v3.26.3
Equity and Accumulated Other Comprehensive Income
 9 Months Ended
Sep. 26, 2026
Equity [Abstract]  
Equity
Common Stock
Hillman Solutions Corp. has one class of common stock.
Share Repurchases
On July 31, 2025, the Board of Directors of the Company authorized a share repurchase program of up to $100,000 (the “Repurchase Program”) of the Company's common stock. The Repurchase Program permits shares of common stock to be repurchased from time to time at management's discretion, through a variety of methods, including a 10b5-1 trading plan, open market purchases, privately negotiated transactions or transactions otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended.
The timing and number of shares of common stock repurchased will be opportunistic depending on a variety of factors, including price, general business and market conditions, alternative investment opportunities and funding considerations. The Repurchase Program does not obligate the Company to repurchase any specific number of shares of common stock and may be suspended or discontinued at any time.
The following table presents information about our repurchases of common stock, all of which were completed through open market purchases (amounts in thousands):

Thirteen weeks ended September 26, 2026Thirty-nine weeks ended September 26, 2026
Total number of shares repurchased(639)(3,602)
Total cost of shares repurchased (1)
$(4,951)$(28,351)
Thirteen weeks ended September 27, 2025Thirty-nine weeks ended September 27, 2025
Total number of shares repurchased(326)(326)
Total cost of shares repurchased (1)
$(3,165)$(3,165)
(1) The Company’s share repurchases are subject to a 1% excise tax as a result of the Inflation Reduction Act of 2022. Excise taxes incurred on share repurchases represent direct costs of the repurchase and are recorded as a part of the cost basis of the shares within treasury stock.
The cost of shares repurchased may differ from the repurchases of common stock amounts in the consolidated statements of cash flows due to unsettled share repurchases at the end of a period and excise taxes incurred on share repurchases.
Stock Rollforward
The following table presents a reconciliation of the number of shares of our common stock outstanding (amounts in thousands).
Common Stock (Shares)
Treasury Stock (Shares)
Total Net Shares Outstanding
Thirty-nine weeks ended September 26, 2026
Balance at December 27, 2025197,857(1,370)196,487
Stock option activity, stock awards and employee stock purchase plan1,089— 1,089
Repurchases of common stock
— (1,221)(1,221)
Balance at March 28, 2026198,946 (2,591)196,355 
Stock option activity, stock awards and employee stock purchase plan190—190
Repurchases of common stock— (1,742)(1,742)
Balance at June 27, 2026199,136 (4,333)194,803 
Stock option activity, stock awards and employee stock purchase plan194—194
Repurchases of common stock— (639)(639)
Balance at September 26, 2026199,330 (4,972)194,358 
Thirty-nine weeks ended September 27, 2025
Balance at December 28, 2024196,706— 196,706
Stock option activity, stock awards and employee stock purchase plan675 — 675 
Repurchases of common stock— — — 
Balance at March 29, 2025197,381 — 197,381 
Stock option activity, stock awards and employee stock purchase plan184 —184 
Repurchases of common stock— — — 
Balance at June 28, 2025197,565 — 197,565 
Stock option activity, stock awards and employee stock purchase plan193—193
Repurchases of common stock— (326)(326)
Balance at September 27, 2025197,758 (326)197,432 
Accumulated Other Comprehensive Income (Loss)
The following is detail of the changes in the Company's accumulated other comprehensive income (loss) from December 28, 2024 to September 26, 2026, including the effect of significant reclassifications out of accumulated other comprehensive income (loss) (net of tax):
Accumulated Other Comprehensive Income (Loss)
Balance at December 28, 2024
$(41,656)
Other comprehensive income before reclassifications5,842 
Amounts reclassified from other comprehensive income(2,052)
Net current period other comprehensive income (1)
3,790 
Balance at December 27, 2025
(37,866)
Other comprehensive loss before reclassifications
(1,871)
Amounts reclassified from other comprehensive loss
94 
Net current period other comprehensive loss (2)
(1,777)
Balance at September 26, 2026
(39,643)
1.During the year ended December 27, 2025, the Company deferred a loss of $1,956 and reclassified a gain of $2,052 including tax expense of $1,002 into other comprehensive income due to hedging activities. The amounts reclassified out of other comprehensive income were recorded as interest expense. See Note 14 - Derivatives and Hedging for additional information on the interest rate swaps.
2.During the thirty-nine weeks ended September 26, 2026, the Company deferred a loss of $1,727, reclassified a loss of $94 and a tax benefit of $455 into other comprehensive loss due to hedging activities. The amounts reclassified out of other comprehensive loss were recorded as interest expense. See Note 14 - Derivatives and Hedging for additional information on the interest rate swaps.