Leases

12 Months Ended

Dec. 28, 2025

Leases [Abstract]

Leases

LEASES

General

The Company has operating and finance leases for manufacturing equipment, corporate offices, showrooms, vehicles, distribution facilities, design centers, as well as computer and office equipment. The Company’s leases have terms ranging from 1 to 20 years, some of which may include options to extend the lease term for up to 5 years, and certain leases may include an option to terminate the lease. Our lease accounting may include these options to extend or terminate a lease when it is reasonably certain that we will exercise that option.

As of December 28, 2025, there were no significant leases that had not commenced.

The table below represents a summary of the balances recorded in the consolidated balance sheets related to the Company’s leases as of December 28, 2025 and December 29, 2024:

	December 28, 2025				December 29, 2024
Balance Sheet Location	Operating Leases		Finance Leases		Operating Leases		Finance Leases
	(in thousands)
Operating lease right-of-use assets	$	78,191			$	76,815
Current portion of operating lease liabilities	$	15,748			$	12,296
Operating lease liabilities	67,205				68,092
Total operating lease liabilities	$	82,953			$	80,388
Property, plant and equipment, net			$	9,574			$	8,079
Accrued expenses			$	3,155			$	2,657
Other long-term liabilities			6,817				5,797
Total finance lease liabilities			$	9,972			$	8,454

Lease Costs

	Fiscal Year
	2025		2024		2023
	(in thousands)
Finance lease cost:
Amortization of right-of-use assets	$	3,477	$	3,079	$	2,808
Interest on lease liabilities	561		457		319
Operating lease cost	20,305		19,495		18,850
Short-term lease cost	557		827		1,143
Variable lease cost	3,467		2,824		2,509
Total lease cost	$	28,367	$	26,682	$	25,629

Other Supplemental Information

	Fiscal Year
	2025		2024		2023
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	534	$	431	$	237
Operating cash flows from operating leases	18,603		17,246		15,552
Financing cash flows from finance leases	3,059		2,913		2,419
Right-of-use assets obtained in exchange for new finance lease liabilities	3,978		3,993		3,612
Right-of-use assets obtained in exchange for new operating lease liabilities	10,159		4,598		15,561

Lease Term and Discount Rate

The table below presents the weighted average remaining lease terms and discount rates for finance and operating leases as of December 28, 2025 and December 29, 2024:

	End of Fiscal Year
	2025		2024
Weighted-average remaining lease term – finance leases (in years)	4.07		3.61
Weighted-average remaining lease term – operating leases (in years)	7.05		7.68
Weighted-average discount rate – finance leases	6.52	%	6.44	%
Weighted-average discount rate – operating leases	6.33	%	6.39	%

Maturity Analysis

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

Fiscal Year	Operating Leases		Finance Leases
	(in thousands)
2026	$	20,284	$	3,696
2027	17,250		3,010
2028	13,492		2,046
2029	11,435		1,101
2030	8,723		539
Thereafter	32,450		972
Total future minimum lease payments (undiscounted)	103,634		11,364
Less: Present value discount	(20,681)		(1,392)
Total lease liabilities	$	82,953	$	9,972

Leases

LEASES

General

The Company has operating and finance leases for manufacturing equipment, corporate offices, showrooms, vehicles, distribution facilities, design centers, as well as computer and office equipment. The Company’s leases have terms ranging from 1 to 20 years, some of which may include options to extend the lease term for up to 5 years, and certain leases may include an option to terminate the lease. Our lease accounting may include these options to extend or terminate a lease when it is reasonably certain that we will exercise that option.

As of December 28, 2025, there were no significant leases that had not commenced.

The table below represents a summary of the balances recorded in the consolidated balance sheets related to the Company’s leases as of December 28, 2025 and December 29, 2024:

	December 28, 2025				December 29, 2024
Balance Sheet Location	Operating Leases		Finance Leases		Operating Leases		Finance Leases
	(in thousands)
Operating lease right-of-use assets	$	78,191			$	76,815
Current portion of operating lease liabilities	$	15,748			$	12,296
Operating lease liabilities	67,205				68,092
Total operating lease liabilities	$	82,953			$	80,388
Property, plant and equipment, net			$	9,574			$	8,079
Accrued expenses			$	3,155			$	2,657
Other long-term liabilities			6,817				5,797
Total finance lease liabilities			$	9,972			$	8,454

Lease Costs

	Fiscal Year
	2025		2024		2023
	(in thousands)
Finance lease cost:
Amortization of right-of-use assets	$	3,477	$	3,079	$	2,808
Interest on lease liabilities	561		457		319
Operating lease cost	20,305		19,495		18,850
Short-term lease cost	557		827		1,143
Variable lease cost	3,467		2,824		2,509
Total lease cost	$	28,367	$	26,682	$	25,629

Other Supplemental Information

	Fiscal Year
	2025		2024		2023
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	534	$	431	$	237
Operating cash flows from operating leases	18,603		17,246		15,552
Financing cash flows from finance leases	3,059		2,913		2,419
Right-of-use assets obtained in exchange for new finance lease liabilities	3,978		3,993		3,612
Right-of-use assets obtained in exchange for new operating lease liabilities	10,159		4,598		15,561

Lease Term and Discount Rate

The table below presents the weighted average remaining lease terms and discount rates for finance and operating leases as of December 28, 2025 and December 29, 2024:

	End of Fiscal Year
	2025		2024
Weighted-average remaining lease term – finance leases (in years)	4.07		3.61
Weighted-average remaining lease term – operating leases (in years)	7.05		7.68
Weighted-average discount rate – finance leases	6.52	%	6.44	%
Weighted-average discount rate – operating leases	6.33	%	6.39	%

Maturity Analysis

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

Fiscal Year	Operating Leases		Finance Leases
	(in thousands)
2026	$	20,284	$	3,696
2027	17,250		3,010
2028	13,492		2,046
2029	11,435		1,101
2030	8,723		539
Thereafter	32,450		972
Total future minimum lease payments (undiscounted)	103,634		11,364
Less: Present value discount	(20,681)		(1,392)
Total lease liabilities	$	82,953	$	9,972