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STOCK REPURCHASE PROGRAMS

9 Months Ended

Sep. 28, 2025

Equity [Abstract]

STOCK REPURCHASE PROGRAMS

STOCK REPURCHASE PROGRAMS

In November 2024, the Board authorized an increase in the amount of the Company's common stock that may be acquired over the next 24 months under the current stock repurchase program to $200 million, including the $72.9 million remaining under the previous authorization. As of September 28, 2025, Patrick had approximately $168.0 million remaining in the amount of the Company's common stock that may be acquired under the current stock repurchase program.

Under the stock repurchase plan, the Company made repurchases of common stock as follows for the respective periods:

						Third Quarter Ended												Nine Months Ended
($ in millions, except average price data)						September 28, 2025						September 29, 2024						September 28, 2025						September 29, 2024
Shares repurchased						—						—						377,612						—
Average price						$	—					$	—					$	84.66					$	—
Aggregate cost						$	—					$	—					$	32.0					$	—

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- Definition

The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/505-30/tableOfContent

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