and Hedging for additional information on the interest rate swaps.

2.During the twenty-six weeks ended June 27, 2026, the Company deferred a loss of $1,493, reclassified a loss of $36 and a tax benefit of $382 into other comprehensive loss due to hedging activities. The amounts reclassified out of other comprehensive loss were recorded as interest expense. See Note 14 - Derivatives and Hedging for additional information on the interest rate swaps.