Stockholders' Deficit

12 Months Ended

Dec. 27, 2025


(3)			Stockholders’ Deficit

Dividends

In connection with the Company's regular dividend program, the Company declared and paid dividends of $31.8 million, or $1.14 per common share, in fiscal year 2025, $28.7 million, or $0.98 per common share, in fiscal year 2024, and $24.4 million, or $0.82 per common share, in fiscal year 2023.

Subsequent to the end of fiscal year 2025, on February 17, 2026, the Company’s board of directors declared a quarterly dividend of $0.30 per share of common stock, to be paid on March 27, 2026 to stockholders of record as of March 6, 2026, totaling approximately $8.3 million.

Share Repurchase Program

The following table summarized shares repurchased and retired, and the average price per share, during the periods presented:


	December 27, 2025			December 28, 2024			December 30, 2023
	# of shares	Weighted average price per share		# of shares	Weighted average price per share		# of shares	Weighted average price per share
2023 & 2024 ASR Agreements	317,202	292.28		551,325	305.33		645,952	$	193.51
Share repurchases	901,191	243.81		169,479	377.09		—	—
Total share repurchases	1,218,393	$	256.43	720,804	$	322.20	645,952	$	193.51

In August 2023, the Company announced a share repurchase program (the "Share Repurchase Program”), authorizing the repurchase of up to $250.0 million of its outstanding shares of common stock and entered into an accelerated share repurchase agreement (the “2023 ASR Agreement”) with a third-party financial institution to repurchase $125.0 million of the Company’s common stock. Final settlement of the 2023 ASR Agreement occurred in December 2023.

In December 2024, the Company’s Board of Directors authorized the purchase of an additional $500.0 million of its outstanding shares of common stock under the Share Repurchase Program and entered into an accelerated share repurchase agreement (the "2024 ASR Agreement”) with a third-party financial institution to repurchase $250.0 million of the Company’s common stock. Final settlement of the 2024 ASR Agreement occurred in February 2025.

Since the inception of the Company’s share repurchase program in August 2023, the Company has repurchased and retired 2,585,149 shares of its common stock at an average price of $258.64. As of December 27, 2025, $91.3 million remained available under the Share Repurchase Program.