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SUBSEQUENT EVENT | 9 Months Ended
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Sep. 28, 2025
SUBSEQUENT EVENT [Abstract] |
SUBSEQUENT EVENT | SUBSEQUENT EVENT Following the coronavirus pandemic, the Company shifted to a remote or hybrid work model for our headquarters and U.S.-based support teams, reducing the need for corporate office space. As a result, on October 6, 2025, we executed a sublease for our Chicago support center. The sublessee is expected to take possession of the space on April 1, 2026, and the sublease will remain in effect for the duration of the original lease term, concluding on June 29, 2036. Execution of the sublease will require us to reevaluate the long-lived asset group for the Chicago support center and test the new asset group for recoverability and impairment during the fiscal fourth quarter of 2025. The recoverability analysis involves comparing the carrying value of the asset group, which is approximately $24 million as of September 28, 2025, to the undiscounted cash flows expected to result from the use and eventual disposition of the asset. If the recoverability analysis fails, an impairment charge is recognized for the amount by which the carrying value of the asset group exceeds its fair value. Until we complete our analysis, an estimate of a potential impairment cannot be made, however, we expect our analysis to result in a material non-cash impairment during the fiscal fourth quarter of 2025.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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