Debt and Finance Lease Obligations (Tables)

12 Months Ended

Jan. 03, 2026

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

As of January 3, 2026, and December 28, 2024, outstanding debt and finance leases consisted of the following:

	As of
	January 3, 2026		December 28, 2024
	(In thousands)
Senior secured notes (1)	$	300,000	$	300,000
Revolving credit facilities (2)	—		—
Unamortized debt issuance costs (1)	(1,349)		(2,437)
Unamortized bond discount (1)	(1,991)		(2,502)
	296,660		295,061
Finance lease obligations (3)	321,279		$	292,543
Less: current portions of finance leases	22,348		12,541
Total debt and finance leases, net of current portions	$	595,591	$	575,063

(1) As of January 3, 2026 and December 28, 2024, long-term debt was comprised of $300 million of senior secured notes issued in October 2021. These notes are presented under the Long-term debt caption of the Company’s consolidated balance sheets at $296.7 million and $295.1 million as of January 3, 2026 and December 28, 2024, respectively. This presentation is net of unamortized bond discount of $2.0 million and $2.5 million and unamortized debt issuance costs of $1.3 million and $2.4 million as of January 3, 2026 and December 28, 2024, respectively. The senior secured notes are presented in the above table at face value and have an annual interest rate of 6.0% through maturity.

(2) No borrowings were outstanding during fiscal 2025 or fiscal 2024. Available borrowing capacity under revolving credit facilities was $340.1 million and $346.2 million on January 3, 2026 and December 28, 2024, respectively. Available borrowing capacity is net of undrawn letters of credit commitments.

(3) Refer to Note 13, Lease Commitments, to the consolidated financial statement for interest rates associated with finance lease obligations.

Schedule of Interest Income and Interest Expense Disclosure

Interest expense, net on the Company’s consolidated statements of operations consisted of the following components:

(in thousands)	Fiscal Year Ended
	January 3, 2026		December 28, 2024		December 30, 2023
	(53 weeks)		(52 weeks)		(52 weeks)
Interest expense	$	49,680	$	47,169	$	44,654
Less: interest income	17,326		27,805		20,908
Interest expense, net	$	32,354	$	19,364	$	23,746