XML 65 R50.htm IDEA: XBRL DOCUMENT v3.25.1
Long-Term Debt - Additional Information (Detail)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 30, 2025
Jul. 01, 2023
Jul. 03, 2021
USD ($)
Apr. 13, 2021
USD ($)
Mar. 29, 2025
USD ($)
Mar. 29, 2025
USD ($)
Dec. 28, 2024
USD ($)
Feb. 01, 2025
Jan. 31, 2025
USD ($)
Jan. 02, 2025
USD ($)
Debt Instrument                    
Loan outstanding amount         $ 1,616,341 $ 1,616,341 $ 1,445,000      
Line of credit facility, issued but undrawn letters of credit         $ 3,659 $ 3,659        
Percentage of equity interests pledged         100.00%          
Percentage of annual excess cash flow         50.00%          
Percentage of annual excess cash flow after attaining first lien secured net leverage ratio one         25.00%          
Percentage of annual excess cash flow after attaining first lien secured net leverage ratio two         0.00%          
Percentage of net cash proceeds of certain non ordinary course asset sales by company and its restricted subsidiaries         100.00%          
Percentage of right to invest of net cash proceeds of certain non ordinary course asset sales by company and its restricted subsidiaries subject to certain qualifications         100.00%          
Percentage of net proceeds of any issuance or incurrence of debt by the Company or any of its restricted subsidiaries         100.00%          
Effective Interest Rate [1]         7.17% 7.17% 7.74%      
Average interest rate on outstanding debt, exclusive the impact of swap         7.18% 7.18% 7.75%      
Average interest rate on outstanding debt, including the impact of swap         7.18%   7.47%      
One-Month Term Secured Overnight Financing Rate (SOFR)                    
Debt Instrument                    
Credit facility, interest rate   0.11448%                
Three-Month Term Secured Overnight Financing Rate (SOFR)                    
Debt Instrument                    
Credit facility, interest rate   0.26161%                
Six-Month Term Secured Overnight Financing Rate (SOFR)                    
Debt Instrument                    
Credit facility, interest rate   0.42826%                
Twelve-Month Term Secured Overnight Financing Rate (SOFR)                    
Debt Instrument                    
Credit facility, interest rate   0.71513%                
Maximum                    
Debt Instrument                    
Pledge percentage of first tier foreign subsidiaries directly owned by company or wholly owned subsidiaries         65.00%          
4.500% Senior Secured Notes due 2029                    
Debt Instrument                    
Debt Instrument, maturity year     2029              
Debt Instrument Interest Rate Stated Percentage     4.50%              
Aggregate principal amount     $ 500,000              
Credit Facilities                    
Debt Instrument                    
Credit Facility, maximum borrowing capacity     $ 1,000,000              
Loan outstanding amount         $ 1,116,341 $ 1,116,341        
Term Loan Facility due April 13, 2028                    
Debt Instrument                    
Loan outstanding amount         $ 945,000 $ 945,000 $ 945,000      
Effective Interest Rate [1]         8.48% 8.48% 9.37%      
Term Loan Facility due April 13, 2028 | Federal Funds Effective Rate                    
Debt Instrument                    
Credit facility, interest rate         0.50%          
Term Loan Facility due April 13, 2028 | Secured Overnight Financing Rate (SOFR)                    
Debt Instrument                    
Credit facility, interest rate         1.00%          
Debt instrument variable rate floor percent determined option one         0.50%          
Effective Interest Rate         3.50% 3.50%        
Term Loan Facility due April 13, 2028 | Maximum | Secured Overnight Financing Rate (SOFR)                    
Debt Instrument                    
Debt instrument variable rate floor percent determined option one         1.50%          
Senior Secured Notes due April 15, 2029                    
Debt Instrument                    
Debt Instrument Interest Rate Stated Percentage         4.50% 4.50%        
Loan outstanding amount         $ 500,000 $ 500,000 $ 500,000      
Effective Interest Rate [1]         4.63% 4.63% 4.69%      
Debt instrument issued date         Apr. 13, 2021          
Debt instrument, mature date         Apr. 15, 2029          
Debt instrument interest payment term         Interest on the Senior Secured Notes is payable semi-annually on April 15 and October 15 of each year.          
