Reorganization and Realignment Costs

12 Months Ended

Dec. 28, 2025

Restructuring and Related Activities [Abstract]

Reorganization and Realignment Costs

Reorganization and Realignment Costs

The following is a summary of the initiatives included in “Reorganization and realignment costs:”

	Year Ended
	2025		2024		2023
Organizational Redesign Plan	$	(753)	$	8,367	$	9,064
Other reorganization and realignment plans	628		161		136
Reorganization and realignment costs	$	(125)	$	8,528	$	9,200

Organizational Redesign

In February 2023, the Board of Directors approved a plan to redesign the Company’s organizational structure to better support the execution of the Company’s long-term growth strategy by maximizing organizational efficiency and streamlining decision making (the “Organizational Redesign Plan”). Additionally, in January 2024, the Board of Directors announced the appointment of a new President and Chief Executive Officer and the departure of the Company’s previous President and Chief Executive Officer. The Company expects to incur total costs of approximately $17,000 related to the Organizational Redesign Plan, including costs related to the 2024 succession of the President and Chief Executive Officer role. During 2025, the Company recognized costs totaling $(753), which primarily included a reversal of a severance accrual. During 2024 and 2023, the Company recognized costs totaling $8,367 and $9,064, respectively, which primarily included severance and related employee costs and share-based compensation. The Company expects costs related to the Organizational Redesign Plan to continue into 2026.

The following is a summary of the costs recorded as a result of the Organizational Redesign Plan:

	Year Ended
	2025		2024		2023		Total Incurred Since Inception
Severance and related employee costs	$	(1,170)	$	7,253	$	6,243	$	12,326
Recruitment and relocation costs	13		169		554		736
Third-party and other costs	—		120		996		1,116
	(1,157)		7,542		7,793		14,178
Share-based compensation (a)	404		825		1,271		2,500
Total organizational redesign	$	(753)	$	8,367	$	9,064	$	16,678

_______________

(a)Primarily represents the accelerated recognition of share-based compensation resulting from the termination of employees under the Organizational Redesign Plan.

As of December 28, 2025, the accruals for the Organizational Redesign Plan are included in “Accrued expenses and other current liabilities.” As of December 29, 2024, the accruals for the Organizational Redesign Plan were included in “Accrued expenses and other current liabilities” and “Other liabilities” and totaled $3,872 and $385, respectively. The tables below present a rollforward of our accruals for the Organizational Redesign Plan.

	Balance December 29, 2024		Charges		Payments		Balance December 28, 2025
Severance and related employee costs	$	4,257	$	(1,170)	$	(2,709)	$	378
Recruitment and relocation costs	—		13		(13)		—
Third-party and other costs	—		—		—		—
	$	4,257	$	(1,157)	$	(2,722)	$	378

	Balance December 31, 2023		Charges		Payments		Balance December 29, 2024
Severance and related employee costs	$	1,692	$	7,253	$	(4,688)	$	4,257
Recruitment and relocation costs	—		169		(169)		—
Third-party and other costs	—		120		(120)		—
	$	1,692	$	7,542	$	(4,977)	$	4,257

Other Reorganization and Realignment Plans

For 2025, 2024 and 2023, costs incurred under the Company’s other reorganization and realignment plans were not material. The Company does not expect to incur any material additional costs under these plans.