Stockholders' Deficit

6 Months Ended

Jun. 19, 2022

Federal Home Loan Banks [Abstract]

Stockholders' Deficit

4. Stockholders’ Deficit

The following table summarizes the changes in stockholders’ deficit for the second quarter of 2022.

													Accumulated
							Additional						Other
	Common Stock						Paid-in			Retained			Comprehensive
	Shares			Amount			Capital			Deficit			Loss
Balance at March 27, 2022		36,037,373		$	360		$	3,545		$	(4,200,341	)	$	(2,206	)
Net income		—			—			—			102,493			—
Dividends declared on common stock and equivalents ($1.10 per share)		—			—			—			(39,603	)		—
Issuance and cancellation of stock awards, net		13,866			—			—			—			—
Tax payments for restricted stock upon vesting		(3,950	)		—			(1,606	)		—			—
Purchases of common stock		(148,248	)		(1	)		(7,083	)		(42,916	)		—
Exercise of stock options		605			—			260			—			—
Non-cash equity-based compensation expense		—			—			8,473			—			—
Currency translation adjustment		—			—			—			—			(1,684	)
Balance at June 19, 2022		35,899,646		$	359		$	3,589		$	(4,180,367	)	$	(3,890	)

The following table summarizes the changes in stockholders’ deficit for the two fiscal quarters of 2022.

													Accumulated
							Additional						Other
	Common Stock						Paid-in			Retained			Comprehensive
	Shares			Amount			Capital			Deficit			Loss
Balance at January 2, 2022		36,138,273		$	361		$	840		$	(4,207,917	)	$	(2,820	)
Net income		—			—			—			193,457			—
Dividends declared on common stock and equivalents ($2.20 per share)		—			—			—			(79,368	)		—
Issuance and cancellation of stock awards, net		14,206			—			—			—			—
Tax payments for restricted stock upon vesting		(5,825	)		—			(2,395	)		—			—
Purchases of common stock		(249,058	)		(2	)		(11,120	)		(86,539	)		—
Exercise of stock options		2,050			—			526			—			—
Non-cash equity-based compensation expense		—			—			15,738			—			—
Currency translation adjustment		—			—			—			—			(1,070	)
Balance at June 19, 2022		35,899,646		$	359		$	3,589		$	(4,180,367	)	$	(3,890	)

Subsequent to the end of the second quarter of 2022, on July 19, 2022, the Company’s Board of Directors declared a $1.10 per share quarterly dividend on its outstanding common stock for shareholders of record as of September 15, 2022 to be paid on September 30, 2022.

The following table summarizes the changes in stockholders’ deficit for the second quarter of 2021.

													Accumulated
							Additional						Other
	Common Stock						Paid-in			Retained			Comprehensive
	Shares			Amount			Capital			Deficit			Loss
Balance at March 28, 2021		38,818,197		$	388		$	6,612		$	(3,240,842	)	$	(2,238	)
Net income		—			—			—			116,619			—
Dividends declared on common stock and equivalents ($0.94 per share)		—			—			—			(34,680	)		—
Issuance and cancellation of stock awards, net		837			—			—			—			—
Tax payments for restricted stock upon vesting		(110	)		—			(43	)		—			—
Purchases of common stock		(2,012,596	)		(20	)		(12,181	)		(987,799	)		—
Exercise of stock options		47,243			1			5,331			—			—
Non-cash equity-based compensation expense		—			—			8,296			—			—
Other		—			—			(244	)		—			—
Currency translation adjustment		—			—			—			—			230
Balance at June 20, 2021		36,853,571		$	369		$	7,771		$	(4,146,702	)	$	(2,008	)

The following table summarizes the changes in stockholders’ deficit for the two fiscal quarters of 2021.

													Accumulated
							Additional						Other
	Common Stock						Paid-in			Retained			Comprehensive
	Shares			Amount			Capital			Deficit			Loss
Balance at January 3, 2021		38,868,350		$	389		$	5,122		$	(3,303,492	)	$	(2,424	)
Net income		—			—			—			234,380			—
Dividends declared on common stock and equivalents ($1.88 per share)		—			—			—			(71,155	)		—
Issuance and cancellation of stock awards, net		(1,918	)		—			—			—			—
Tax payments for restricted stock upon vesting		(2,901	)		—			(1,087	)		—			—
Purchases of common stock		(2,078,466	)		(21	)		(18,544	)		(1,006,435	)		—
Exercise of stock options		68,506			1			9,024			—			—
Non-cash equity-based compensation expense		—			—			13,500			—			—
Other		—			—			(244	)		—			—
Currency translation adjustment		—			—			—			—			416
Balance at June 20, 2021		36,853,571		$	369		$	7,771		$	(4,146,702	)	$	(2,008	)