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SHAREHOLDERS' EQUITY (Tables) | 6 Months Ended
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Jun. 29, 2025
Shareholders' Equity [Abstract] |
Schedule of Stockholders Equity | Changes in the balance of each component of shareholders’ equity during the reporting periods were as follows:
| Thirteen weeks ended |  | Twenty-six weeks ended
(in thousands) | June 29, 2025 | June 30, 2024 |  | June 29, 2025 | June 30, 2024
Common stock shares |  |  |  |  |
Beginning balance | 29,833 |  | 30,554 |  |  | 29,588 |  | 31,246 |
Purchases and retirement of common stock | — |  | (632) |  |  | — |  | (1,489) |
Net issuance under equity plans, including tax benefits | 59 |  | 37 |  |  | 304 |  | 202 |
Ending balance | 29,892 |  | 29,959 |  |  | 29,892 |  | 29,959 |
Common stock amount |  |  |  |  |
Beginning balance | $ | 1 |  | $ | 1 |  |  | $ | 1 |  | $ | 1 |
Current period activity | — |  | — |  |  | — |  | — |
Ending balance | 1 |  | 1 |  |  | 1 |  | 1 |
Retained earnings |  |  |  |  |
Beginning balance | 324,438 |  | 467,133 |  |  | 337,551 |  | 478,584 |
Net income (loss) | (160) |  | (104,710) |  |  | (14,508) |  | (106,408) |
Purchases and retirement of common stock (1) | — |  | (6,919) |  |  | — |  | (16,986) |
Net issuance under equity plans, including tax benefits | 139 |  | 66 |  |  | (686) |  | (1,722) |
Stock-based compensation | 2,361 |  | 2,742 |  |  | 4,421 |  | 4,844 |
Ending balance | 326,778 |  | 358,312 |  |  | 326,778 |  | 358,312 |
Accumulated other comprehensive income (loss) |  |  |  |  |
Beginning balance, net of tax | (22,222) |  | (20,770) |  |  | (22,193) |  | (20,712) |
Foreign currency translation adjustment before reclassification | 635 |  | 221 |  |  | 606 |  | 1,136 |
Reclassified from accumulated other comprehensive income (loss) (2) | — |  | — |  |  | — |  | (973) |
Foreign currency translation adjustment | 635 |  | 221 |  |  | 606 |  | 163 |
Ending balance, net of tax | (21,587) |  | (20,549) |  |  | (21,587) |  | (20,549) |
Total shareholders’ equity ending balance | $ | 305,192 |  | $ | 337,764 |  |  | $ | 305,192 |  | $ | 337,764 |
(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. (2)Foreign currency translation adjustments related to Labour Ready Temporary Services, Ltd. (“PeopleReady Canada”) that were recognized through net income (loss) upon the divestiture of the business during the twenty-six weeks ended June 30, 2024.

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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2 + Details
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