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Note 12 - Treasury Stock Transactions | 12 Months Ended
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Jan. 03, 2026
Notes to Financial Statements |
Treasury Stock [Text Block] |
12. | TREASURY STOCK TRANSACTIONS
On March 29, 2024, the Board authorized a program to repurchase shares of its common stock up to an amount not to exceed $50.0 million, inclusive of amounts remaining under the existing repurchase authorization. The program (the Treasury Stock Repurchase Plan) is designed to provide the Company with enhanced flexibility over the long term to optimize its capital structure. Shares of the Common Stock may be repurchased in the open market or through negotiated transactions. The program may be terminated or suspended at any time at the discretion of the Company. The Company may enter into a Rule 10b5-1 trading plan to effect a portion of the authorized purchases if the criteria set forth in the plan are met. Such a plan would enable the Company to repurchase its shares during periods outside of its normal trading windows when the Company typically would not be active in the market. During the fiscal year ended January 3, 2026, the Company purchased 416,582 shares at an average price of $17.61 per share. During the fiscal year ended December 28, 2024, the Company purchased 407,653 shares at an average price of $19.08 per share. As of January 3, 2026, the Company has $34.9 million available for future treasury stock purchases. The Company accrued $29 in excise tax associated with its Treasury Stock Repurchase Plan during the fiscal year ended January 3, 2026. Excise tax is recorded directly to treasury stock.

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505-30/tableOfContent + Details
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