Long-Term Debt

9 Months Ended

Sep. 27, 2025

Long-Term Debt [Abstract]

Long-Term Debt

Note 5 – Long-Term Debt

Long-term debt consists of the following:

	September 27, 2025			December 31, 2024
Credit facility	$	189,000		$	136,000
Convertible senior notes, due 2025		-			41,911
Convertible senior notes, due 2030		750,000			750,000
Deferred financing costs		(19,302	)		(22,892	)
		919,698			905,019
Less current portion		-			-
	$	919,698		$	905,019

The following table summarizes some key facts and terms regarding the outstanding convertible senior notes due 2030 as of September 27, 2025:

	2030 Notes
Issuance date	September 12, 2023
Maturity date	September 15, 2030
Principal amount as of September 27, 2025	$	750,000
Cash coupon rate (per annum)		2.25	%
Conversion rate (per $1 principal amount)		33.1609
Effective conversion price (per share)	$	30.16
130% of the current effective conversion price (per share)	$	39.21

The convertible senior notes due 2025 matured on June 15, 2025.  Upon maturity, $41,911 aggregate principal amount of the convertible senior notes due 2025 were settled in cash, funded by borrowings on the revolving credit facility.  No shares were issued to settle the convertible senior notes due 2025.

Deferred financing costs are recognized as non-cash interest expense.  Non-cash interest expense was $1,195 and $3,613 for the fiscal quarter and nine fiscal months ended September 27, 2025, respectively, and $1,249 and $3,675 for the fiscal quarter and nine fiscal months ended September 28, 2024.