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FAIR VALUE MEASUREMENT
 6 Months Ended
Jun. 28, 2026
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENT FAIR VALUE MEASUREMENT
Accounts receivable, accounts payable and other accrued expenses, accrued wages and benefits and related taxes approximate their fair values due to the short-term maturities of these assets and liabilities. Our long-term debt is related to a revolving credit agreement and its carrying value approximates fair value as the interest rates are variable and reflect current market rates.
Assets measured at fair value on a recurring basis
Our assets measured at fair value on a recurring basis consisted of the following:
June 28, 2026
(in thousands)Total fair valueQuoted prices in active markets for identical assets (level 1)Significant other observable inputs (level 2)Significant unobservable inputs (level 3)
Cash and cash equivalents$23,253 $23,253 $— $— 
Restricted cash and cash equivalents15,727 15,727 — — 
Cash, cash equivalents and restricted cash and cash equivalents (1)
$38,980 $38,980 $— $— 
Municipal debt securities$4,763 $— $4,763 $— 
Corporate debt securities33,737 — 33,737 — 
Agency mortgage-backed securities4,361 — 4,361 — 
U.S. government and agency securities11,698 — 11,698 — 
Restricted investments classified as held-to-maturity (2)$54,559 $— $54,559 $— 
December 28, 2025
(in thousands)Total fair valueQuoted prices in active markets for identical assets (level 1)Significant other observable inputs (level 2)Significant unobservable inputs (level 3)
Cash and cash equivalents$24,510 $24,510 $— $— 
Restricted cash and cash equivalents19,510 19,510 — — 
Cash, cash equivalents and restricted cash and cash equivalents (1)
$44,020 $44,020 $— $— 
Municipal debt securities$7,836 $— $7,836 $— 
Corporate debt securities50,334 — 50,334 — 
Agency mortgage-backed securities4,873 — 4,873 — 
U.S. government and agency securities7,973 — 7,973 — 
Restricted investments classified as held-to-maturity (2)$71,016 $— $71,016 $— 
(1)Cash, cash equivalents and restricted cash and cash equivalents include money market funds, deposits and investments with original maturities of three months or less.
(2)Refer to Note 4: Restricted Cash, Cash Equivalents and Investments for additional details on our held-to-maturity debt securities.
Assets measured at fair value on a nonrecurring basis
In addition to assets that are recorded at fair value on a recurring basis, assets held-for-sale, indefinite-lived intangible assets and our reporting units with remaining goodwill may be subject to nonrecurring fair value measurements.
Assets held-for-sale
As of June 28, 2026, all criteria for classifying our Tacoma headquarters office building and related assets (the “disposal group”) as held-for-sale were met. The fair value of the disposal group was estimated using a market approach, based on the sales comparison approach, which reflects pricing observed in recent market transactions for similar office properties, adjusted for property-specific factors. Because certain inputs to this valuation are not observable in active markets, the measurement is classified within Level 3 of the fair value hierarchy. Refer to Note 5: Supplemental Balance Sheet Information for additional details on our assets held-for-sale.
Goodwill
We performed an interim goodwill impairment test on the HSP reporting unit as of the last day of our fiscal first quarter of 2026. The fair value of the HSP reporting unit was estimated using an equal weighting of the income and market approaches. The various inputs to the fair value model are considered Level 3. Refer to Note 6: Goodwill and Intangible Assets for additional details on the interim impairment test and impairment charge, annual impairment test, valuation methodologies, and inputs used in the fair value measurement.