Leases (Tables)

6 Months Ended

Jul. 05, 2026

The table below represents a summary of the balances recorded in the consolidated condensed balance sheets related to the Company’s leases as of July 5, 2026 and December 28, 2025:


	July 5, 2026				December 28, 2025
Balance Sheet Location	Operating Leases		Finance Leases		Operating Leases		Finance Leases
	(in thousands)
Operating lease right-of-use assets	$	69,944			$	78,191

Current portion of operating lease liabilities	$	14,537			$	15,748
Operating lease liabilities	60,058				67,205
Total operating lease liabilities	$	74,595			$	82,953

Property, plant and equipment, net			$	11,057			$	9,574

Accrued expenses			$	3,527			$	3,155
Other long-term liabilities			7,923				6,817
Total finance lease liabilities			$	11,450			$	9,972

Schedule of Lease Costs

Lease Costs


	Three Months Ended				Six Months Ended
	July 5, 2026		June 29, 2025		July 5, 2026		June 29, 2025
	(in thousands)
Finance lease cost:
Amortization of right-of-use assets	$	1,044	$	869	$	2,063	$	1,717
Interest on lease liabilities	169		139		342		276
Operating lease cost	4,829		5,126		10,338		10,119
Short-term lease cost	115		125		271		296
Variable lease cost	788		716		1,478		1,489
Total lease cost	$	6,945	$	6,975	$	14,492	$	13,897

Other Supplemental Information, Lessee

Other Supplemental Information


	Three Months Ended				Six Months Ended
	July 5, 2026		June 29, 2025		July 5, 2026		June 29, 2025
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for finance leases	$	156	$	134	$	328	$	265
Operating cash flows for operating leases	4,763		4,610		11,040		9,047
Financing cash flows for finance leases	939		782		1,922		1,544
Right-of-use assets obtained in exchange for new finance lease liabilities	1,524		438		3,595		986
Right-of-use assets obtained in exchange for new operating lease liabilities	374		2,698		1,169		5,627

Weighted Average Lease Term and Discount Rate, Lessee

The table below presents the weighted average remaining lease terms and discount rates for finance and operating leases as of July 5, 2026 and December 28, 2025:


	July 5, 2026		December 28, 2025
Weighted-average remaining lease term – finance leases (in years)	4.03		4.07
Weighted-average remaining lease term – operating leases (in years)	6.75		7.05
Weighted-average discount rate – finance leases	5.77	%	6.52	%
Weighted-average discount rate – operating leases	6.34	%	6.33	%

Lease Liability Maturity Schedule

A maturity analysis of lease payments under non-cancellable leases is presented as follows:


Fiscal Year	Operating Leases		Finance Leases
	(in thousands)
2026 (excluding the six months ended July 5, 2026)	$	9,423	$	2,091
2027	17,428		3,775
2028	13,662		2,812
2029	11,452		1,821
2030	8,686		1,126
Thereafter	31,855		1,196
Total future minimum lease payments (undiscounted)	92,506		12,821
Less: Present value discount	(17,911)		(1,371)
Total lease liabilities	$	74,595	$	11,450

Lease Liability Maturity Schedule

A maturity analysis of lease payments under non-cancellable leases is presented as follows:


Fiscal Year	Operating Leases		Finance Leases
	(in thousands)
2026 (excluding the six months ended July 5, 2026)	$	9,423	$	2,091
2027	17,428		3,775
2028	13,662		2,812
2029	11,452		1,821
2030	8,686		1,126
Thereafter	31,855		1,196
Total future minimum lease payments (undiscounted)	92,506		12,821
Less: Present value discount	(17,911)		(1,371)
Total lease liabilities	$	74,595	$	11,450