EQUITY |
9 Months Ended |
|---|---|
Sep. 27, 2026 | |
| Stockholders' Equity Note [Abstract] | |
| Equity | EQUITY Authorized capital stock consists of 19,500,000 shares of common stock, par value $0.01 per share and 500,000 shares of undesignated preferred stock, par value $0.01 per share. Repurchase of Common Stock On November 5, 2025, the Company's Board approved a stock repurchase program under which the Company may repurchase up to $5.0 million of its common stock. The repurchase program does not have an expiration date and may be suspended, terminated, or modified at any time for any reason. During Fiscal 2026, the Company repurchased 259,307 shares at a weighted average price of $5.15 per share. The repurchased shares are recorded as part of treasury stock and are accounted for under the cost method. The repurchase program has been used to return capital to shareholders and to minimize the dilutive impact of stock options and other share-based awards. As of September 27, 2026 and December 28, 2025, the Company has approximately $2.1 million and $3.5 million, respectively, available for repurchases under this program. Restricted Stock The Company issued net restricted common stock of 52,025 and 129,477 shares to team members and non-team member (non-employee) directors in Fiscal 2026 and Fiscal 2025, respectively. The restricted shares of $0.01 par value per share were issued under the 2013 Long-Term Incentive Plan (“2013 Plan”) and contain a three-year service condition. The restricted stock constitutes issued and outstanding shares of the Company’s common stock, except for the right of disposal, for all purposes during the period of restriction including voting rights and dividend distributions. Special Cash Dividend On September 11, 2025, the Company's Board of Directors declared a special cash dividend of $2.00 per share of common stock to all stockholders of record as of the close of business on September 23, 2025. This special cash dividend was accrued as of September 28, 2025 and paid on September 30, 2025.
|