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LEASES (Tables)
 12 Months Ended
Jan. 03, 2026
Leases [Abstract]  
Lease Cost
The following components of lease expense were recognized primarily in Selling, general, and administrative expenses, with immaterial amounts recognized in Cost of goods sold, on the Company’s consolidated statements of operations for the fiscal periods indicated:
Fiscal year ended
January 3, 2026
December 28, 2024
December 30, 2023
(dollars in thousands)(53 weeks)(52 weeks)(52 weeks)
Operating lease cost$182,495 $177,034 $171,072 
Variable lease cost(*)
65,864 57,992 56,089 
Net lease cost$248,359 $235,026 $227,161 
(*)Includes short-term leases, which are not material, and any operating lease impairment charges.
Supplemental Information
Supplemental balance sheet information related to leases was as follows:
January 3, 2026December 28, 2024
Weighted average remaining operating lease term (years)5.75.9
Weighted average discount rate for operating leases5.1%5.0%
Lessee, Operating Lease, Liability, Maturity
As of January 3, 2026, the maturities of lease liabilities were as follows:
(dollars in thousands)Operating leases
2026$159,579 
2027155,235 
2028121,733 
202991,022 
203055,398 
After 2030173,485 
Total lease payments$756,452 
Less: Interest(111,503)
Present value of lease liabilities(*)
$644,949 
(*)As the rate implicit in the majority of the Company’s leases is not readily determinable, the Company uses the incremental borrowing rate based on the information available at the commencement date, including the lease term and currency, to determine the present value of lease payments.