XML 18 R11.htm IDEA: XBRL DOCUMENT v3.24.2
Stockholders' Deficit
6 Months Ended
Jun. 16, 2024
Federal Home Loan Banks [Abstract]  
Stockholders' Deficit

4. Stockholders’ Deficit

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

 

Additional

 

 

 

 

 

Other

 

 

 

Common Stock

 

 

Paid-in

 

 

Retained

 

 

Comprehensive

 

 

 

Shares

 

 

Amount

 

 

Capital

 

 

Deficit

 

 

Loss

 

Balance at March 24, 2024

 

 

34,801,757

 

 

$

348

 

 

$

1,191

 

 

$

(4,004,877

)

 

$

(4,992

)

Net income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

141,978

 

 

 

—

 

Dividends declared on common stock and equivalents
($
1.51 per share)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(53,109

)

 

 

—

 

Issuance and cancellation of stock awards, net

 

 

17,616

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Tax payments for restricted stock upon vesting

 

 

(5,175

)

 

 

—

 

 

 

(2,560

)

 

 

—

 

 

 

—

 

Exercise of stock options

 

 

142,425

 

 

 

2

 

 

 

20,691

 

 

 

—

 

 

 

—

 

Non-cash equity-based compensation expense

 

 

—

 

 

 

—

 

 

 

10,686

 

 

 

—

 

 

 

—

 

Currency translation adjustment

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(483

)

Balance at June 16, 2024

 

 

34,956,623

 

 

$

350

 

 

$

30,008

 

 

$

(3,916,008

)

 

$

(5,475

)

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

 

 

—

 

 

 

—

 

 

 

—

 

 

 

267,802

 

 

 

—

 

Dividends declared on common stock and equivalents
($
3.02 per share)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(106,063

)

 

 

—

 

Issuance and cancellation of stock awards, net

 

 

61,669

 

 

 

1

 

 

 

—

 

 

 

—

 

 

 

—

 

Tax payments for restricted stock upon vesting

 

 

(20,388

)

 

 

—

 

 

 

(9,260

)

 

 

—

 

 

 

—

 

Purchases of common stock

 

 

(56,372

)

 

 

(1

)

 

 

(17,021

)

 

 

(8,099

)

 

 

—

 

Exercise of stock options

 

 

245,532

 

 

 

3

 

 

 

31,464

 

 

 

—

 

 

 

—

 

Non-cash equity-based compensation expense

 

 

—

 

 

 

—

 

 

 

22,024

 

 

 

—

 

 

 

—

 

Currency translation adjustment

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(1,608

)

Balance at June 16, 2024

 

 

34,956,623

 

 

$

350

 

 

$

30,008

 

 

$

(3,916,008

)

 

$

(5,475

)

 

Subsequent to the end of the second quarter of 2024, on July 16, 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 September 13, 2024 to be paid on September 30, 2024.

 

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

)