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Taxes (Tables) | 12 Months Ended
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Dec. 28, 2024
Income Tax Disclosure [Abstract] |
Schedule of Loss before Income Tax, Domestic and Foreign | The components of the Company’s consolidated loss before income taxes consist of the following:
|  | Fiscal Year Ended |
|  | December 28, |  |  | December 30, |  |  | December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Domestic |  | $ | (358,108 | ) |  | $ | (222,260 | ) |  | $ | (376,710 | )
Foreign |  |  | 12,933 |  |  |  | 148,628 |  |  |  | 9,907 |
|  | $ | (345,175 | ) |  | $ | (73,632 | ) |  | $ | (366,803 | )
Schedule of Components of Income Tax Expense (Benefit) | The following table summarizes the Company’s consolidated provision for (benefit from) U.S. federal, state and foreign income taxes:
|  | Fiscal Year Ended |
|  | December 28, |  |  | December 30, |  |  | December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Current: |  |  |  |  |  |  |  |  |
U.S. federal |  | $ | 6,369 |  |  | $ | 1,330 |  |  | $ | 12,426 |
State |  |  | 1,519 |  |  |  | 1,947 |  |  |  | 3,446 |
Foreign |  |  | 19,216 |  |  |  | 15,525 |  |  |  | 20,022 |
|  | $ | 27,104 |  |  | $ | 18,802 |  |  | $ | 35,894 |
Deferred: |  |  |  |  |  |  |  |  |
U.S. federal |  | $ | (6,856 | ) |  | $ | (12,419 | ) |  | $ | (110,611 | )
State |  |  | (8,420 | ) |  |  | 4,263 |  |  |  | (23,213 | )
Foreign |  |  | (11,302 | ) |  |  | 27,977 |  |  |  | (12,005 | )
|  | $ | (26,578 | ) |  | $ | 19,821 |  |  | $ | (145,829 | )
Total provision for (benefit from) income taxes |  | $ | 526 |  |  | $ | 38,623 |  |  | $ | (109,935 | )
Schedule of Effective Income Tax Rate Reconciliation |
|  | Fiscal Year Ended |
|  | December 28, |  |  | December 30, |  |  | December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
U.S. federal statutory tax rate |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 21.0 | %
State income taxes (net of federal benefit) |  |  | 4.6 | % |  |  | 12.8 | % |  |  | 3.8 | %
Research and development credit |  |  | 0.4 | % |  |  | 3.0 | % |  |  | 0.4 | %
Tax windfall/shortfall on share-based awards |  |  | (1.5 | %) |  |  | (0.9 | %) |  |  | (0.5 | %)
Tax rate changes |  |  | 0.0 | % |  |  | (0.1 | %) |  |  | 0.3 | %
Executive compensation limitation |  |  | (0.4 | %) |  |  | (1.4 | %) |  |  | (0.2 | %)
FDII |  |  | 1.2 | % |  |  | 3.6 | % |  |  | 1.2 | %
Change in valuation allowance |  |  | (25.4 | %) |  |  | (72.8 | %) |  |  | (7.1 | %)
Impact of foreign operations |  |  | (0.3 | %) |  |  | (16.5 | %) |  |  | (1.6 | %)
Reversal of certain deferred tax liabilities |  |  | 0.0 | % |  |  | 0.0 | % |  |  | 12.5 | %
Nondeductible costs |  |  | 0.0 | % |  |  | (1.3 | %) |  |  | 0.0 | %
Other |  |  | 0.2 | % |  |  | 0.1 | % |  |  | 0.2 | %
Total effective tax rate |  |  | (0.2 | %) |  |  | (52.5 | %) |  |  | 30.0 | %
Schedule of Deferred Tax Assets and Liabilities | The deferred tax assets and liabilities recorded on the Company’s consolidated balance sheets are as follows:
|  | December 28, 2024 |  |  | December 30, 2023 |
Interest expense disallowance |  | $ | 101,563 |  |  | $ | 76,350 |
Operating lease liabilities |  |  | 13,672 |  |  |  | 16,174 |
Operating loss carryforwards |  |  | 11,703 |  |  |  | 12,446 |
Provision for estimated expenses |  |  | 2,916 |  |  |  | 3,657 |
Salaries and wages |  |  | 8,904 |  |  |  | 13,489 |
Share-based compensation |  |  | 9,553 |  |  |  | 14,920 |
Other comprehensive income |  |  | 6,995 |  |  |  | 3,833 |
Capitalized research and development expenses |  |  | 34,767 |  |  |  | — |
Other |  |  | 12,045 |  |  |  | 4,287 |
Less: valuation allowance |  |  | (178,451 | ) |  |  | (89,801 | )
Total deferred tax assets |  | $ | 23,667 |  |  | $ | 55,355 |
Goodwill and intangible assets |  | $ | (663 | ) |  | $ | (47,323 | )
Operating lease assets |  |  | (10,941 | ) |  |  | (13,285 | )
Depreciation |  |  | (9,000 | ) |  |  | (12,749 | )
Termination fee |  |  | — |  |  |  | (3,408 | )
Prepaid expenses |  |  | (1,289 | ) |  |  | (900 | )
Total deferred tax liabilities |  | $ | (21,893 | ) |  | $ | (77,665 | )
Net deferred tax assets (liabilities) |  | $ | 1,774 |  |  | $ | (22,310 | )
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
|  | Fiscal Year Ended |
|  | December 28, |  |  | December 30, |  |  | December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Balance at beginning of year |  | $ | 613 |  |  | $ | 611 |  |  | $ | 1,055 |
Increases related to tax positions taken in current year |  |  | — |  |  |  | — |  |  |  | 145 |
Increases related to tax positions taken in prior years |  |  | — |  |  |  | 9 |  |  |  | 8 |
Reductions related to tax positions taken in prior years |  |  | — |  |  |  | (9 | ) |  |  | (95 | )
Reductions related to settlements with tax authorities |  |  | — |  |  |  | — |  |  |  | (273 | )
Reductions related to lapse of statutes of limitations |  |  | (99 | ) |  |  | — |  |  |  | (206 | )
Effects of foreign currency translation |  |  | (6 | ) |  |  | 2 |  |  |  | (23 | )
Balance at end of year |  | $ | 508 |  |  | $ | 613 |  |  | $ | 611 |

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