Stockholders’ Equity |
6 Months Ended |
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Jul. 04, 2026 | |
| Stockholders' Equity Note [Abstract] | |
| Stockholders’ Equity | Stockholders’ Equity Share Repurchase Program On August 3, 2023, we announced that our Board of Directors authorized a share repurchase program for the repurchase of up to $150 million of our common stock over an unlimited time period (the “Share Repurchase Program”). During the three and six months ended July 4, 2026 and June 28, 2025, there were no common share repurchases. As of July 4, 2026, we had approximately $108 million of authorized repurchases remaining under the Share Repurchase Program. Preferred Stock On June 14, 2024, in connection with our acquisition of Snap One, we issued 500,000 shares of Series A Cumulative Convertible Participating Preferred Stock (“Preferred Stock”) to CD&R Channel Holdings, L.P. (the “CD&R Stockholder”) for an aggregate purchase price of $500 million pursuant to an investment agreement dated April 14, 2024.
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