| Stockholders' Deficit |
4. Stockholders’ Deficit The following table summarizes the changes in stockholders’ deficit for the first quarter of 2025.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated |
|
|
|
|
|
|
|
|
|
Additional |
|
|
|
|
|
Other |
|
|
|
Common Stock |
|
|
Paid-in |
|
|
Retained |
|
|
Comprehensive |
|
|
|
Shares |
|
|
Amount |
|
|
Capital |
|
|
Deficit |
|
|
Loss |
|
Balance at December 29, 2024 |
|
|
34,281,927 |
|
|
$ |
343 |
|
|
$ |
1,272 |
|
|
$ |
(3,956,474 |
) |
|
$ |
(7,432 |
) |
Net income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
149,651 |
|
|
|
— |
|
Dividends declared on common stock and equivalents
($1.74 per share) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(59,800 |
) |
|
|
— |
|
Issuance and cancellation of stock awards, net |
|
|
54,516 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Tax payments for restricted stock upon vesting |
|
|
(18,630 |
) |
|
|
— |
|
|
|
(8,158 |
) |
|
|
— |
|
|
|
— |
|
Purchases of common stock |
|
|
(115,280 |
) |
|
|
(1 |
) |
|
|
(10,132 |
) |
|
|
(40,210 |
) |
|
|
— |
|
Exercise of stock options |
|
|
28,280 |
|
|
|
— |
|
|
|
7,529 |
|
|
|
— |
|
|
|
— |
|
Non-cash equity-based compensation expense |
|
|
— |
|
|
|
|
|
|
10,381 |
|
|
|
— |
|
|
|
— |
|
Currency translation adjustment |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
343 |
|
Balance at March 23, 2025 |
|
|
34,230,813 |
|
|
$ |
342 |
|
|
$ |
892 |
|
|
$ |
(3,906,833 |
) |
|
$ |
(7,089 |
) |
Subsequent to the end of the first quarter of 2025, on April 23, 2025, the Company’s Board of Directors declared a $1.74 per share quarterly dividend on its outstanding common stock for shareholders of record as of June 13, 2025 to be paid on June 30, 2025. The following table summarizes the changes in stockholders’ deficit for the first quarter of 2024.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated |
|
|
|
|
|
|
|
|
|
Additional |
|
|
|
|
|
Other |
|
|
|
Common Stock |
|
|
Paid-in |
|
|
Retained |
|
|
Comprehensive |
|
|
|
Shares |
|
|
Amount |
|
|
Capital |
|
|
Deficit |
|
|
Loss |
|
Balance at December 31, 2023 |
|
|
34,726,182 |
|
|
$ |
347 |
|
|
$ |
2,801 |
|
|
$ |
(4,069,648 |
) |
|
$ |
(3,867 |
) |
Net income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
125,824 |
|
|
|
— |
|
Dividends declared on common stock and equivalents
($1.51 per share) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(52,954 |
) |
|
|
— |
|
Issuance and cancellation of stock awards, net |
|
|
44,053 |
|
|
|
1 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Tax payments for restricted stock upon vesting |
|
|
(15,213 |
) |
|
|
— |
|
|
|
(6,700 |
) |
|
|
— |
|
|
|
— |
|
Purchases of common stock |
|
|
(56,372 |
) |
|
|
(1 |
) |
|
|
(17,021 |
) |
|
|
(8,099 |
) |
|
|
— |
|
Exercise of stock options |
|
|
103,107 |
|
|
|
1 |
|
|
|
10,773 |
|
|
|
— |
|
|
|
— |
|
Non-cash equity-based compensation expense |
|
|
— |
|
|
|
— |
|
|
|
11,338 |
|
|
|
— |
|
|
|
— |
|
Currency translation adjustment |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(1,125 |
) |
Balance at March 24, 2024 |
|
|
34,801,757 |
|
|
$ |
348 |
|
|
$ |
1,191 |
|
|
$ |
(4,004,877 |
) |
|
$ |
(4,992 |
) |
|