LEASES (Tables)

12 Months Ended

Jan. 03, 2026

Leases [Abstract]

Schedule of Assets and Liabilities Related to Operating and Finance Leases

The following table presents the assets and liabilities related to operating and finance leases (in thousands):

	Balance Sheet Location	January 3, 2026		December 28, 2024
Assets:
Operating lease assets	Operating lease right-of-use assets	$	131,531	$	78,279
Finance lease assets	Property and equipment, net	16,387		5,625
Total lease assets		$	147,918	$	83,904
Liabilities:
Current
Operating lease liabilities	Operating lease liabilities	$	15,044	$	19,621
Finance lease liabilities	Current maturities of long-term debt	953		2,256
Non-current
Operating lease liabilities	Operating lease liabilities, non-current	139,945		73,586
Finance lease liabilities	Long-term debt, net of current portion	237		1,190
Total lease liabilities		$	156,179	$	96,653

Schedule of Lease Cost

The following table presents the components of lease costs (in thousands):

	Fiscal Year Ended
	January 3, 2026		December 28, 2024		December 30, 2023
Operating lease costs	$	23,944	$	19,623	$	14,889
Finance lease cost - amortization of right-of-use assets	2,982		2,014		1,862
Finance lease cost - interest on lease liabilities	59		109		138
Short-term lease cost	1,105		356		246
Variable lease cost	6,539		4,897		5,537
Sublease income	(7)		(827)		(747)
Total lease cost	$	34,622	$	26,172	$	21,925

The following table presents lease terms and discount rates:

	January 3, 2026		December 28, 2024
Weighted average remaining lease term:
Operating leases	8.48 years		6.41 years
Finance leases	2.12 years		2.98 years
Weighted average discount rate:
Operating leases	6.12	%	5.24	%
Finance leases	2.95	%	2.39	%

The following table presents supplemental cash flow information related to our leases (in thousands):

	January 3, 2026		December 28, 2024		December 30, 2023
Cash paid for amounts included in measurement of liabilities:
Operating cash flows used in operating leases	$	23,790	$	20,038	$	15,047
Operating cash flows used in finance leases	59		109		137
Financing cash flows used in finance leases	16,000		3,719		2,131
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases(1)	78,320		16,670		35,497
Finance leases	—		1,362		625

_________________________

(1)During the twelve months ended January 3, 2026, we extended the lease term of our headquarters in Austin, Texas and extended the term of the service agreement related to one of our distribution facilities. This resulted in an increase to right-of-use assets and corresponding lease liabilities of approximately $50.4 million.

Schedule of Operating Lease Liability, Maturity

The following table presents the minimum lease payment obligations of operating and finance lease liabilities (leases with terms in excess of one year) for the next five years and thereafter as of January 3, 2026 (in thousands):

	Operating Leases		Finance Leases		Total
2026	$	21,119	$	973	$	22,092
2027	23,596		142		23,738
2028	24,224		106		24,330
2029	23,367		—		23,367
2030	23,241		—		23,241
Thereafter	90,862		—		90,862
Total lease payments	206,409		1,221		207,630
Less: Effect of discounting to net present value	51,420		31		51,451
Present value of lease liabilities	$	154,989	$	1,190	$	156,179

Schedule of Finance Lease Liability, Maturity

The following table presents the minimum lease payment obligations of operating and finance lease liabilities (leases with terms in excess of one year) for the next five years and thereafter as of January 3, 2026 (in thousands):

	Operating Leases		Finance Leases		Total
2026	$	21,119	$	973	$	22,092
2027	23,596		142		23,738
2028	24,224		106		24,330
2029	23,367		—		23,367
2030	23,241		—		23,241
Thereafter	90,862		—		90,862
Total lease payments	206,409		1,221		207,630
Less: Effect of discounting to net present value	51,420		31		51,451
Present value of lease liabilities	$	154,989	$	1,190	$	156,179