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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Jan. 03, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of recorded stock-based compensation cost
The Company recorded stock-based compensation cost as follows:
Fiscal year ended
(dollars in thousands)January 3, 2026December 28, 2024December 30, 2023
Restricted stock:
   Time-based awards(1)
$16,907 $16,388 $17,243 
   Performance-based awards(2)
975 (935)670 
   Market-based awards766 788 — 
   Stock awards1,600 1,600 1,550 
Total$20,248 $17,841 $19,463 
(1)Fiscal 2025 includes accelerated vesting of outstanding time-based restricted stock awards related to the retirement of our former CEO.
(2)During fiscal 2024, the revision of performance target estimates resulted in a reversal of previously recognized stock-based compensation expense for outstanding performance-based awards.
Summary of stock option activity
Changes in the Company’s stock options for the fiscal year ended January 3, 2026 were as follows:
Number of sharesWeighted- average exercise priceWeighted-average remaining contractual terms (years)Aggregate intrinsic value
(in thousands)
Outstanding, December 28, 2024389,026 $96.47 
Expired(259,455)$94.46 
Outstanding, January 3, 2026(*)
129,571 $100.51 1.31$— 
Summary of restricted stock award activity
The following table summarizes activity related to all restricted stock awards during the fiscal year ended January 3, 2026:
Restricted
stock
awards
Weighted-average grant date fair value per award
Outstanding, December 28, 2024822,651 $81.31 
Granted791,501 $34.97 
Vested(305,638)$75.80 
Forfeited(292,461)$71.13 
Outstanding, January 3, 20251,016,053 $49.80 
Fiscal year Number of awards granted Weighted-average grant date fair value per award
2023272,509 $73.80 
2024266,539 $77.00 
2025649,011 $37.94 
Fiscal year Number of awards grantedWeighted-average grant date fair value per award
2023112,284 $74.06 
202455,089 $81.95 
2025— $— 
Fiscal year Number of awards granted Weighted-average grant date fair value per award
202428,375 $117.28 
202598,400 $14.79 
Summary of issued shares of common stock to non-management board members During fiscal years 2025, 2024, and 2023, such awards were as follows:
Fiscal year Number of shares issuedWeighted-average grant date fair value per share
202323,850$65.01 
202422,930$69.78 
202544,090$36.29