Stockholders' Deficit

8 Months Ended

Sep. 10, 2023

Federal Home Loan Banks [Abstract]

Stockholders' Deficit

4. Stockholders’ Deficit

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

													Accumulated
							Additional						Other
	Common Stock						Paid-in			Retained			Comprehensive
	Shares			Amount			Capital			Deficit			Loss
Balance at June 18, 2023		35,057,585		$	351		$	3,370		$	(4,166,520	)	$	(3,767	)
Net income		—			—			—			147,676			—
Dividends declared on common stock and equivalents ($1.21 per share)		—			—			—			(42,493	)		—
Issuance and cancellation of stock awards, net		4,142			—			—			—			—
Tax payments for restricted stock upon vesting		(5,932	)		—			(2,172	)		—			—
Purchases of common stock		(229,860	)		(3	)		(14,435	)		(76,416	)		—
Exercise of stock options		53,188			1			4,754			—			—
Non-cash equity-based compensation expense		—			—			9,442			—			—
Currency translation adjustment		—			—			—			—			(1,330	)
Balance at September 10, 2023		34,879,123		$	349		$	959		$	(4,137,753	)	$	(5,097	)

The following table summarizes the changes in stockholders’ deficit for the three 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		—			—			—			361,826			—
Dividends declared on common stock and equivalents ($3.63 per share)		—			—			—			(128,143	)		—
Issuance and cancellation of stock awards, net		32,715			—			—			—			—
Tax payments for restricted stock upon vesting		(15,601	)		—			(5,240	)		—			—
Purchases of common stock		(622,405	)		(6	)		(35,806	)		(177,018	)		—
Exercise of stock options		64,696			1			5,805			—			—
Non-cash equity-based compensation expense		—			—			26,507			—			—
Currency translation adjustment		—			—			—			—			(403	)
Balance at September 10, 2023		34,879,123		$	349		$	959		$	(4,137,753	)	$	(5,097	)

Subsequent to the end of the third quarter of 2023, on October 10, 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 December 15, 2023 to be paid on December 29, 2023.

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

													Accumulated
							Additional						Other
	Common Stock						Paid-in			Retained			Comprehensive
	Shares			Amount			Capital			Deficit			Loss
Balance at June 19, 2022		35,899,646		$	359		$	3,589		$	(4,180,367	)	$	(3,890	)
Net income		—			—			—			100,504			—
Dividends declared on common stock and equivalents ($1.10 per share)		—			—			—			(39,035	)		—
Issuance and cancellation of stock awards, net		1,569			—			—			—			—
Tax payments for restricted stock upon vesting		(20,787	)		—			(7,925	)		(371	)		—
Purchases of common stock		(490,789	)		(5	)		(1,699	)		(194,374	)		—
Exercise of stock options		8,573			—			770			—			—
Non-cash equity-based compensation expense		—			—			5,852			—			—
Currency translation adjustment		—			—			—			—			47
Balance at September 11, 2022		35,398,212		$	354		$	587		$	(4,313,643	)	$	(3,843	)

The following table summarizes the changes in stockholders’ deficit for the three 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		—			—			—			293,961			—
Dividends declared on common stock and equivalents ($3.30 per share)		—			—			—			(118,403	)		—
Issuance and cancellation of stock awards, net		15,775			—			—			—			—
Tax payments for restricted stock upon vesting		(26,612	)		—			(10,320	)		(371	)		—
Purchases of common stock		(739,847	)		(7	)		(12,819	)		(280,913	)		—
Exercise of stock options		10,623			—			1,296			—			—
Non-cash equity-based compensation expense		—			—			21,590			—			—
Currency translation adjustment		—			—			—			—			(1,023	)
Balance at September 11, 2022		35,398,212		$	354		$	587		$	(4,313,643	)	$	(3,843	)