Profit Sharing and 401(k) Plan

3 Months Ended

Mar. 30, 2024

Profit Sharing And 401(k) Plan [Abstract]

Profit Sharing and 401(k) Plan

Profit Sharing and 401(k) Plan

Under the Company’s profit sharing and 401(k) plan, eligible employees may defer up to 50% of their compensation on a pre-tax basis, subject to Internal Revenue Service limitations. Each pay period, the Company makes a contribution equal to a percentage of the employee’s contribution. During the three months ended March 30, 2024 and April 1, 2023, the Company’s contributions, net of forfeitures, were $2.0 million and $2.4 million, respectively.