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Stockholders' Deficit | 3 Months Ended
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Mar. 24, 2024
Federal Home Loan Banks [Abstract] |
Stockholders' Deficit | 4. Stockholders’ Deficit The following table summarizes the changes in stockholders’ deficit for the first quarter of 2024.
|  |  |  |  |  |  |  |  |  |  |  |  |  | Accumulated |
|  |  |  |  |  |  |  | Additional |  |  |  |  |  | Other |
|  | Common Stock |  |  | Paid-in |  |  | Retained |  |  | Comprehensive |
|  | Shares |  |  | Amount |  |  | Capital |  |  | Deficit |  |  | Loss |
Balance at December 31, 2023 |  |  | 34,726,182 |  |  | $ | 347 |  |  | $ | 2,801 |  |  | $ | (4,069,648 | ) |  | $ | (3,867 | )
Net income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 125,824 |  |  |  | — |
Dividends declared on common stock and equivalents ($1.51 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (52,954 | ) |  |  | — |
Issuance and cancellation of stock awards, net |  |  | 44,053 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |
Tax payments for restricted stock upon vesting |  |  | (15,213 | ) |  |  | — |  |  |  | (6,700 | ) |  |  | — |  |  |  | — |
Purchases of common stock |  |  | (56,372 | ) |  |  | (1 | ) |  |  | (17,021 | ) |  |  | (8,099 | ) |  |  | — |
Exercise of stock options |  |  | 103,107 |  |  |  | 1 |  |  |  | 10,773 |  |  |  | — |  |  |  | — |
Non-cash equity-based compensation expense |  |  | — |  |  |  | — |  |  |  | 11,338 |  |  |  | — |  |  |  | — |
Currency translation adjustment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,125 | )
Balance at March 24, 2024 |  |  | 34,801,757 |  |  | $ | 348 |  |  | $ | 1,191 |  |  | $ | (4,004,877 | ) |  | $ | (4,992 | )
Subsequent to the end of the first quarter of 2024, on April 25, 2024, the Company’s Board of Directors declared a $1.51 per share quarterly dividend on its outstanding common stock for shareholders of record as of June 14, 2024 to be paid on June 28, 2024. The following table summarizes the changes in stockholders’ deficit for the first quarter of 2023.
|  |  |  |  |  |  |  |  |  |  |  |  |  | Accumulated |
|  |  |  |  |  |  |  | Additional |  |  |  |  |  | Other |
|  | Common Stock |  |  | Paid-in |  |  | Retained |  |  | Comprehensive |
|  | Shares |  |  | Amount |  |  | Capital |  |  | Deficit |  |  | Loss |
Balance at January 1, 2023 |  |  | 35,419,718 |  |  | $ | 354 |  |  | $ | 9,693 |  |  | $ | (4,194,418 | ) |  | $ | (4,694 | )
Net income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 104,770 |  |  |  | — |
Dividends declared on common stock and equivalents ($1.21 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (43,005 | ) |  |  | — |
Issuance and cancellation of stock awards, net |  |  | 14,495 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Tax payments for restricted stock upon vesting |  |  | (5,073 | ) |  |  | — |  |  |  | (1,553 | ) |  |  | — |  |  |  | — |
Purchases of common stock |  |  | (100,515 | ) |  |  | (1 | ) |  |  | (14,547 | ) |  |  | (15,802 | ) |  |  | — |
Exercise of stock options |  |  | 1,508 |  |  |  | — |  |  |  | 343 |  |  |  | — |  |  |  | — |
Non-cash equity-based compensation expense |  |  | — |  |  |  | — |  |  |  | 7,538 |  |  |  | — |  |  |  | — |
Currency translation adjustment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (451 | )
Balance at March 26, 2023 |  |  | 35,330,133 |  |  | $ | 353 |  |  | $ | 1,474 |  |  | $ | (4,148,455 | ) |  | $ | (5,145 | )

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