v3.26.1
Leases
 6 Months Ended
Jun. 29, 2026
Leases [Abstract]  
Leases Leases
Lessee Accounting
The Company has both finance and operating leases. The finance leases are solely comprised of the Company’s commercial-use vehicles and equipment, maturing in dates ranging from 2026 to 2030, including expected renewal options. Including all renewal options available to the Company, the lease maturity date may extend on a month-to-month basis for an unlimited period of time. Operating leases consist of real estate and vehicle leases, maturing in dates ranging from 2026 to 2033. The Company has elected the practical expedient under ASC 842 to account for lease and non-lease components as a single lease component for its real estate, vehicle, and equipment leases.
Leases were included on the Company’s condensed consolidated balance sheets as follows:
($ in thousands)June 29, 2026December 29, 2025
Finance Leases:
Right-of-use assets, gross$522 $522 
Accumulated depreciation(396)(326)
Right-of-use assets, net(1)
$126 $196 
Current portion of finance lease obligations$36 $110 
Long-term finance lease obligations80 98 
Total lease obligation$116 $208 
Weighted average remaining lease term3.0 years2.4 years
Weighted average discount rate7.5 %8.0 %
Operating Leases:
Right-of-use assets, net$25,361 $23,387 
Current portion of operating lease obligations$2,812 $2,450 
Long-term operating lease obligations25,706 24,051 
Total lease obligations$28,519 $26,501 
Weighted average remaining lease term6.7 years7.1 years
Weighted average discount rate7.3 %7.0 %
___________________
(1)Finance lease right-of-use assets, net are included in other assets on the Company’s condensed consolidated balance sheet.
The components of lease expense are as follows:
Three Months EndedSix Months Ended
($ in thousands)June 29, 2026June 30, 2025June 29, 2026June 30, 2025
Finance lease cost:
Amortization of right-of-use asset$34 $38 $70 $77 
Interest on lease obligations3 6 6 13 
Total finance lease cost$37 $44 $76 $90 
Operating lease cost$1,171 $1,014 $2,233 $1,933 
Short-term lease cost$178 $180 $442 $367 
Variable lease cost(1)
$374 $274 $540 $527 
___________________
(1)Consists primarily of common area maintenance, real estate taxes, utilities, operating expenses, and insurance for real estate leases; insurance and personal property expense for equipment leases; and certain vehicle related charges for finance leases that vary based on actual usage, activity, or other factors that do not depend on an index or rate and therefore are excluded from the measurement of lease liabilities and right-of-use assets.

Supplemental cash flow information related to leases is as follows:
($ in thousands)June 29, 2026December 29, 2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$(2,189)$(3,913)
Financing cash flows from finance leases$(447)$(170)
Future maturities of the Company’s finance and operating lease obligations as of June 29, 2026 were as follows:
($ in thousands)Finance
Leases		Operating
Leases
Remainder of 2026$22 $3,532 
202744 4,941 
202844 5,047 
202920 5,233 
2030— 5,416 
Thereafter— 12,328 
Total lease payments130 36,497 
Less: interest(14)(7,978)
$116 $28,519 
Leases Leases
Lessee Accounting
The Company has both finance and operating leases. The finance leases are solely comprised of the Company’s commercial-use vehicles and equipment, maturing in dates ranging from 2026 to 2030, including expected renewal options. Including all renewal options available to the Company, the lease maturity date may extend on a month-to-month basis for an unlimited period of time. Operating leases consist of real estate and vehicle leases, maturing in dates ranging from 2026 to 2033. The Company has elected the practical expedient under ASC 842 to account for lease and non-lease components as a single lease component for its real estate, vehicle, and equipment leases.
Leases were included on the Company’s condensed consolidated balance sheets as follows:
($ in thousands)June 29, 2026December 29, 2025
Finance Leases:
Right-of-use assets, gross$522 $522 
Accumulated depreciation(396)(326)
Right-of-use assets, net(1)
$126 $196 
Current portion of finance lease obligations$36 $110 
Long-term finance lease obligations80 98 
Total lease obligation$116 $208 
Weighted average remaining lease term3.0 years2.4 years
Weighted average discount rate7.5 %8.0 %
Operating Leases:
Right-of-use assets, net$25,361 $23,387 
Current portion of operating lease obligations$2,812 $2,450 
Long-term operating lease obligations25,706 24,051 
Total lease obligations$28,519 $26,501 
Weighted average remaining lease term6.7 years7.1 years
Weighted average discount rate7.3 %7.0 %
___________________
(1)Finance lease right-of-use assets, net are included in other assets on the Company’s condensed consolidated balance sheet.
The components of lease expense are as follows:
Three Months EndedSix Months Ended
($ in thousands)June 29, 2026June 30, 2025June 29, 2026June 30, 2025
Finance lease cost:
Amortization of right-of-use asset$34 $38 $70 $77 
Interest on lease obligations3 6 6 13 
Total finance lease cost$37 $44 $76 $90 
Operating lease cost$1,171 $1,014 $2,233 $1,933 
Short-term lease cost$178 $180 $442 $367 
Variable lease cost(1)
$374 $274 $540 $527 
___________________
(1)Consists primarily of common area maintenance, real estate taxes, utilities, operating expenses, and insurance for real estate leases; insurance and personal property expense for equipment leases; and certain vehicle related charges for finance leases that vary based on actual usage, activity, or other factors that do not depend on an index or rate and therefore are excluded from the measurement of lease liabilities and right-of-use assets.

Supplemental cash flow information related to leases is as follows:
($ in thousands)June 29, 2026December 29, 2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$(2,189)$(3,913)
Financing cash flows from finance leases$(447)$(170)
Future maturities of the Company’s finance and operating lease obligations as of June 29, 2026 were as follows:
($ in thousands)Finance
Leases		Operating
Leases
Remainder of 2026$22 $3,532 
202744 4,941 
202844 5,047 
202920 5,233 
2030— 5,416 
Thereafter— 12,328 
Total lease payments130 36,497 
Less: interest(14)(7,978)
$116 $28,519