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Stockholders' Deficit
 8 Months Ended
Sep. 11, 2022
Federal Home Loan Banks [Abstract]  
Stockholders' Deficit

4. Stockholders’ Deficit

The following table summarizes the changes in stockholders’ deficit for the third quarter of 2022:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

 

Additional

 

 

 

 

 

Other

 

 

 

Common Stock

 

 

Paid-in

 

 

Retained

 

 

Comprehensive

 

 

 

Shares

 

 

Amount

 

 

Capital

 

 

Deficit

 

 

Loss

 

Balance at June 19, 2022

 

 

35,899,646

 

 

$

359

 

 

$

3,589

 

 

$

(4,180,367

)

 

$

(3,890

)

Net income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

100,504

 

 

 

—

 

Dividends declared on common stock and equivalents
($1.10 per share)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(39,035

)

 

 

—

 

Issuance and cancellation of stock awards, net

 

 

1,569

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Tax payments for restricted stock upon vesting

 

 

(20,787

)

 

 

—

 

 

 

(7,925

)

 

 

(371

)

 

 

—

 

Purchases of common stock

 

 

(490,789

)

 

 

(5

)

 

 

(1,699

)

 

 

(194,374

)

 

 

—

 

Exercise of stock options

 

 

8,573

 

 

 

—

 

 

 

770

 

 

 

—

 

 

 

—

 

Non-cash equity-based compensation expense

 

 

—

 

 

 

—

 

 

 

5,852

 

 

 

—

 

 

 

—

 

Currency translation adjustment

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

47

 

Balance at September 11, 2022

 

 

35,398,212

 

 

$

354

 

 

$

587

 

 

$

(4,313,643

)

 

$

(3,843

)

 

The following table summarizes the changes in stockholders’ deficit for the three fiscal quarters of 2022:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

 

Additional

 

 

 

 

 

Other

 

 

 

Common Stock

 

 

Paid-in

 

 

Retained

 

 

Comprehensive

 

 

 

Shares

 

 

Amount

 

 

Capital

 

 

Deficit

 

 

Loss

 

Balance at January 2, 2022

 

 

36,138,273

 

 

$

361

 

 

$

840

 

 

$

(4,207,917

)

 

$

(2,820

)

Net income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

293,961

 

 

 

—

 

Dividends declared on common stock and equivalents
($3.30 per share)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(118,403

)

 

 

—

 

Issuance and cancellation of stock awards, net

 

 

15,775

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Tax payments for restricted stock upon vesting

 

 

(26,612

)

 

 

—

 

 

 

(10,320

)

 

 

(371

)

 

 

—

 

Purchases of common stock

 

 

(739,847

)

 

 

(7

)

 

 

(12,819

)

 

 

(280,913

)

 

 

—

 

Exercise of stock options

 

 

10,623

 

 

 

—

 

 

 

1,296

 

 

 

—

 

 

 

—

 

Non-cash equity-based compensation expense

 

 

—

 

 

 

—

 

 

 

21,590

 

 

 

—

 

 

 

—

 

Currency translation adjustment

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(1,023

)

Balance at September 11, 2022

 

 

35,398,212

 

 

$

354

 

 

$

587

 

 

$

(4,313,643

)

 

$

(3,843

)

 

Subsequent to the end of the third quarter of 2022, on October 11, 2022, the Company’s Board of Directors declared a $1.10 per share quarterly dividend on its outstanding common stock for shareholders of record as of December 15, 2022 to be paid on December 30, 2022.

 

The following table summarizes the changes in stockholders’ deficit for the third quarter of 2021:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

 

Additional

 

 

 

 

 

Other

 

 

 

Common Stock

 

 

Paid-in

 

 

Retained

 

 

Comprehensive

 

 

 

Shares

 

 

Amount

 

 

Capital

 

 

Deficit

 

 

Loss

 

Balance at June 20, 2021

 

 

36,853,571

 

 

$

369

 

 

$

7,771

 

 

$

(4,146,702

)

 

$

(2,008

)

Net income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

120,402

 

 

 

—

 

Dividends declared on common stock and equivalents
($0.94 per share)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(34,400

)

 

 

—

 

Issuance and cancellation of stock awards, net

 

 

938

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Tax payments for restricted stock upon vesting

 

 

(11,918

)

 

 

—

 

 

 

(5,730

)

 

 

—

 

 

 

—

 

Purchases of common stock

 

 

(391,007

)

 

 

(4

)

 

 

(14,801

)

 

 

(64,882

)

 

 

—

 

Exercise of stock options

 

 

113,903

 

 

 

1

 

 

 

6,922

 

 

 

—

 

 

 

—

 

Non-cash equity-based compensation expense

 

 

—

 

 

 

—

 

 

 

5,953

 

 

 

—

 

 

 

—

 

Currency translation adjustment

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(404

)

Balance at September 12, 2021

 

 

36,565,487

 

 

$

366

 

 

$

115

 

 

$

(4,125,582

)

 

$

(2,412

)

 

The following table summarizes the changes in stockholders’ deficit for the three fiscal quarters of 2021:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

 

Additional

 

 

 

 

 

Other

 

 

 

Common Stock

 

 

Paid-in

 

 

Retained

 

 

Comprehensive

 

 

 

Shares

 

 

Amount

 

 

Capital

 

 

Deficit

 

 

Loss

 

Balance at January 3, 2021

 

 

38,868,350

 

 

$

389

 

 

$

5,122

 

 

$

(3,303,492

)

 

$

(2,424

)

Net income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

354,782

 

 

 

—

 

Dividends declared on common stock and equivalents
($2.82 per share)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(105,555

)

 

 

—

 

Issuance and cancellation of stock awards, net

 

 

(980

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Tax payments for restricted stock upon vesting

 

 

(14,819

)

 

 

—

 

 

 

(6,817

)

 

 

—

 

 

 

—

 

Purchases of common stock

 

 

(2,469,473

)

 

 

(25

)

 

 

(33,345

)

 

 

(1,071,317

)

 

 

—

 

Exercise of stock options

 

 

182,409

 

 

 

2

 

 

 

15,946

 

 

 

—

 

 

 

—

 

Non-cash equity-based compensation expense

 

 

—

 

 

 

—

 

 

 

19,453

 

 

 

—

 

 

 

—

 

Other

 

 

—

 

 

 

—

 

 

 

(244

)

 

 

—

 

 

 

—

 

Currency translation adjustment

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

12

 

Balance at September 12, 2021

 

 

36,565,487

 

 

$

366

 

 

$

115

 

 

$

(4,125,582

)

 

$

(2,412

)