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Shareholders' Deficit
9 Months Ended
Sep. 24, 2025
Equity [Abstract]  
Shareholders' Deficit Shareholders' Deficit
Share Repurchases

Our Board of Directors approves share repurchases of our common stock. Under the current $250 million share repurchase authorization approved by the Board of Directors in December 2019, when not restricted by our credit facility terms, we have from time to time, purchased shares in the open market (including pre-arranged stock trading plans in accordance with the guidelines specified in Rule 10b5-1 under the Securities Exchange Act of 1934, as amended) or in privately negotiated transactions, subject to market and business conditions. On October 28, 2025, we entered into an amendment to our credit facility. Pursuant to the amended credit facility, we are prohibited from making share repurchases.

During the year-to-date period ended September 24, 2025, we repurchased a total of 0.4 million shares of our common stock for $1.6 million, including excise taxes. This brings the total amount repurchased under the current authorization to $162.4 million, including excise taxes, leaving $87.6 million that can be used to repurchase our common stock under this authorization as of September 24, 2025. Repurchased shares are included as treasury stock in our Consolidated Balance Sheets and our Consolidated Statements of Shareholders' Deficit.

In the fourth quarter of fiscal 2024, the Board approved the retirement of 2.0 million shares of treasury stock at a weighted average share price of $8.78, including excise taxes. As of September 24, 2025, 0.4 million shares were held in treasury stock.
Accumulated Other Comprehensive Loss, Net

The components of the change in accumulated other comprehensive loss, net were as follows:
Defined Benefit PlansDerivativesAccumulated Other Comprehensive Loss, Net
(In thousands)
Balance as of December 25, 2024$(209)$(31,830)$(32,039)
Amortization of net loss (1)
32 — 32 
Settlement loss recognized (1)
— 
Changes in the fair value of cash flow hedges— (9,198)(9,198)
Reclassification of cash flow hedges to interest expense, net (2)
— (2,767)(2,767)
Amortization of unrealized losses related to interest rate swaps to interest expense, net— 2,051 2,051 
Income tax expense related to items of other comprehensive income (loss)(8)2,499 2,491 
Balance as of September 24, 2025$(184)$(39,245)$(39,429)

(1)    Before-tax amount related to our defined benefit plans that was reclassified from accumulated other comprehensive loss, net and included as a component of pension expense within general and administrative expenses in our Consolidated Statements of Income during the year-to-date period ended September 24, 2025.
(2)    Amounts reclassified from accumulated other comprehensive loss, net into interest expense, net in our Consolidated Statements of Income represent payments either (received from) or made to the counterparty for the interest rate hedges. See Note 7 for additional details.