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Subsequent Events
3 Months Ended
Mar. 29, 2026
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Amendment of ABL Facility
On April 22, 2026, Landscape Holding and Landscape entered into the First Amendment to Amended and Restated Credit Agreement, dated as of April 22, 2026 (the “First Amendment”), by and among the Borrowers, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, swingline lender and issuing lender (the “Agent”), and the several banks and other financial institutions party thereto. The First Amendment amends the Amended and Restated Credit Agreement, dated as of July 22, 2022, among the Borrowers, the Agent, and the several banks and other financial institutions from time to time party thereto in order to, among other things, (i) extend the final scheduled maturity to April 22, 2031, subject to a springing maturity date of 91 days prior to the maturity of the Second Amended and Restated Credit Agreement, (ii) increase the letter of credit sublimit from $30.0 million to $50.0 million, (iii) remove the 10 basis point credit spread adjustment that was applied to SOFR-based borrowings, and (iv) make such other changes as agreed to by the parties pursuant to the First Amendment.
Share Repurchase Program
In April 2026, the Company repurchased 6,399 shares for approximately $0.8 million at an average price of $124.82 under a 10b5-1 plan that authorized the purchase of the Company’s common stock.
The following table summarizes activity under the share repurchase program for the 2026 Fiscal Year through April 29, 2026.
Amount Authorized
(in millions)
Total Number of
Shares Purchased
Average Price Paid
Per Share
Amount Remaining
(in millions)
$400.0 161,529$128.74 $193.5