v3.26.3
Leases (Tables)
 9 Months Ended
Oct. 02, 2026
Leases [Abstract]  
Summary of Weighted Average Remaining Lease Term and Discount Rate and Leases Within Condensed Consolidated Statement of Operations
Following is a summary of the weighted average remaining lease term and the weighted average discount rate for the Company’s leases:

October 2, 2026December 31, 2025
Weighted average remaining lease term:
Operating leases6.0 years6.4 years
Financing leases3.8 years4.1 years
Weighted average discount rate:
Operating leases4.5 %4.4 %
Financing leases5.0 %4.8 %

Following is a summary of the Company’s leases within the condensed consolidated statements of operations:

Third QuarterFirst Nine Months
(in thousands)2026202520262025
Operating lease costs$6,809 $7,208 $20,837 $20,441 
Short-term and variable leases1,625 1,908 5,658 5,825 
Depreciation expense from financing leases102 165 305 950 
Interest expense on financing lease obligations17 28 55 134 
Total lease cost$8,553 $9,309 $26,855 $27,350 
Summary of Future Minimum Lease Payments for Noncancelable Operating Leases Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of October 2, 2026:
(in thousands)Operating LeasesFinancing Leases
Remainder of 2026$8,397 $158 
202725,268 338 
202820,680 345 
202919,288 352 
203011,644 268 
Thereafter33,353 — 
Total minimum lease payments including interest$118,630 $1,461 
Less: Amounts representing interest14,748 131 
Present value of minimum lease principal payments103,882 1,330 
Less: Current portion of lease liabilities23,346 354 
Noncurrent portion of lease liabilities$80,536 $976 

Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2025:

(in thousands)Operating LeasesFinancing Leases
2026$28,530 $627 
202724,969 338 
202820,403 345 
202919,095 352 
203011,447 268 
Thereafter33,290 — 
Total minimum lease payments including interest$137,734 $1,930 
Less: Amounts representing interest18,246 186 
Present value of minimum lease principal payments119,488 1,744 
Less: Current portion of lease liabilities24,412 556 
Noncurrent portion of lease liabilities$95,076 $1,188 
Summary of Future Minimum Lease Payments for Noncancelable Finance Leases Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of October 2, 2026:
(in thousands)Operating LeasesFinancing Leases
Remainder of 2026$8,397 $158 
202725,268 338 
202820,680 345 
202919,288 352 
203011,644 268 
Thereafter33,353 — 
Total minimum lease payments including interest$118,630 $1,461 
Less: Amounts representing interest14,748 131 
Present value of minimum lease principal payments103,882 1,330 
Less: Current portion of lease liabilities23,346 354 
Noncurrent portion of lease liabilities$80,536 $976 

Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2025:

(in thousands)Operating LeasesFinancing Leases
2026$28,530 $627 
202724,969 338 
202820,403 345 
202919,095 352 
203011,447 268 
Thereafter33,290 — 
Total minimum lease payments including interest$137,734 $1,930 
Less: Amounts representing interest18,246 186 
Present value of minimum lease principal payments119,488 1,744 
Less: Current portion of lease liabilities24,412 556 
Noncurrent portion of lease liabilities$95,076 $1,188 
Summary of Leases Within Condensed Consolidated Statement of Cash Flow
Following is a summary of the Company’s leases within the condensed consolidated statements of cash flows:

First Nine Months
(in thousands)20262025
Cash flows from operating activities impact:
Operating leases$21,088 $19,587 
Interest payments on financing lease obligations55 134 
Total cash flows from operating activities impact$21,143 $19,721 
Cash flows from financing activities impact:
Principal payments on financing lease obligations$414 $1,675 
Total cash flows from financing activities impact$414 $1,675