FAIR VALUE MEASUREMENT

12 Months Ended

Dec. 28, 2025

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT

Accounts receivable, accounts payable and other accrued expenses, accrued wages and benefits and related taxes approximate their fair values due to the short-term maturities of these assets and liabilities. Our long-term debt is related to a revolving credit agreement and its carrying value approximates fair value as the interest rates are variable and reflect current market rates.

Assets measured at fair value on a recurring basis

Our assets measured at fair value on a recurring basis consisted of the following:

	December 28, 2025
(in thousands)	Total fair value		Quoted prices in active markets for identical assets (level 1)		Significant other observable inputs (level 2)		Significant unobservable inputs (level 3)
Cash and cash equivalents	$	24,510	$	24,510	$	—	$	—
Restricted cash and cash equivalents	19,510		19,510		—		—
Cash, cash equivalents and restricted cash and cash equivalents (1)	$	44,020	$	44,020	$	—	$	—
Municipal debt securities	$	7,836	$	—	$	7,836	$	—
Corporate debt securities	50,334		—		50,334		—
Agency mortgage-backed securities	4,873		—		4,873		—
U.S. government and agency securities	7,973		—		7,973		—
Restricted investments classified as held-to-maturity (2)	$	71,016	$	—	$	71,016	$	—

	December 29, 2024
(in thousands)	Total fair value		Quoted prices in active markets for identical assets (level 1)		Significant other observable inputs (level 2)		Significant unobservable inputs (level 3)
Cash and cash equivalents	$	22,536	$	22,536	$	—	$	—
Restricted cash and cash equivalents	38,564		38,564		—		—
Cash, cash equivalents and restricted cash and cash equivalents (1)	$	61,100	$	61,100	$	—	$	—
Municipal debt securities	$	22,355	$	—	$	22,355	$	—
Corporate debt securities	63,512		—		63,512		—
Agency mortgage-backed securities	11,754		—		11,754		—
U.S. government and agency securities	971		—		971		—
Restricted investments classified as held-to-maturity (2)	$	98,592	$	—	$	98,592	$	—

(1)Cash, cash equivalents and restricted cash and cash equivalents include money market funds, deposits and investments with original maturities of three months or less.

(2)Refer to Note 4: Restricted Cash, Cash Equivalents and Investments for additional details on our held-to-maturity debt securities.

Assets measured at fair value on a nonrecurring basis

Goodwill and intangible assets

In addition to assets that are recorded at fair value on a recurring basis, impairment tests may subject our reporting units with goodwill and other intangible assets to nonrecurring fair value measurement. We performed our annual impairment test for goodwill and indefinite-lived intangible assets as of the first day of fiscal second quarter of 2025. Refer to Note 6: Goodwill and Intangible Assets for additional details on the impairment charges, valuation methodologies and inputs used in the fair value measurements.

For our annual goodwill impairment test as of the first day of fiscal second quarter of 2025, the fair value of each reporting unit was estimated using an equal weighting of the income and market approaches. The various inputs to these fair value models are considered Level 3. As a result of the test, all of our reporting units with remaining goodwill had a fair value in excess of their respective carrying value.

For our annual indefinite-lived intangible asset impairment test as of the first day of fiscal second quarter of 2025, the fair value of our trademarks were estimated using the relief from royalty method. The various inputs to this fair value model are considered Level 3. As a result of the test, a trademark related to our PeopleManagement segment with a carrying value of $2.7 million was written down to its fair value, and an impairment charge of $0.2 million was recognized on our Consolidated Statements of Operations and Comprehensive Income (Loss) for the fiscal year ended December 28, 2025.

Right-of-use and long-lived assets

The execution of a sublease related to our Chicago support center in the fiscal fourth quarter of 2025 required us to reevaluate the related long-lived asset group and test the new asset group for recoverability and impairment. The Chicago support center asset group consists of the operating lease right-of-use asset, and related leasehold improvements and furniture. We estimated the fair value of the asset group using the income approach, specifically a discounted cash flow valuation technique. The various inputs to this fair value model are considered Level 3. As a result of the test, we recognized an impairment charge of $18.4 million on our Consolidated Statements of Operations and Comprehensive Income (Loss) for the fiscal year ended December 28, 2025. The impairment was allocated to the assets within the asset group using a pro-rata method based on relative carrying values, resulting in an operating lease right-of-use asset impairment of $13.0 million, a leasehold improvement impairment of $5.2 million, and a furniture impairment of $0.2 million. Refer to Note 9: Commitments and Contingencies for additional details on the impairment charge, valuation methodology and inputs used in the fair value measurement.