Capital Structure

12 Months Ended

Dec. 28, 2025

Text Block [Abstract]

Capital Structure

(10)Capital Structure

The Company’s share repurchase programs have historically been funded by excess operating cash flows, excess proceeds from the Company’s recapitalization transactions and borrowings under the Company’s variable funding notes. The Company’s policy is to recognize the difference between the purchase price and par value of the common stock in additional paid-in capital. In instances where there is no additional paid-in capital, the difference is recognized in retained deficit.

During 2025, 2024 and 2023, the Company repurchased 785,280 shares, 758,242 shares and 789,977 shares of the Company’s common stock for $354.7 million, $327.0 million and $269.0 million, respectively. As of December 28, 2025, the Company had $459.7 million remaining under the $1.0 billion share repurchase authorization approved by its Board of Directors on February 21, 2024 for repurchases of shares of the Company’s common stock.

As of December 28, 2025, authorized common stock consists of 160,000,000 voting shares and 10,000,000 non-voting shares. The share components of outstanding common stock at December 28, 2025 and December 29, 2024 were as follows:

	December 28, 2025		December 29, 2024
Voting		33,624,795		34,278,732
Non-Voting		3,197		3,195
Total Common Stock		33,627,992		34,281,927