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INCOME TAXES (Tables)

12 Months Ended

Dec. 29, 2024

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Tax

The provision for income taxes is comprised of the following:

(in thousands)			2024			2023			2022
Current taxes:
Federal			$	150		$	329		$	1,360
State			1,241			582			1,397
Foreign			1,771			2,817			4,635
Total current taxes			3,162			3,728			7,392
Deferred taxes:
Federal			28,484			(8,109)			3,434
State			5,295			(1,383)			345
Foreign			283			(708)			(28)
Total deferred taxes			34,062			(10,200)			3,751
Provision for income taxes			$	37,224		$	(6,472)		$	11,143

Schedule of Effective Income Tax Rate Reconciliation

The items accounting for the difference between income taxes computed at the statutory federal income tax rate and income taxes reported on the Consolidated Statements of Operations and Comprehensive Income (Loss) are as follows:

(in thousands, except percentages)			2024			%			2023			%			2022			%
Income tax expense (benefit) based on statutory rate			$	(18,590)		21.0		%	$	(4,335)		21.0		%	$	15,417		21.0		%
Increase (decrease) resulting from:
State income taxes, net of federal benefit			591			(0.7)			(1,384)			6.7			3,008			4.1
Hiring tax credits, net			(4,123)			4.7			(4,997)			24.2			(7,911)			(10.8)
Valuation allowance			56,792			(64.1)			—			—			—			—
Uncertain tax positions			(99)			0.1			(206)			1.0			(1,336)			(1.8)
Non-deductible goodwill impairment charge			—			—			2,287			(11.1)			—			—
Non-deductible and non-taxable items			664			(0.8)			1,178			(5.7)			1,377			1.9
Foreign taxes			446			(0.5)			587			(2.9)			654			0.9
Other, net			1,543			(1.7)			398			(1.9)			(66)			(0.1)
Total income tax expense (benefit)			$	37,224		(42.0)		%	$	(6,472)		31.3		%	$	11,143		15.2		%

Schedule of Components of Income Before Income Tax

U.S. and foreign components of income (loss) before tax expense (benefit) was as follows:

(in thousands)			2024			2023			2022
U.S.			$	(97,733)		$	(27,773)		$	56,964
Foreign			9,209			7,128			16,452
Income (loss) before tax expense (benefit)			$	(88,524)		$	(20,645)		$	73,416

Schedule of Deferred Tax Assets and Liabilities

The components of deferred tax assets and liabilities were as follows:

(in thousands)			December 29, 2024			December 31, 2023
Deferred tax assets:
Allowance for credit losses			$	264		$	590
Accounts payable and other accrued expenses			8,630			11,242
Net operating loss carryforwards			17,971			7,535
Tax credit carryforwards			21,478			16,030
Accrued wages and benefits			5,702			7,311
Deferred compensation			11,411			12,356
Lease liabilities			15,242			17,378
Other			504			371
Total			81,202			72,813
Valuation allowance			(64,488)			(834)
Total deferred tax asset, net of valuation allowance			16,714			71,979
Deferred tax liabilities:
Prepaid expenses, deposits and other current assets			(526)			(655)
Lease right-of-use assets			(12,295)			(14,052)
Depreciation and amortization			(2,853)			(21,958)
Workers’ compensation			(503)			(192)
Total deferred tax liabilities			(16,177)			(36,857)
Deferred income taxes, net			$	537		$	35,122

Summary of Tax Credit Carryforwards

The following table summarizes our credit carryforwards and net operating losses (“NOLs”) along with their respective valuation allowance as of December 29, 2024:

(in thousands)			Carryover tax benefit			Valuation allowance			Expected benefit			Year expiration begins
Year-end tax attributes:
Federal WOTCs			$	21,478		$	(21,478)		$	—		2042
State NOLs			4,842			(4,842)			—			Various
Federal NOLs			12,944			(12,944)			—			Indefinite
Foreign NOLs			185			(185)			—			Indefinite
Foreign alternative minimum tax credits			392			—			392			2034
Total			$	39,841		$	(39,449)		$	392

Income Tax Valuation Allowance

The activity related to the income tax valuation allowance was as follows:

(in thousands)			2024			2023			2022
Beginning balance			$	834		$	2,152		$	2,368
Charged to expense			63,654			(58)			(216)
Release of allowance			—			(1,260)			—
Ending balance			$	64,488		$	834		$	2,152

Schedule of Unrecognized Tax Benefits

The following table summarizes the activity related to our unrecognized tax benefits:

(in thousands)			2024			2023			2022
Beginning balance			$	592		$	830		$	1,881
Increases for tax positions related to the current year			58			124			53
Decreases for tax positions related to prior years			—			—			—
Reductions due to lapsed statute of limitations			(181)			(362)			(1,104)
Ending balance			$	469		$	592		$	830

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