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LEASE COMMITMENTS | 6 Months Ended
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Jun. 28, 2026
Leases [Abstract] |
LEASE COMMITMENTS | LEASE COMMITMENTS The Company leases retail stores, manufacturing, distribution, engineering, and research and development facilities, office space, equipment, and automobiles under operating lease agreements. Leases have remaining lease terms of one to 14 years, inclusive of renewal options that the Company is reasonably certain to exercise. On October 15, 2025, the Company entered into a new operating Lease Agreement (the "Glendale Lease") in Glendale, Arizona. The Glendale Lease commenced on February 1, 2026, with an initial term of 122 calendar months with two three-year extension options. The Glendale Lease provides for an initial monthly base rent of $103, subject to annual fixed escalators of 3.5%. In addition to base rent, the Company is responsible for its pro rata share of real property taxes, utilities, and insurance expenses, which are accounted for as variable lease costs. The renewal options have not been included in the measurement of the right-of-use asset and lease liability as the Company has determined it is not reasonably certain to exercise such options at this time. Upon commencement of the Glendale Lease on February 1, 2026, the Company recognized an operating lease right-of-use asset of $10.1 million and a corresponding operating lease liability of approximately $10.1 million. The right-of-use asset and lease liability were measured at the present value of future lease payments over the initial 122 calendar month lease term, discounted using the Company's incremental borrowing rate of 7.5% at the commencement date, as the rate implicit in the Glendale Lease was not readily determinable. The following table summarizes operating lease assets and obligations, and provides information associated with the measurement of operating lease obligations.
| As of
| June 28, 2026 |  | December 31, 2025
Assets: |  |  |
Operating right of use assets | $ | 40,872 |  |  | $ | 33,415 |
Liabilities: |  |  |
Current operating lease liabilities - Accrued liabilities | 6,527 |  |  | 5,841 |
Long-term operating lease liabilities - Other noncurrent liabilities | 36,164 |  |  | 28,686 |
Total lease liabilities | $ | 42,691 |  |  | $ | 34,527 |
Lease term and discount rate |  |  |
Weighted average remaining lease term (in years) | 6.3 |  | 5.6
Weighted average discount rate | 6.68 | % |  | 6.51 | %
The following summarizes the components of operating lease expense and provides supplemental cash flow information for operating leases:
| For the thirteen weeks ended |  | For the twenty-six weeks ended
| June 28, 2026 |  | June 29, 2025 |  | June 28, 2026 |  | June 29, 2025
Components of lease expense: |  |  |  |  |  |  |
Operating lease expense | $ | 1,925 |  |  | $ | 1,876 |  |  | $ | 4,035 |  |  | $ | 3,864 |
Variable lease expense | 55 |  |  | 62 |  |  | 102 |  |  | 444 |
Short-term lease expense | 149 |  |  | 186 |  |  | 316 |  |  | 288 |
Total lease expense | $ | 2,129 |  |  | $ | 2,124 |  |  | $ | 4,453 |  |  | $ | 4,596 |
Supplemental cash flow information related to leases: |  |  |  |  |  |  |
Cash paid for amounts included in measurement of operating lease liabilities | $ | 2,263 |  |  | $ | 1,897 |  |  | $ | 4,208 |  |  | $ | 3,781 |
Right-of-use assets obtained in exchange for new operating lease liabilities | $ | — |  |  | $ | 1,115 |  |  | 10,400 |  |  | 1,125 |
Decapitalization of right-of-use assets upon lease termination or modification | — |  |  | 31 |  |  | — |  |  | 31 |
The following table summarizes the maturities of the Company's operating lease liabilities as of June 28, 2026:
2026 (excluding the twenty-six weeks ended June 28, 2026) | $ | 4,563 |
2027 | 9,189 |
2028 | 8,686 |
2029 | 7,786 |
2030 | 7,050 |
Thereafter | 15,035 |
Total lease payments | 52,309 |
Less imputed interest | (9,618) |
Present value of lease liabilities | $ | 42,691 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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