v3.26.1
Leases (Tables)
 6 Months Ended
Jul. 03, 2026
Leases [Abstract]  
Summary of Weighted Average Remaining Lease Term and Discount Rate and Leases Within Condensed Consolidated Statement of Operations
Following is a summary of the weighted average remaining lease term and the weighted average discount rate for the Company’s leases:

July 3, 2026December 31, 2025
Weighted average remaining lease term:
Operating leases6.2 years6.4 years
Financing leases3.9 years4.1 years
Weighted average discount rate:
Operating leases4.4 %4.4 %
Financing leases4.9 %4.8 %

Following is a summary of the Company’s leases within the condensed consolidated statements of operations:

Second QuarterFirst Half
(in thousands)2026202520262025
Operating lease costs$6,994 $6,639 $14,028 $13,233 
Short-term and variable leases1,765 1,830 4,033 3,917 
Depreciation expense from financing leases101 374 203 785 
Interest expense on financing lease obligations18 48 38 106 
Total lease cost$8,878 $8,891 $18,302 $18,041 
Summary of Future Minimum Lease Payments for Noncancelable Operating Leases Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of July 3, 2026:
(in thousands)Operating LeasesFinancing Leases
Remainder of 2026$15,056 $314 
202724,989 338 
202820,407 345 
202919,095 352 
203011,454 268 
Thereafter33,320 — 
Total minimum lease payments including interest$124,321 $1,617 
Less: Amounts representing interest15,809 148 
Present value of minimum lease principal payments108,512 1,469 
Less: Current portion of lease liabilities23,637 422 
Noncurrent portion of lease liabilities$84,875 $1,047 

Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2025:

(in thousands)Operating LeasesFinancing Leases
2026$28,530 $627 
202724,969 338 
202820,403 345 
202919,095 352 
203011,447 268 
Thereafter33,290 — 
Total minimum lease payments including interest$137,734 $1,930 
Less: Amounts representing interest18,246 186 
Present value of minimum lease principal payments119,488 1,744 
Less: Current portion of lease liabilities24,412 556 
Noncurrent portion of lease liabilities$95,076 $1,188 
Summary of Future Minimum Lease Payments for Noncancelable Finance Leases Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of July 3, 2026:
(in thousands)Operating LeasesFinancing Leases
Remainder of 2026$15,056 $314 
202724,989 338 
202820,407 345 
202919,095 352 
203011,454 268 
Thereafter33,320 — 
Total minimum lease payments including interest$124,321 $1,617 
Less: Amounts representing interest15,809 148 
Present value of minimum lease principal payments108,512 1,469 
Less: Current portion of lease liabilities23,637 422 
Noncurrent portion of lease liabilities$84,875 $1,047 

Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2025:

(in thousands)Operating LeasesFinancing Leases
2026$28,530 $627 
202724,969 338 
202820,403 345 
202919,095 352 
203011,447 268 
Thereafter33,290 — 
Total minimum lease payments including interest$137,734 $1,930 
Less: Amounts representing interest18,246 186 
Present value of minimum lease principal payments119,488 1,744 
Less: Current portion of lease liabilities24,412 556 
Noncurrent portion of lease liabilities$95,076 $1,188 
Summary of Leases Within Condensed Consolidated Statement of Cash Flow
Following is a summary of the Company’s leases within the condensed consolidated statements of cash flows:

First Half
(in thousands)20262025
Cash flows from operating activities impact:
Operating leases$14,251 $12,521 
Interest payments on financing lease obligations38 106 
Total cash flows from operating activities impact$14,289 $12,627 
Cash flows from financing activities impact:
Principal payments on financing lease obligations$275 $1,320 
Total cash flows from financing activities impact$275 $1,320