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Stockholders' Deficit
 8 Months Ended
Sep. 07, 2025
Federal Home Loan Banks [Abstract]  
Stockholders' Deficit

4. Stockholders’ Deficit

The following tables summarize the changes in stockholders’ deficit for the third quarter and three fiscal quarters of 2025.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

 

Additional

 

 

 

 

 

Other

 

 

 

Common Stock

 

 

Paid-in

 

 

Retained

 

 

Comprehensive

 

 

 

Shares

 

 

Amount

 

 

Capital

 

 

Deficit

 

 

Loss

 

Balance at June 15, 2025

 

 

33,937,222

 

 

$

339

 

 

$

843

 

 

$

(3,971,182

)

 

$

(4,627

)

Net income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

139,319

 

 

 

—

 

Dividends declared on common stock and equivalents
($1.74 per share)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(59,184

)

 

 

—

 

Issuance and cancellation of stock awards, net

 

 

17,498

 

 

 

1

 

 

 

—

 

 

 

—

 

 

 

—

 

Tax payments for restricted stock upon vesting

 

 

(5,287

)

 

 

—

 

 

 

(2,390

)

 

 

—

 

 

 

—

 

Purchases of common stock

 

 

(165,778

)

 

 

(2

)

 

 

(8,722

)

 

 

(66,624

)

 

 

—

 

Exercise of stock options

 

 

1,490

 

 

 

—

 

 

 

563

 

 

 

—

 

 

 

—

 

Non-cash equity-based compensation expense

 

 

—

 

 

 

—

 

 

 

10,325

 

 

 

—

 

 

 

—

 

Currency translation adjustment

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(618

)

Balance at September 7, 2025

 

 

33,785,145

 

 

$

338

 

 

$

619

 

 

$

(3,957,671

)

 

$

(5,245

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

 

Additional

 

 

 

 

 

Other

 

 

 

Common Stock

 

 

Paid-in

 

 

Retained

 

 

Comprehensive

 

 

 

Shares

 

 

Amount

 

 

Capital

 

 

Deficit

 

 

Loss

 

Balance at December 29, 2024

 

 

34,281,927

 

 

$

343

 

 

$

1,272

 

 

$

(3,956,474

)

 

$

(7,432

)

Net income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

420,061

 

 

 

—

 

Dividends declared on common stock and equivalents
($5.22 per share)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(178,441

)

 

 

—

 

Issuance and cancellation of stock awards, net

 

 

75,668

 

 

 

1

 

 

 

—

 

 

 

—

 

 

 

—

 

Tax payments for restricted stock upon vesting

 

 

(24,590

)

 

 

—

 

 

 

(10,862

)

 

 

—

 

 

 

—

 

Purchases of common stock

 

 

(596,754

)

 

 

(6

)

 

 

(34,354

)

 

 

(242,817

)

 

 

—

 

Exercise of stock options

 

 

48,894

 

 

 

—

 

 

 

12,882

 

 

 

—

 

 

 

—

 

Non-cash equity-based compensation expense

 

 

—

 

 

 

—

 

 

 

31,681

 

 

 

—

 

 

 

—

 

Currency translation adjustment

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2,187

 

Balance at September 7, 2025

 

 

33,785,145

 

 

$

338

 

 

$

619

 

 

$

(3,957,671

)

 

$

(5,245

)

Subsequent to the end of the third quarter of 2025, on October 7, 2025, the Company’s Board of Directors declared a $1.74 per share quarterly dividend on its outstanding common stock for shareholders of record as of December 15, 2025 to be paid on December 26, 2025.

 

The following tables summarize the changes in stockholders’ deficit for the third quarter and three fiscal quarters of 2024.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

 

Additional

 

 

 

 

 

Other

 

 

 

Common Stock

 

 

Paid-in

 

 

Retained

 

 

Comprehensive

 

 

 

Shares

 

 

Amount

 

 

Capital

 

 

Deficit

 

 

Loss

 

Balance at June 16, 2024

 

 

34,956,623

 

 

$

350

 

 

$

30,008

 

 

$

(3,916,008

)

 

$

(5,475

)

Net income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

146,924

 

 

 

—

 

Dividends declared on common stock and equivalents
($1.51 per share)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(52,502

)

 

 

—

 

Issuance and cancellation of stock awards, net

 

 

3,466

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Tax payments for restricted stock upon vesting

 

 

(3,029

)

 

 

(1

)

 

 

(1,445

)

 

 

—

 

 

 

—

 

Purchases of common stock

 

 

(443,302

)

 

 

(4

)

 

 

(39,572

)

 

 

(152,230

)

 

 

—

 

Exercise of stock options

 

 

16,612

 

 

 

—

 

 

 

3,202

 

 

 

—

 

 

 

—

 

Non-cash equity-based compensation expense

 

 

—

 

 

 

—

 

 

 

9,517

 

 

 

—

 

 

 

—

 

Currency translation adjustment

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

598

 

Balance at September 8, 2024

 

 

34,530,370

 

 

$

345

 

 

$

1,710

 

 

$

(3,973,816

)

 

$

(4,877

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

—

 

 

 

—

 

 

 

—

 

 

 

414,726

 

 

 

—

 

Dividends declared on common stock and equivalents
($4.53 per share)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(158,565

)

 

 

—

 

Issuance and cancellation of stock awards, net

 

 

65,135

 

 

 

1

 

 

 

—

 

 

 

—

 

 

 

—

 

Tax payments for restricted stock upon vesting

 

 

(23,417

)

 

 

(1

)

 

 

(10,705

)

 

 

—

 

 

 

—

 

Purchases of common stock

 

 

(499,674

)

 

 

(5

)

 

 

(56,593

)

 

 

(160,329

)

 

 

—

 

Exercise of stock options

 

 

262,144

 

 

 

3

 

 

 

34,666

 

 

 

—

 

 

 

—

 

Non-cash equity-based compensation expense

 

 

—

 

 

 

—

 

 

 

31,541

 

 

 

—

 

 

 

—

 

Currency translation adjustment

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(1,010

)

Balance at September 8, 2024

 

 

34,530,370

 

 

$

345

 

 

$

1,710

 

 

$

(3,973,816

)

 

$

(4,877

)