Debt Instrument, redemption, description         Commencing April 15, 2024, the Company may on any one or more occasions redeem some or all of the Senior Secured Notes at a purchase price equal to 102.250% of the principal amount of the Senior Secured Notes, plus accrued and unpaid interest, if any, to, but not including, the redemption date, such optional redemption price decreasing to 101.125% on or after April 15, 2025 and to 100.000% on or after April 15, 2026.          
Senior Secured Notes due April 15, 2029 | Change of Control                    
Debt Instrument                    
Debt instrument, percentage of aggregate principal amount that may be redeemed (up to)         101.00%          
Senior Secured Notes due April 15, 2029 | Sale of Assets                    
Debt Instrument                    
Debt instrument, percentage of aggregate principal amount that may be redeemed (up to)         100.00%          
Senior Secured Notes due April 15, 2029 | Debt Instrument Redemption Date, April 15, 2024                    
Debt Instrument                    
Debt Instrument, percentage of principal can be redeemed         102.25%          
Debt Instrument, redemption date         Apr. 15, 2024          
Senior Secured Notes due April 15, 2029 | Debt Instrument Redemption Date, April 15, 2025                    
Debt Instrument                    
Debt Instrument, percentage of principal can be redeemed         101.125%          
Debt Instrument, redemption date         Apr. 15, 2025          
Senior Secured Notes due April 15, 2029 | Debt Instrument Redemption Date, April 15, 2026                    
Debt Instrument                    
Debt Instrument, percentage of principal can be redeemed         100.00%          
Debt Instrument, redemption date         Apr. 15, 2026          
Credit Facilities and Senior Secured Notes                    
Debt Instrument                    
Loan outstanding amount         $ 1,616,341 $ 1,616,341        
Revolving Credit Facility                    
Debt Instrument                    
Debt Instrument Interest Rate Stated Percentage               7.30%    
Credit Facility, maximum borrowing capacity         61,250 61,250        
Loan outstanding amount         171,341 171,341     $ 121,341 $ 50,000
Aggregate principal amount             $ 0      
Credit facility available amount         0 0        
Line of credit facility, issued but undrawn letters of credit         $ 3,659 $ 3,659        
Effective Interest Rate [1]         7.46% 7.46% 0.00%      
Minimum outstanding amount to compliance springing maintenance covenant         35.00%          
Consolidated first lien leverage ratio         7.37          
Revolving Credit Facility | Federal Funds Effective Rate                    
Debt Instrument                    
Credit facility, interest rate         0.50%          
Revolving Credit Facility | Secured Overnight Financing Rate (SOFR)                    
Debt Instrument                    
Credit facility, interest rate         1.00%          
Debt instrument variable rate floor percent determined option one         0.00%          
Effective Interest Rate         2.75% 2.75%        
Revolving Credit Facility | Maximum                    
Debt Instrument                    
Consolidated first lien leverage ratio compliance         5.25 5.25        
Revolving Credit Facility | Maximum | Subsequent Event                    
Debt Instrument                    
Consolidated first lien leverage ratio compliance 5.00                  
Revolving Credit Facility | Maximum | Secured Overnight Financing Rate (SOFR)                    
Debt Instrument                    
Debt instrument variable rate floor percent determined option one         1.00%          
Revolving Credit Facility | Senior Secured Revolving Credit Facility                    
Debt Instrument                    
Debt Instrument, maturity year       2026            
Credit Facility, maximum borrowing capacity       $ 175,000            
Term Loan Facility | Senior Secured Tranche B Term Loan                    
Debt Instrument                    
Debt Instrument, maturity year       2028            
Credit Facility, maximum borrowing capacity       $ 1,000,000            
[1] Includes amortization of deferred financing costs and debt discount.