Exhibit 99.1
Return on Invested Capital ("ROIC") and Economic Return Calculations GAAP to non-GAAP reconciliation (dollars in thousands):
Nine Months EndedSix Months EndedNine Months Ended
Jul 4,Apr 4,Jun 28,
202620262025
Operating income, as reported$177,561 $116,301 $149,259 
Restructuring and other charges, net— — 4,683 
Accelerated stock-based compensation (1)+12,940 +— +— 
Adjusted operating income190,501 116,301 153,942 
÷3x2÷3
63,500 51,314 
x4x4
Adjusted annualized operating income254,000 232,602 205,256 
Adjusted effective tax ratex16 %x17 %x11 %
Tax impact40,640 39,542 22,578 
Adjusted operating income (tax-effected)$213,360 $193,060 $182,678 
Average invested capital÷$1,431,266 ÷$1,401,134 ÷$1,298,575 
ROIC14.9 %13.8 %14.1 %
Weighted average cost of capital-9.0 %-9.0 %-8.9 %
Economic return5.9 %4.8 %5.2 %
Jul 4,Apr 4,Jan 3,Sep 27,
2026202620262025
Equity$1,528,752 $1,489,800 $1,481,063 $1,454,588 
Plus:
Debt and finance lease obligations - current183,814 143,112 66,837 45,793 
Operating lease obligations - current (2)7,616 7,758 7,943 8,253 
Debt and finance lease obligations - long-term
91,644 91,034 91,139 91,987 
Operating lease obligations - long-term23,888 25,769 27,327 29,422 
Less: Cash and cash equivalents(314,053)(303,133)(248,825)(306,464)
$1,521,661 $1,454,340 $1,425,484 $1,323,579 
Jun 28,Mar 29,Dec 28,Sep 28,
2025202520242024
Equity$1,419,085 $1,351,675 $1,319,069 $1,324,825 
Plus:
Debt and finance lease obligations - current50,678 121,014 121,977 157,325 
Operating lease obligations - current (2)8,470 9,968 14,875 14,697 
Debt and finance lease obligations - long-term
92,215 88,761 88,728 89,993 
Operating lease obligations - long-term31,192 32,720 35,124 32,275 
Less: Cash and cash equivalents(237,567)(310,531)(317,161)(345,109)
$1,364,073 $1,293,607 $1,262,612 $1,274,006 
(1)During the nine months ended July 4, 2026, $12.9 million of accelerated stock-based compensation expense was recorded in selling and administrative expense in the accompanying Condensed Consolidated Statements of Operations as a result of a previously announced executive retirement agreement.
(2)Included in other accrued liabilities on the Condensed Consolidated Balance Sheets.