WORKERS' COMPENSATION INSURANCE AND RESERVES (Tables)

12 Months Ended

Dec. 29, 2024

Workers' Compensation Insurance and Reserves [Abstract]

Reconciliation of Workers' Compensation Claims Reserve

The following table presents a reconciliation of the undiscounted workers’ compensation reserve to the discounted workers’ compensation reserve for the periods presented:


(in thousands)	December 29, 2024		December 31, 2023
Undiscounted workers’ compensation reserve (1)	$	152,803	$	214,611
Less discount on workers’ compensation reserve	13,011		18,096
Workers’ compensation reserve, net of discount	139,792		196,515
Less current portion	34,729		44,866
Long-term portion	$	105,063	$	151,649

(1)Amounts shown are net of discount related to claims above our self-insured limits (“excess claims”) of $24.7 million and $33.2 million for fiscal years ended December 29, 2024 and December 31, 2023, respectively.

Estimated Future Payout of our Discounted Workers' Compensation Claims

The table below presents the estimated future payout of our discounted workers’ compensation claims reserve for the next five years and thereafter as of December 29, 2024:


(in thousands)
2025	$	34,729
2026	18,116
2027	10,315
2028	6,492
2029	4,683
Thereafter	26,853
Sub-total	101,188
Excess claims (1)	38,604
Total	$	139,792

(1)Estimated expenses related to claims above our self-insured limits for which we have a corresponding receivable for the insurance coverage based on contractual policy agreements.