Fair Value Measurement	6 Months Ended
Jul. 04, 2026
Fair Value Disclosures [Abstract]
Fair Value Measurement	Fair Value Measurement Recurring fair value measurements Interest Rate Derivatives Derivative assets and liabilities are recognized at fair value, which reflects the estimated amounts the Company would receive or pay to settle the interest rate derivatives prior to their contractual expiration dates. The fair value is based on information that is model-driven based on regression analysis and whose inputs were observable (Level 2 inputs) such as Term Secured Overnight Financing Rate (“Term SOFR”) forward rates. See Note 5. “Interest Rate Derivatives” for further details. Non-recurring fair value measurements These non-recurring fair value measurements are classified as Level 3 measurements in the fair value hierarchy. Long-lived Store and ROU Store Assets The Company recognized $2.5 million of impairment charges during the three and six months ended July 4, 2026, related to the Eyeglass World lab optimization initiative. Refer to Note 11. “Restructuring” for additional information. The fair value of the impaired equipment was determined using a market approach based on market information for comparable used equipment, adjusted as necessary to reflect the age, condition, functionality, and marketability of the specific assets. Significant judgment was required in estimating the recoverable values of the assets, and changes in market conditions or assumptions could result in different fair value measurement. The estimated remaining fair value of the assets impaired during the six months ended July 4, 2026 was $0.7 million. We recognized $0.5 million related to tangible long-lived store assets and ROU assets for the six months ended June 28, 2025. The cash flows used in estimating fair value were discounted using a market rate of 10.5% during the six months ended June 28, 2025. A decrease in the estimated cash flows would lead to a lower fair value measurement, as would an increase in the discount rate. The estimated remaining fair value of the store assets impaired during the six months ended June 28, 2025 was $0.5 million. Substantially all of the remaining fair value of the impaired store assets represents the fair value of ROU assets. Additional fair value information Term Loan A and Revolving Loans Since the borrowings under first lien term loan (“Term Loan A”) and revolving credit loans (the “Revolving Loans”) utilize variable interest rate setting mechanisms such as Term SOFR, the fair values of these borrowings are deemed to approximate the carrying values. We also considered the effect of our own credit risk on the fair values of Term Loan A and Revolving Loans. Refer to Note 4. “Debt” for more information on these borrowings.

Derivative assets and liabilities are recognized at fair value, which reflects the estimated amounts the Company would receive or pay to settle the interest rate derivatives prior to their contractual expiration dates. The fair value is based on information that is model-driven based on regression analysis and whose inputs were observable (Level 2 inputs) such as Term Secured Overnight Financing Rate (“Term SOFR”) forward rates. See Note 5. “Interest Rate Derivatives” for further details.

The Company recognized $2.5 million of impairment charges during the three and six months ended July 4, 2026, related to the Eyeglass World lab optimization initiative. Refer to Note 11. “Restructuring” for additional information. The fair value of the impaired equipment was determined using a market approach based on market information for comparable used equipment, adjusted as necessary to reflect the age, condition, functionality, and marketability of the specific assets. Significant judgment was required in estimating the recoverable values of the assets, and changes in market conditions or assumptions could result in different fair value measurement. The estimated remaining fair value of the assets impaired during the six months ended July 4, 2026 was $0.7 million.

We recognized $0.5 million related to tangible long-lived store assets and ROU assets for the six months ended June 28, 2025. The cash flows used in estimating fair value were discounted using a market rate of 10.5% during the six months ended June 28, 2025. A decrease in the estimated cash flows would lead to a lower fair value measurement, as would an increase in the discount rate. The estimated remaining fair value of the store assets impaired during the six months ended June 28, 2025 was $0.5 million. Substantially all of the remaining fair value of the impaired store assets represents the fair value of ROU assets.

Since the borrowings under first lien term loan (“Term Loan A”) and revolving credit loans (the “Revolving Loans”) utilize variable interest rate setting mechanisms such as Term SOFR, the fair values of these borrowings are deemed to approximate the carrying values. We also considered the effect of our own credit risk on the fair values of Term Loan A and Revolving Loans. Refer to Note 4. “Debt” for more information on these borrowings.