Leases (Tables)

6 Months Ended

Jun. 29, 2025

Leases [Abstract]

Balance Sheet Information, Lessee

The table below represents a summary of the balances recorded in the consolidated condensed balance sheets related to the Company’s leases as of June 29, 2025 and December 29, 2024:

	June 29, 2025				December 29, 2024
Balance Sheet Location	Operating Leases		Finance Leases		Operating Leases		Finance Leases
	(in thousands)
Operating lease right-of-use assets	$	80,619			$	76,815
Current portion of operating lease liabilities	$	13,571			$	12,296
Operating lease liabilities	71,541				68,092
Total operating lease liabilities	$	85,112			$	80,388
Property, plant and equipment, net			$	8,053			$	8,079
Accrued expenses			$	2,724			$	2,657
Other long-term liabilities			5,724				5,797
Total finance lease liabilities			$	8,448			$	8,454

Schedule of Lease Costs

Lease Costs

	Three Months Ended				Six Months Ended
	June 29, 2025		June 30, 2024		June 29, 2025		June 30, 2024
	(in thousands)
Finance lease cost:
Amortization of right-of-use assets	$	869	$	749	$	1,717	$	1,525
Interest on lease liabilities	139		110		276		209
Operating lease cost	5,126		4,822		10,119		9,811
Short-term lease cost	125		199		296		396
Variable lease cost	716		645		1,489		1,335
Total lease cost	$	6,975	$	6,525	$	13,897	$	13,276

Other Supplemental Information, Lessee

Other Supplemental Information

	Three Months Ended				Six Months Ended
	June 29, 2025		June 30, 2024		June 29, 2025		June 30, 2024
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	134	$	105	$	265	$	201
Operating cash flows from operating leases	4,610		4,323		9,047		8,420
Financing cash flows from finance leases	782		721		1,544		1,437
Right-of-use assets obtained in exchange for new finance lease liabilities	438		1,191		986		1,581
Right-of-use assets obtained in exchange for new operating lease liabilities	2,698		634		5,627		899

Weighted Average Lease Term and Discount Rate, Lessee

The table below presents the weighted average remaining lease terms and discount rates for finance and operating leases as of June 29, 2025 and December 29, 2024:

	June 29, 2025		December 29, 2024
Weighted-average remaining lease term – finance leases (in years)	3.47		3.61
Weighted-average remaining lease term – operating leases (in years)	7.44		7.68
Weighted-average discount rate – finance leases	6.60	%	6.44	%
Weighted-average discount rate – operating leases	6.41	%	6.39	%

Lease Liability Maturity Schedule

A maturity analysis of lease payments under non-cancellable leases is presented as follows:

Fiscal Year	Operating Leases		Finance Leases
	(in thousands)
2025 (excluding the six months ended June 29, 2025)	$	9,288	$	1,645
2026	18,977		3,047
2027	15,877		2,389
2028	12,466		1,437
2029	10,856		665
Thereafter	40,424		285
Total future minimum lease payments (undiscounted)	107,888		9,468
Less: Present value discount	(22,776)		(1,020)
Total lease liabilities	$	85,112	$	8,448

Lease Liability Maturity Schedule

A maturity analysis of lease payments under non-cancellable leases is presented as follows:

Fiscal Year	Operating Leases		Finance Leases
	(in thousands)
2025 (excluding the six months ended June 29, 2025)	$	9,288	$	1,645
2026	18,977		3,047
2027	15,877		2,389
2028	12,466		1,437
2029	10,856		665
Thereafter	40,424		285
Total future minimum lease payments (undiscounted)	107,888		9,468
Less: Present value discount	(22,776)		(1,020)
Total lease liabilities	$	85,112	$	8,448