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Leases
 9 Months Ended
Sep. 26, 2025
Leases [Abstract]  
Leases Leases
Following is a summary of the weighted average remaining lease term and the weighted average discount rate for the Company’s leases:

September 26, 2025December 31, 2024
Weighted average remaining lease term:
Operating leases6.6 years6.4 years
Financing leases4.3 years2.9 years
Weighted average discount rate:
Operating leases4.4 %4.1 %
Financing leases4.8 %5.2 %

Following is a summary of the Company’s leases within the condensed consolidated statements of operations:

Third QuarterFirst Nine Months
(in thousands)2025202420252024
Operating lease costs$7,208 $7,289 $20,441 $22,553 
Short-term and variable leases1,908 3,421 5,825 9,820 
Depreciation expense from financing leases165 412 950 1,235 
Interest expense on financing lease obligations28 77 134 253 
Total lease cost$9,309 $11,199 $27,350 $33,861 

The future minimum lease payments related to the Company’s leases include renewal options the Company has determined to be reasonably certain and exclude payments to landlords for real estate taxes and common area maintenance. Following is a
summary of future minimum lease payments for all noncancelable operating leases and financing leases as of September 26, 2025:

(in thousands)Operating LeasesFinancing Leases
Remainder of 2025$8,753 $156 
202628,297 627 
202724,742 338 
202820,221 345 
202918,913 352 
Thereafter44,705 268 
Total minimum lease payments including interest$145,631 $2,086 
Less: Amounts representing interest19,473 208 
Present value of minimum lease principal payments126,158 1,878 
Less: Current portion of lease liabilities24,544 548 
Noncurrent portion of lease liabilities$101,614 $1,330 

Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2024:

(in thousands)Operating LeasesFinancing Leases
2025$26,799 $2,869 
202624,578 1,233 
202721,101 338 
202816,427 345 
202915,046 352 
Thereafter27,482 268 
Total minimum lease payments including interest$131,433 $5,405 
Less: Amounts representing interest15,814 374 
Present value of minimum lease principal payments115,619 5,031 
Less: Current portion of lease liabilities23,257 2,685 
Noncurrent portion of lease liabilities$92,362 $2,346 

Following is a summary of the Company’s leases within the condensed consolidated statements of cash flows:

First Nine Months
(in thousands)20252024
Cash flows from operating activities impact:
Operating leases$19,587 $22,454 
Interest payments on financing lease obligations134 253 
Total cash flows from operating activities impact$19,721 $22,707 
Cash flows from financing activities impact:
Principal payments on financing lease obligations$1,675 $1,848 
Total cash flows from financing activities impact$1,675 $1,848 
Leases Leases
Following is a summary of the weighted average remaining lease term and the weighted average discount rate for the Company’s leases:

September 26, 2025December 31, 2024
Weighted average remaining lease term:
Operating leases6.6 years6.4 years
Financing leases4.3 years2.9 years
Weighted average discount rate:
Operating leases4.4 %4.1 %
Financing leases4.8 %5.2 %

Following is a summary of the Company’s leases within the condensed consolidated statements of operations:

Third QuarterFirst Nine Months
(in thousands)2025202420252024
Operating lease costs$7,208 $7,289 $20,441 $22,553 
Short-term and variable leases1,908 3,421 5,825 9,820 
Depreciation expense from financing leases165 412 950 1,235 
Interest expense on financing lease obligations28 77 134 253 
Total lease cost$9,309 $11,199 $27,350 $33,861 

The future minimum lease payments related to the Company’s leases include renewal options the Company has determined to be reasonably certain and exclude payments to landlords for real estate taxes and common area maintenance. Following is a
summary of future minimum lease payments for all noncancelable operating leases and financing leases as of September 26, 2025:

(in thousands)Operating LeasesFinancing Leases
Remainder of 2025$8,753 $156 
202628,297 627 
202724,742 338 
202820,221 345 
202918,913 352 
Thereafter44,705 268 
Total minimum lease payments including interest$145,631 $2,086 
Less: Amounts representing interest19,473 208 
Present value of minimum lease principal payments126,158 1,878 
Less: Current portion of lease liabilities24,544 548 
Noncurrent portion of lease liabilities$101,614 $1,330 

Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2024:

(in thousands)Operating LeasesFinancing Leases
2025$26,799 $2,869 
202624,578 1,233 
202721,101 338 
202816,427 345 
202915,046 352 
Thereafter27,482 268 
Total minimum lease payments including interest$131,433 $5,405 
Less: Amounts representing interest15,814 374 
Present value of minimum lease principal payments115,619 5,031 
Less: Current portion of lease liabilities23,257 2,685 
Noncurrent portion of lease liabilities$92,362 $2,346 

Following is a summary of the Company’s leases within the condensed consolidated statements of cash flows:

First Nine Months
(in thousands)20252024
Cash flows from operating activities impact:
Operating leases$19,587 $22,454 
Interest payments on financing lease obligations134 253 
Total cash flows from operating activities impact$19,721 $22,707 
Cash flows from financing activities impact:
Principal payments on financing lease obligations$1,675 $1,848 
Total cash flows from financing activities impact$1,675 $1,848