Stockholders' Equity

12 Months Ended

Dec. 28, 2025

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders’ Equity

Dividends

During 2025, 2024 and 2023, the Company paid dividends per share of $.67, $1.00 and $1.00, respectively.

Treasury Stock

There were 470,424 shares of common stock issued at the beginning and end of 2025, 2024 and 2023. Treasury stock activity for 2025, 2024 and 2023 was as follows:

	Year Ended
	2025	2024	2023
Number of shares at beginning of year	266,590	265,027	257,323
Repurchases of common stock	14,361	4,305	9,107
Common shares issued:
Stock options, net	(208)	(1,986)	(989)
Restricted stock, net	(501)	(652)	(322)
Director fees	(24)	(20)	(22)
Other	(118)	(84)	(70)
Number of shares at end of year	280,100	266,590	265,027

Repurchases of Common Stock

In January 2023, our Board of Directors authorized a repurchase program for up to $500,000 of our common stock through February 28, 2027, when and if market conditions warrant and to the extent legally permissible (the “January 2023 Authorization”). During 2025, the Company repurchased 14,361 shares under the January 2023 Authorization with an aggregate purchase price of $200,000, excluding excise tax of $1,930 and commissions of $201. During 2025, the Company paid $565 in excise tax on shares repurchased during 2024. As of December 28, 2025, the Company had $35,000 of availability remaining under the January 2023 Authorization.

During 2024, the Company repurchased 4,305 shares under the January 2023 Authorization with an aggregate purchase price of $75,000, excluding excise tax of $564 and commissions of $60. During 2024, the Company paid $1,742 in excise tax on shares repurchased during 2023.

During 2023, the Company repurchased 9,107 shares under the January 2023 Authorization with an aggregate purchase price of $190,000, of which $573 was accrued as of December 31, 2023, and excluding excise tax of $1,744 and commissions of $127.

Preferred Stock

There were 100,000 shares authorized and no shares issued of preferred stock throughout 2025, 2024 and 2023.

Accumulated Other Comprehensive Loss

The following table provides a rollforward of accumulated other comprehensive loss, which is entirely comprised of foreign currency translation:

	Year Ended
	2025		2024		2023
Balance at beginning of period	$	(74,753)	$	(58,375)	$	(64,176)
Foreign currency translation	10,785		(16,378)		5,801
Balance at end of period	$	(63,968)	$	(74,753)	$	(58,375)