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LEASES (Tables)

3 Months Ended

Apr. 05, 2025

Leases [Abstract]

Schedule of components of leases

The components of lease expense were as follows (in thousands):

Lease Cost						Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) Location						For the 14 Weeks Ended April 5, 2025						For the 13 Weeks Ended March 30, 2024
Operating lease cost(1)						SG&A						$	14,705					$	16,309
Short-term lease cost						SG&A						$	166					$	286
Variable lease cost						SG&A						$	3,801					$	5,353

_______________________________________________

(1) Includes sublease income, which was immaterial.

The following table discloses supplemental balance sheet information for the Company’s leases (in thousands):

Leases						Condensed Consolidated Balance Sheets Location						April 5, 2025						December 28, 2024
Assets
Operating						Operating lease ROU assets						$	117,270					$	121,389
Liabilities
Current:
Operating						Current operating lease liabilities						$	32,935					$	37,327
Noncurrent:
Operating						Long-term operating lease liabilities						$	109,775					$	113,658

The following table discloses the weighted-average remaining lease term and weighted-average discount rate for the Company's leases:

Lease Term and Discount Rate

April 5, 2025

December 28, 2024

Weighted-average remaining lease term:

Operating leases

6.4 years

6.3 years

Weighted-average discount rate:

Operating leases

15.2

%

15.1

%

Schedule of maturity of lease liabilities

Future minimum lease payments by year as of April 5, 2025 were as follows (in thousands):

Fiscal Year						Operating Leases
2025 (remaining)						$	42,879
2026						45,928
2027						31,820
2028						19,593
2029						18,101
Thereafter						72,335
Total lease payments						$	230,656
Less: Interest						87,946
Total lease obligations						$	142,710

Schedule of supplemental cash flow information

Supplemental cash flow information related to leases was as follows (in thousands):

			For the 14 Weeks Ended April 5, 2025						For the 13 Weeks Ended March 30, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases			$	19,381					$	19,937
Leased assets obtained in exchange for new operating lease liabilities			3,551						4,288

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- Definition

Lease Supplemental Cash Flow Information [Table Text Block]

+ References

No definition available.

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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