SHAREHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 28, 2025

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 28, 2025		September 29, 2024		September 28, 2025		September 29, 2024

Common stock shares
Beginning balance	29,892		29,959		29,588		31,246
Purchases and retirement of common stock	—		(478)		—		(1,967)
Net issuance under equity plans, including tax benefits	33		17		337		219

Ending balance	29,925		29,498		29,925		29,498

Common stock amount
Beginning balance	$	1	$	1	$	1	$	1
Current period activity	—		—		—		—
Ending balance	1		1		1		1

Retained earnings
Beginning balance	326,778		358,312		337,551		478,584
Net income (loss)	(1,916)		(7,635)		(16,424)		(114,043)
Purchases and retirement of common stock (1)	—		(4,315)		—		(21,301)
Net issuance under equity plans, including tax benefits	75		69		(611)		(1,653)
Stock-based compensation	1,208		832		5,629		5,676

Ending balance	326,145		347,263		326,145		347,263

Accumulated other comprehensive income (loss)
Beginning balance, net of tax	(21,587)		(20,549)		(22,193)		(20,712)
Foreign currency translation adjustment before reclassification	(220)		437		386		1,573
Reclassified from accumulated other comprehensive income (loss) (2)	—		—		—		(973)
Foreign currency translation adjustment	(220)		437		386		600
Ending balance, net of tax	(21,807)		(20,112)		(21,807)		(20,112)

Total shareholders’ equity ending balance	$	304,339	$	327,152	$	304,339	$	327,152

(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 thirty-nine weeks ended September 29, 2024.