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Debt and Finance Lease Obligations (Tables)
 6 Months Ended
Jul. 04, 2026
Debt Disclosure [Abstract]  
Schedule of Debt and Finance Lease Obligations
As of July 4, 2026 and January 3, 2026, debt and finance lease obligations consisted of the following:
As of
July 4, 2026January 3, 2026
(In thousands)
Senior secured notes (“2029 Notes”) (1)
$300,000 $300,000 
Revolving credit facility (2)
— — 
Unamortized debt issuance costs(1,176)(1,349)
Unamortized bond discount costs(1,735)(1,991)
297,089 296,660 
Finance lease obligations (3)
315,954 321,279 
Less: current portion of finance lease obligations21,770 22,348 
Total debt and finance leases, net of current portions$591,273 $595,591 

(1) As of July 4, 2026 and January 3, 2026, long-term debt was comprised of $300 million of senior secured notes (“2029 Notes”) issued in October 2021 and maturing November 15, 2029. These notes are presented under the Long-term debt caption of the Company’s consolidated balance sheets in the net amounts of $297.1 million and $296.7 million as of July 4, 2026 and January 3, 2026, respectively. This balance sheet presentation is net of unamortized discount of $1.7 million and $2.0 million, respectively, and unamortized debt issuance costs of $1.2 million and $1.3 million, respectively, as of July 4, 2026 and January 3, 2026. The 2029 Notes are presented in this table at their face value.

(2) No borrowings were outstanding as of July 4, 2026 or January 3, 2026. Available borrowing capacity under the revolving credit facility was $336.8 million and $340.1 million as of July 4, 2026 and January 3, 2026, respectively. The available borrowing capacity reflects undrawn letters of credit.
(3) The Company’s finance lease obligations consist of leases related to equipment, vehicles, and real estate, with the majority of those finance leases related to real estate. Amounts on this line include $123.9 million and $124.1 million as of July 4, 2026 and January 3, 2026, respectively, for sale-leasebacks of real estate in fiscal 2019 and fiscal 2020 that did not qualify for sale treatment for accounting purposes. Under these sale-leaseback arrangements, the Company is not entitled to legal ownership of the assets at any time, including at expiration of the arrangements, nor is the Company entitled to purchase the assets at a bargain purchase price. For additional disclosures about the Company’s finance lease obligations, see Note 7, Leases, to the unaudited condensed consolidated financial statement.
Schedule of Interest Income and Interest Expense
Interest expense, net on the Company’s unaudited condensed consolidated statements of operations consisted of the following components:
Fiscal Three Months EndedFiscal Six Months Ended
July 4, 2026June 28, 2025July 4, 2026June 28, 2025
(In thousands)
Interest expense$12,297 $12,640 $24,512 $24,693 
Less: Interest income2,918 4,183 5,986 9,656 
Interest expense, net$9,379 $8,457 $18,526 $15,037