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Leases (Tables)
 9 Months Ended
Sep. 27, 2025
Leases [Abstract]  
Schedule of Supplemental Balance Sheet Information
The following table presents the assets and liabilities related to the Company’s leases as of September 27, 2025 and December 28, 2024:
As of
Lease Assets and LiabilitiesSeptember 27, 2025December 28, 2024
(In thousands)
AssetsClassification
Operating lease right-of-use assetsOperating lease right-of-use assets$49,062 $47,221 
Finance lease right-of-use assets (1)
Property and equipment, net164,077 134,319 
Total lease right-of-use assets$213,139 $181,540 
Liabilities
Current portion:
Operating lease liabilitiesOperating lease liabilities - current$8,806 $8,478 
Finance lease liabilitiesFinance lease liabilities - current19,725 12,541 
Non-current portion:
Operating lease liabilitiesOperating lease liabilities - noncurrent41,834 40,114 
Finance lease liabilitiesFinance lease liabilities - noncurrent302,079 280,002 
Total lease liabilities$372,444 $341,135 
(1) Finance lease right-of-use assets are presented net of accumulated amortization of $111.8 million and $112.3 million as of September 27, 2025 and December 28, 2024, respectively.
Supplemental balance sheet information related to leases is as follows:
As of
Balance Sheet InformationSeptember 27, 2025December 28, 2024
($ in thousands)
Finance leases
   Property and equipment$275,891$246,635
   Accumulated depreciation(111,814)(112,316)
Property and equipment, net$164,077$134,319
Weighted Average Remaining Lease Term (in years)
   Operating leases7.58.3
   Finance leases16.117.7
Weighted Average Discount Rate
   Operating leases8.09 %8.15 %
   Finance leases8.72 %8.88 %
The major categories of the Company’s obligations under finance leases as of September 27, 2025 and December 28, 2024 were as follows:
As of
September 27, 2025December 28, 2024
Category:(In thousands)
Equipment and vehicles$80,264 $49,785 
Real estate(1)
241,540 242,758 
Total finance leases$321,804 $292,543 
(1)Amounts include $125.1 million and $125.1 million as of September 27, 2025 and December 28, 2024, respectively, for sale-leasebacks of real estate in fiscal 2019 and fiscal 2020 that did not qualify for sale treatment for accounting purposes.
Schedule of Lease Cost
The components of lease expense were as follows:
Three Fiscal Months EndedNine Fiscal Months Ended
Components of lease expenseSeptember 27, 2025September 28, 2024September 27, 2025September 28, 2024
(In thousands)
Operating lease expense:
Operating lease expense before sublease income$3,040 $2,886 $9,180 $7,965 
Sublease income(953)(900)(2,809)(2,648)
Operating lease expense$2,087 $1,986 $6,371 $5,317 
Finance lease expense:
   Amortization of right-of-use assets$4,970 $4,716 $14,396 $14,478 
   Interest on lease liabilities7,004 6,407 20,857 19,108 
Total finance lease expense$11,974 $11,123 $35,253 $33,586 

Supplemental cash flow information related to leases is as follows:
Three Fiscal Months EndedNine Fiscal Months Ended
September 27, 2025September 28, 2024September 27, 2025September 28, 2024
(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
   Operating cash flows, operating leases$3,024 $2,930 $9,031 $8,132 
   Operating cash flows, finance leases$7,004 $6,407 $20,857 $19,108 
   Financing cash flows, finance leases$4,067 $3,255 $12,168 $9,666 

Non-cash supplemental cash flow information related to leases is as follows:
Three Fiscal Months EndedNine Fiscal Months Ended
Non-cash informationSeptember 27, 2025September 28, 2024September 27, 2025September 28, 2024
(In thousands)
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$438 $3,183 $4,397 $14,515 
Finance leases$8,375 $5,560 $41,262 $16,710 
Schedule of Operating Lease Maturities
Below is a summary of undiscounted finance and operating lease liabilities that have initial terms in excess of one year as of September 27, 2025. The table also includes a reconciliation of the future undiscounted cash flows to the present value of the finance and operating lease liabilities included in the unaudited condensed consolidated balance sheet, including options to extend lease terms that are reasonably certain of being exercised.
Fiscal Year:Operating LeasesFinance Leases
(In thousands)
2025 (remainder of fiscal year)$3,711 $11,173 
202611,173 48,540 
202710,031 42,951 
20289,238 43,166 
20297,803 39,911 
Thereafter27,704 487,736 
Total lease payments$69,660 $673,477 
Less: imputed interest(19,020)(351,673)
Total$50,640 $321,804 
Schedule of Finance Lease Maturities
Below is a summary of undiscounted finance and operating lease liabilities that have initial terms in excess of one year as of September 27, 2025. The table also includes a reconciliation of the future undiscounted cash flows to the present value of the finance and operating lease liabilities included in the unaudited condensed consolidated balance sheet, including options to extend lease terms that are reasonably certain of being exercised.
Fiscal Year:Operating LeasesFinance Leases
(In thousands)
2025 (remainder of fiscal year)$3,711 $11,173 
202611,173 48,540 
202710,031 42,951 
20289,238 43,166 
20297,803 39,911 
Thereafter27,704 487,736 
Total lease payments$69,660 $673,477 
Less: imputed interest(19,020)(351,673)
Total$50,640 $321,804