Stockholders' Deficit

3 Months Ended

Mar. 26, 2023

Federal Home Loan Banks [Abstract]

Stockholders' Deficit

4. Stockholders’ Deficit

The following table summarizes the changes in stockholders’ deficit for the first quarter of 2023.

													Accumulated
							Additional						Other
	Common Stock						Paid-in			Retained			Comprehensive
	Shares			Amount			Capital			Deficit			Loss
Balance at January 1, 2023		35,419,718		$	354		$	9,693		$	(4,194,418	)	$	(4,694	)
Net income		—			—			—			104,770			—
Dividends declared on common stock and equivalents ($1.21 per share)		—			—			—			(43,005	)		—
Issuance and cancellation of stock awards, net		14,495			—			—			—			—
Tax payments for restricted stock upon vesting		(5,073	)		—			(1,553	)		—			—
Purchases of common stock		(100,515	)		(1	)		(14,547	)		(15,802	)		—
Exercise of stock options		1,508			—			343			—			—
Non-cash equity-based compensation expense		—			—			7,538			—			—
Currency translation adjustment		—			—			—			—			(451	)
Balance at March 26, 2023		35,330,133		$	353		$	1,474		$	(4,148,455	)	$	(5,145	)

Subsequent to the end of the first quarter of 2023, on April 25, 2023, the Company’s Board of Directors declared a $1.21 per share quarterly dividend on its outstanding common stock for shareholders of record as of June 15, 2023 to be paid on June 30, 2023.

The following table summarizes the changes in stockholders’ deficit for the first quarter 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		—			—			—			90,964			—
Dividends declared on common stock and equivalents ($1.10 per share)		—			—			—			(39,765	)		—
Issuance and cancellation of stock awards, net		340			—			—			—			—
Tax payments for restricted stock upon vesting		(1,875	)		—			(789	)		—			—
Purchases of common stock		(100,810	)		(1	)		(4,037	)		(43,623	)		—
Exercise of stock options		1,445			—			266			—			—
Non-cash equity-based compensation expense		—			—			7,265			—			—
Currency translation adjustment		—			—			—			—			614
Balance at March 27, 2022		36,037,373		$	360		$	3,545		$	(4,200,341	)	$	(2,206	)