LEASES (Tables)

12 Months Ended

Dec. 28, 2025

Schedule of Components of Lease Expense and Supplemental Cash Flow Information

The following table presents components of lease expense (in thousands). Operating lease cost, finance lease amortization and finance lease interest are respectively included in Cost of sales, SG&A expense and Interest expense, net of capitalized interest in the Consolidated Statements of Income.


	Year Ended
	December 28, 2025		December 29, 2024
Operating lease cost(a)	$	82,986	$	86,684
Amortization of finance lease assets	426		650
Interest on finance leases	39		58
Short-term lease cost	104,274		103,364
Variable lease cost	2,315		2,577
Net lease cost	$	190,040	$	193,333

(a)Sublease income is immaterial and not included in operating lease costs.

Supplemental cash flow information related to leases is as follows (in thousands):


	Year Ended
	December 28, 2025		December 29, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows - operating leases	$	86,231	$	84,806
Operating cash flows - finance leases	43		40
Financing cash flows - finance leases	540		616
Operating lease assets obtained in exchange for operating lease liabilities	77,973		66,060

Schedule of Weighted-Average Remaining Lease Term and Discount Rate and Lease Liabilities

The weighted-average remaining lease term and discount rate for lease liabilities included in our Consolidated Balance Sheets are as follows:


	December 28, 2025		December 29, 2024
Weighted-average remaining lease term:
Operating leases	6.05 years		6.11 years
Finance leases	2.39 years		3.35 years
Weighted-average discount rate:
Operating leases	5.09	%	4.53	%
Finance leases	2.90	%	2.66	%

Lease liabilities are included in our Consolidated Balance Sheets as follows (in thousands):


	December 28, 2025				December 29, 2024
	Operating Leases		Finance Leases		Operating Leases		Finance Leases
Accrued expenses and other current liabilities	$	59,630	$	—	$	63,327	$	—
Current maturities of long-term debt	—		585		—		536
Noncurrent operating lease liability, less current maturities	199,315		—		195,944		—
Long-term debt, less current maturities	—		804		—		1,256
Total lease liabilities	$	258,945	$	1,389	$	259,271	$	1,792

Schedule of Future Minimum Operating Lease Payments

Future minimum lease payments under noncancelable leases as of December 28, 2025 are as follows (in thousands):


	Operating Leases		Finance Leases
For the fiscal years ending December:
2026	$	78,436	$	617
2027	59,386		575
2028	44,698		248
2029	33,482		—
2030	21,380		—
Thereafter	61,848		—
Total future minimum lease payments	299,230		1,440
Less: imputed interest	(40,285)		(51)
Present value of lease liabilities	$	258,945	$	1,389

Schedule of Future Minimum Finance Lease Payments

Future minimum lease payments under noncancelable leases as of December 28, 2025 are as follows (in thousands):


	Operating Leases		Finance Leases
For the fiscal years ending December:
2026	$	78,436	$	617
2027	59,386		575
2028	44,698		248
2029	33,482		—
2030	21,380		—
Thereafter	61,848		—
Total future minimum lease payments	299,230		1,440
Less: imputed interest	(40,285)		(51)
Present value of lease liabilities	$	258,945	$	1,389