v3.26.1
INCOME TAXES
6 Months Ended
Jun. 28, 2026
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
For the thirteen and twenty-six weeks ended June 28, 2026, the Company calculated the tax provision using a discrete effective tax rate method. The Company’s effective tax rate for the thirteen and twenty-six weeks ended June 28, 2026 was 0% and 1.8%, respectively, which was lower than the U.S. statutory rate of 21.0%, primarily due to the valuation allowance recorded against the Company’s net deferred tax assets, offset by state income tax.
As of June 28, 2026, the Company had a net deferred tax liability balance of $0.6 million, compared to $0.3 million as of December 28, 2025.