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SHAREHOLDERS' EQUITY
9 Months Ended
Sep. 24, 2023
Shareholders' Equity [Abstract]  
SHAREHOLDER’S EQUITY SHAREHOLDERS' EQUITY
Changes in the balance of each component of shareholders’ equity during the reporting periods were as follows:
Thirteen weeks ended
Thirty-nine weeks ended
(in thousands)September 24,
2023
September 25,
2022
September 24,
2023
September 25,
2022
Common stock shares
Beginning balance30,996 32,684 32,730 34,861 
Purchases and retirement of common stock— — (1,877)(2,234)
Net issuance under equity plans, including tax benefits113 256 66 
Stock-based compensation— — — — 
Ending balance31,109 32,693 31,109 32,693 
Common stock amount
Beginning balance$$$$
Current period activity— — — — 
Ending balance
Retained earnings
Beginning balance473,809 483,296 516,332 508,813 
Net income (loss)(10)20,696 (11,622)55,228 
Purchases and retirement of common stock (1)22 — (34,178)(60,939)
Net issuance under equity plans, including tax benefits(1,051)30 (3,056)(3,567)
Stock-based compensation4,925 3,188 10,219 7,675 
Ending balance477,695 507,210 477,695 507,210 
Accumulated other comprehensive loss
Beginning balance, net of tax(19,765)(17,344)(20,018)(15,747)
Foreign currency translation adjustment(1,305)(3,053)(1,052)(4,650)
Ending balance, net of tax(21,070)(20,397)(21,070)(20,397)
Total shareholders’ equity ending balance$456,626 $486,814 $456,626 $486,814 
(1)Under applicable Washington State law, shares purchased are not displayed separately as treasury stock on our Consolidated Balance Sheets and are treated as authorized but unissued shares. It is our accounting policy to first record these purchases and the related excise tax as a reduction to our common stock account. Once the common stock account has been reduced to a nominal balance, remaining purchases are recorded as a reduction to our retained earnings. Furthermore, activity in our common stock account related to stock-based compensation is also recorded to retained earnings until such time as the reduction to retained earnings due to stock repurchases has been recovered.