Stockholders' Deficit

6 Months Ended

Jun. 18, 2023

Federal Home Loan Banks [Abstract]

Stockholders' Deficit

4. Stockholders’ Deficit

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

													Accumulated
							Additional						Other
	Common Stock						Paid-in			Retained			Comprehensive
	Shares			Amount			Capital			Deficit			Loss
Balance at March 26, 2023		35,330,133		$	353		$	1,474		$	(4,148,455	)	$	(5,145	)
Net income		—			—			—			109,380			—
Dividends declared on common stock and equivalents ($1.21 per share)		—			—			—			(42,645	)		—
Issuance and cancellation of stock awards, net		14,078			—			—			—			—
Tax payments for restricted stock upon vesting		(4,596	)		—			(1,515	)		—			—
Purchases of common stock		(292,030	)		(2	)		(6,824	)		(84,800	)		—
Exercise of stock options		10,000			—			708			—			—
Non-cash equity-based compensation expense		—			—			9,527			—			—
Currency translation adjustment		—			—			—			—			1,378
Balance at June 18, 2023		35,057,585		$	351		$	3,370		$	(4,166,520	)	$	(3,767	)

The following table summarizes the changes in stockholders’ deficit for the two fiscal quarters 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		—			—			—			214,150			—
Dividends declared on common stock and equivalents ($2.42 per share)		—			—			—			(85,650	)		—
Issuance and cancellation of stock awards, net		28,573			—			—			—			—
Tax payments for restricted stock upon vesting		(9,669	)		—			(3,068	)		—			—
Purchases of common stock		(392,545	)		(3	)		(21,371	)		(100,602	)		—
Exercise of stock options		11,508			—			1,051			—			—
Non-cash equity-based compensation expense		—			—			17,065			—			—
Currency translation adjustment		—			—			—			—			927
Balance at June 18, 2023		35,057,585		$	351		$	3,370		$	(4,166,520	)	$	(3,767	)

Subsequent to the end of the second quarter of 2023, on July 20, 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 September 15, 2023 to be paid on September 29, 2023.

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	)