| Stockholders' Deficit |
4. Stockholders’ Deficit The following tables summarize the changes in stockholders’ deficit for the third quarter and three fiscal quarters of 2026.
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Accumulated |
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Additional |
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Other |
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Common Stock |
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Paid-in |
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Retained |
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Comprehensive |
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Shares |
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Amount |
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Capital |
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Deficit |
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Loss |
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Balance at June 14, 2026 |
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33,068,845 |
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$ |
331 |
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$ |
841 |
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$ |
(3,977,546 |
) |
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$ |
(6,057 |
) |
Net income |
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— |
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— |
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— |
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152,179 |
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— |
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Dividends declared on common stock and equivalents
($1.99 per share) |
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— |
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— |
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— |
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(65,729 |
) |
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— |
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Issuance and cancellation of stock awards, net |
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15,656 |
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— |
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— |
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— |
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— |
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Tax payments for restricted stock upon vesting |
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(4,289 |
) |
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— |
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(1,341 |
) |
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— |
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— |
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Purchases of common stock |
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(216,282 |
) |
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(2 |
) |
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(15,047 |
) |
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(59,277 |
) |
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— |
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Exercise of stock options |
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30,803 |
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— |
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6,227 |
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— |
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— |
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Non-cash equity-based compensation expense |
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— |
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— |
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9,697 |
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— |
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— |
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Currency translation adjustment |
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— |
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— |
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— |
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— |
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626 |
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Balance at September 6, 2026 |
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32,894,733 |
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$ |
329 |
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$ |
377 |
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$ |
(3,950,373 |
) |
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$ |
(5,431 |
) |
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Accumulated |
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Additional |
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Other |
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Common Stock |
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Paid-in |
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Retained |
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Comprehensive |
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Shares |
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Amount |
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Capital |
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Deficit |
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Loss |
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Balance at December 28, 2025 |
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33,627,992 |
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$ |
336 |
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$ |
1,910 |
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$ |
(3,898,622 |
) |
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$ |
(4,766 |
) |
Net income |
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— |
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— |
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— |
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427,740 |
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— |
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Dividends declared on common stock and equivalents
($5.97 per share) |
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— |
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— |
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— |
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(199,169 |
) |
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— |
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Issuance and cancellation of stock awards, net |
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108,524 |
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1 |
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— |
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— |
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— |
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Tax payments for restricted stock upon vesting |
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(36,789 |
) |
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— |
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(1,646 |
) |
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(12,558 |
) |
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— |
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Purchases of common stock |
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(848,503 |
) |
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(8 |
) |
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(39,935 |
) |
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(267,764 |
) |
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— |
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Exercise of stock options |
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43,509 |
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— |
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9,205 |
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— |
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— |
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Non-cash equity-based compensation expense |
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— |
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— |
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30,843 |
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— |
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— |
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Currency translation adjustment |
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— |
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— |
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— |
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— |
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(665 |
) |
Balance at September 6, 2026 |
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32,894,733 |
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$ |
329 |
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$ |
377 |
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$ |
(3,950,373 |
) |
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$ |
(5,431 |
) |
Subsequent to the end of the third quarter of 2026, on October 6, 2026, the Company’s Board of Directors declared a $1.99 per share quarterly dividend on its outstanding common stock for shareholders of record as of December 15, 2026 to be paid on December 30, 2026. On April 21, 2026, the Company’s Board of Directors approved an addition of $1.0 billion to the $290.2 million that was previously remaining under the Company’s share repurchase program for a total authorization of $1.29 billion for future share repurchases as of that date. As of September 6, 2026, $1.15 billion remained available for future purchases of the Company’s common stock under this share repurchase program. The following tables summarize the changes in stockholders’ deficit for the third quarter and three fiscal quarters of 2025.
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Accumulated |
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Additional |
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Other |
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Common Stock |
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Paid-in |
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Retained |
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Comprehensive |
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Shares |
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Amount |
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Capital |
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Deficit |
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Loss |
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Balance at June 15, 2025 |
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33,937,222 |
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$ |
339 |
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$ |
843 |
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$ |
(3,971,182 |
) |
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$ |
(4,627 |
) |
Net income |
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— |
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— |
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— |
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139,319 |
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— |
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Dividends declared on common stock and equivalents
($1.74 per share) |
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— |
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— |
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— |
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(59,184 |
) |
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— |
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Issuance and cancellation of stock awards, net |
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17,498 |
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1 |
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— |
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— |
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— |
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Tax payments for restricted stock upon vesting |
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(5,287 |
) |
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— |
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(2,390 |
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— |
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— |
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Purchases of common stock |
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(165,778 |
) |
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(2 |
) |
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(8,722 |
) |
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(66,624 |
) |
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— |
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Exercise of stock options |
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1,490 |
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— |
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|
563 |
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— |
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— |
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Non-cash equity-based compensation expense |
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— |
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|
— |
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10,325 |
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— |
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— |
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Currency translation adjustment |
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— |
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— |
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— |
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— |
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(618 |
) |
Balance at September 7, 2025 |
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33,785,145 |
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$ |
338 |
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$ |
619 |
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$ |
(3,957,671 |
) |
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$ |
(5,245 |
) |
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Accumulated |
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Additional |
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Other |
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Common Stock |
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Paid-in |
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Retained |
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Comprehensive |
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Shares |
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Amount |
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Capital |
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Deficit |
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Loss |
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Balance at December 29, 2024 |
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34,281,927 |
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$ |
343 |
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$ |
1,272 |
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$ |
(3,956,474 |
) |
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$ |
(7,432 |
) |
Net income |
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— |
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— |
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— |
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420,061 |
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— |
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Dividends declared on common stock and equivalents
($5.22 per share) |
|
|
— |
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|
— |
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|
— |
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(178,441 |
) |
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— |
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Issuance and cancellation of stock awards, net |
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|
75,668 |
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1 |
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— |
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— |
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— |
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Tax payments for restricted stock upon vesting |
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(24,590 |
) |
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— |
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(10,862 |
) |
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— |
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— |
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Purchases of common stock |
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(596,754 |
) |
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(6 |
) |
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(34,354 |
) |
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(242,817 |
) |
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— |
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Exercise of stock options |
|
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48,894 |
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— |
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12,882 |
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— |
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— |
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Non-cash equity-based compensation expense |
|
|
— |
|
|
|
— |
|
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31,681 |
|
|
|
— |
|
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|
— |
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Currency translation adjustment |
|
|
— |
|
|
|
— |
|
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|
— |
|
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|
— |
|
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|
2,187 |
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Balance at September 7, 2025 |
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33,785,145 |
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$ |
338 |
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$ |
619 |
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$ |
(3,957,671 |
) |
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$ |
(5,245 |
) |
|