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Stockholders' Deficit
12 Months Ended
Dec. 28, 2025
Equity [Abstract]  
Stockholders' Deficit Stockholders' Deficit
Stock Repurchase Programs
On February 17, 2022, the Company's Board of Directors authorized a share repurchase program, effective April 1, 2022, of up to $250 million (the “2022 Repurchase Program”). In connection with the approval of the 2022 Repurchase Program, all prior repurchase programs terminated effective April 1, 2022.
A summary of shares repurchased under the current 2022 Repurchase Program and prior programs, during the years ended December 28, 2025, December 29, 2024 and December 31, 2023 is as follows:
SharesCost of shares
(In millions)
Repurchased during the year ended December 28, 2025
2,352,636 $60.1 
Repurchased during the year ended December 29, 2024
269,621 $12.0 
Repurchased during the year ended December 31, 2023446,189 $26.1 
Repurchases prior to fiscal year 2023
1,149,589 $78.7 
Cumulative repurchases
4,218,035 $176.8 
Remaining value of shares that may be repurchased under the 2022 Repurchase Program
n/a$73.2 
Dividends
During the fiscal years ended December 28, 2025, December 29, 2024 and December 31, 2023, the Company declared and paid dividends on common stock as follows:

Year ended December 28, 2025Declaration DatePayment DateDividends declared per share
Total dividends declared
Total dividends paid
(In millions)(In millions)
Payment of prior year declaration
n/a
January 7, 2025$— $7.8 $7.8 
First quarterFebruary 21, 2025April 4, 20250.51 8.0 8.0 
Second quarterMay 14, 2025July 9, 20250.51 7.8 7.8 
Third quarterSeptember 4, 2025October 8, 20250.51 7.4 7.4 
Fourth quarterNovember 5, 2025January 7, 20260.19 2.5 — 
Total$1.72 $33.5 $31.0 
Year ended December 29, 2024Declaration DatePayment DateDividends declared per share
Total dividends declared
Total dividends paid
Payment of prior year declaration
n/a
January 5, 2024$— $7.7 $7.7 
First quarterFebruary 26, 2024April 5, 20240.51 7.9 7.9 
Second quarterMay 14, 2024July 5, 20240.51 7.8 7.8 
Third quarterSeptember 5, 2024October 8, 20240.51 7.8 7.8 
Fourth quarterNovember 22, 2024January 7, 20250.51 7.8 — 
Total$2.04 $39.0 $31.3 
Year ended December 31, 2023Declaration DatePayment DateDividends declared per share
Total dividends declared
Total dividends paid
Payment of prior year declaration
n/a
January 6, 2023$— $8.0 $8.0 
First quarterFebruary 21, 2023March 31, 20230.51 8.0 8.0 
Second quarterMay 11, 2023July 7, 20230.51 7.9 7.9 
Third quarterSeptember 7, 2023September 29, 20230.51 7.8 7.8 
Fourth quarterNovember 30, 2023January 5, 20240.51 7.7 $— 
Total$2.04 $39.4 $31.7 
Dividends declared on common stock are recorded as a reduction of retained earnings.