Stockholders' Deficit

3 Months Ended

Mar. 24, 2024

Federal Home Loan Banks [Abstract]

Stockholders' Deficit

4. Stockholders’ Deficit

The following table summarizes the changes in stockholders’ deficit for the first quarter of 2024.

													Accumulated
							Additional						Other
	Common Stock						Paid-in			Retained			Comprehensive
	Shares			Amount			Capital			Deficit			Loss
Balance at December 31, 2023		34,726,182		$	347		$	2,801		$	(4,069,648	)	$	(3,867	)
Net income		—			—			—			125,824			—
Dividends declared on common stock and equivalents ($1.51 per share)		—			—			—			(52,954	)		—
Issuance and cancellation of stock awards, net		44,053			1			—			—			—
Tax payments for restricted stock upon vesting		(15,213	)		—			(6,700	)		—			—
Purchases of common stock		(56,372	)		(1	)		(17,021	)		(8,099	)		—
Exercise of stock options		103,107			1			10,773			—			—
Non-cash equity-based compensation expense		—			—			11,338			—			—
Currency translation adjustment		—			—			—			—			(1,125	)
Balance at March 24, 2024		34,801,757		$	348		$	1,191		$	(4,004,877	)	$	(4,992	)

Subsequent to the end of the first quarter of 2024, on April 25, 2024, the Company’s Board of Directors declared a $1.51 per share quarterly dividend on its outstanding common stock for shareholders of record as of June 14, 2024 to be paid on June 28, 2024.

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	)