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	)