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Leases | 12 Months Ended
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Dec. 29, 2025
Leases [Abstract] |
Leases | (13) Leases The Company leases some of its manufacturing and assembly plants, sales offices, and equipment under non-cancellable operating leases and finance leases that expire at various dates throug h 2043. The majority of the Company’s lease arrangements are comprised of fixed payments, and certain leases consist of variable payments based on equipment usage. These variable payments are not included in the measurement of the ROU asset or lease liability due to uncertainty of the payment amount and are recorded as lease expense in the period incurred. Certain leases contain renewal provisions at the Company’s option. Most of the leases require the Company to pay for certain other costs such as property taxes and maintenance. Certain leases also contain rent escalation clauses (step rents) that require additional rental amounts in the later years of the term. Rent expense for leases with step rents is recognized on a straight-line basis over the minimum lease term. The lease agreements do not contain any material residual value guarantees or material restrictive covenants. The components of lease expense were as follows:
|  | For the Year Ended |
|  | December 29, 2025 |  |  | December 30, 2024 |  |  | January 1, 2024 |
|  | (In thousands) |
Operating lease cost |  | $ | 15,218 |  |  | $ | 14,933 |  |  | $ | 9,527 |
Variable lease cost |  |  | 1,290 |  |  |  | 1,055 |  |  |  | 930 |
Short-term lease cost |  |  | 677 |  |  |  | 409 |  |  |  | 311 |
Finance lease costs: |  |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  |  | 1,652 |  |  |  | 1,372 |  |  |  | 1,374 |
Interest on lease liabilities |  |  | 554 |  |  |  | 354 |  |  |  | 373 |
Supplemental cash flow information related to leases was as follows:
|  | For the Year Ended |
|  | December 29, 2025 |  |  | December 30, 2024 |  |  | January 1, 2024 |
|  | (In thousands) |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |
Operating cash flows for operating leases |  | $ | 14,469 |  |  | $ | 13,926 |  |  | $ | 9,039 |
Right-of-use assets obtained in exchange for new lease obligations: |  |  |  |  |  |  |  |  |
Operating leases |  | $ | 12,700 |  |  | $ | 2,796 |  |  | $ | 77,041 |
Finance leases |  |  | 4,682 |  |  |  | — |  |  |  | — |
Supplemental balance sheet information related to leases was as follows:
|  |  |  | As of |
|  | Balance Sheet Location |  | December 29, 2025 |  |  | December 30, 2024 |
|  |  |  | (In thousands) |
Assets: |  |  |  |  |  |  |  |
Operating leases |  | Operating lease right-of-use assets |  | $ | 80,914 |  |  | $ | 78,252 |
Finance leases |  | Property, plant, and equipment, net |  |  | 13,652 |  |  |  | 10,621 |
Total lease assets |  |  |  | $ | 94,566 |  |  | $ | 88,873 |
Liabilities: |  |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |  |
Operating leases |  | Other current liabilities |  | $ | 8,909 |  |  | $ | 7,556 |
Finance leases |  | Other current liabilities |  |  | 1,117 |  |  |  | 814 |
Long-term: |  |  |  |  |  |  |  |
Operating leases |  | Operating lease liabilities |  |  | 87,524 |  |  |  | 77,509 |
Finance leases |  | Other long-term liabilities |  |  | 15,829 |  |  |  | 11,985 |
Total lease liabilities |  |  |  | $ | 113,379 |  |  | $ | 97,864 |
|  | As of
|  | December 29, 2025 |  | December 30, 2024
Weighted average remaining lease term (years): |  |  |  |  |  |  |  |
Operating leases |  | 11.3 |  |  |  | 12.5 |  |
Finance leases |  | 11.6 |  |  |  | 11.6 |  |
Weighted average discount rate: |  |  |  |  |  |  |  |
Operating leases |  |  | 6.22 |  | % |  |  | 6.24 |  | %
Finance leases |  |  | 3.70 |  |  |  |  | 2.69 |  |
Maturities of lease liabilities for the next five years and thereafter are as follows:
|  | Operating Leases |  |  | Finance Leases |
|  | (In thousands) |
2026 |  | $ | 14,537 |  |  | $ | 1,698 |
2027 |  |  | 12,432 |  |  |  | 1,717 |
2028 |  |  | 11,338 |  |  |  | 1,733 |
2029 |  |  | 10,389 |  |  |  | 1,750 |
2030 |  |  | 10,413 |  |  |  | 1,780 |
Thereafter |  |  | 79,270 |  |  |  | 12,395 |
Total lease payments |  |  | 138,379 |  |  |  | 21,073 |
Less: Imputed interest |  |  | (41,946 | ) |  |  | (4,127 | )
Total |  | $ | 96,433 |  |  | $ | 16,946 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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