Debt and Other Commitments (Tables)

12 Months Ended

Dec. 30, 2023

Long-Term Debt and Capital Leases

Long-term debt, including capital lease obligations, consisted of the following at December 30, 2023 and December 31, 2022:

	Interest Rate at December 30, 2023	Final Maturity	December 30, 2023		December 31, 2022
			(Amounts in thousands)
Unsecured credit facility	6.38%	2026	$	—	$	—
2031 notes	2.40%	2031		494,723		493,994
2026 notes	3.50%	2026		398,421		397,848
Accounts receivable repurchase facility	6.16%	2025		155,000		—
Accounts receivable securitization facility (1)				—		—
				1,048,144		891,842
Current maturities of long-term debt				—		—
Long-term debt			$	1,048,144	$	891,842

(1) The securitization facility (as defined below) was terminated in Fiscal 2023.

Aggregate Maturities of Debt Outstanding

Aggregate maturities of debt outstanding as of December 30, 2023, are as follows (excluding unamortized debt discount and issuance costs) (amounts in thousands):

2024	$	—
2025		155,000
2026		400,000
2027		—
2028		—
Thereafter		500,000
Total	$	1,055,000

Reconciliation of Debt Issuance Costs and Debt Discounts to the Net Carrying Value for Each Debt Obligation (Excluding Line of Credit Arrangements)

The table below reconciles the debt issuance costs and debt discounts to the net carrying value of each of our debt obligations (excluding line-of-credit arrangements) at December 30, 2023 (amounts in thousands):

	Face Value		Debt issuance costs and debt discount		Net carrying value
2031 notes	$	500,000	$	5,277	$	494,723
2026 notes		400,000		1,579		398,421
Total	$	900,000	$	6,856	$	893,144

The table below reconciles the debt issuance costs and debt discounts to the net carrying value of each of our debt obligations (excluding line-of-credit arrangements) at December 31, 2022 (amounts in thousands):

	Face Value		Debt issuance costs and debt discount		Net carrying value
2031 notes	$	500,000	$	6,006	$	493,994
2026 notes		400,000		2,152		397,848
Total	$	900,000	$	8,158	$	891,842

Schedule of Deferred Compensation Amount Outstanding

The amounts outstanding at December 30, 2023 and December 31, 2022 were as follows (amounts in thousands):

	December 30, 2023			December 31, 2022
Deferral elections outstanding	$	27,578		$	25,449
Current portion of deferral elections		(1,371	)		(1,774	)
Long-term portion of deferral elections	$	26,207		$	23,675

Accounts Receivable Repurchase Facility

Schedule of Borrowings and Repayments Under Credit Facility

The table below presents the borrowings and repayments under the repurchase facility during Fiscal 2023:

	Amount (thousands)
Balance as of December 31, 2022	$	—
Borrowings		330,000
Payments		(175,000	)
Balance as of December 30, 2023	$	155,000

Schedule of Net Amount Available Under Credit Facility

The table below presents the net amount available for working capital and general corporate purposes under the repurchase facility as of December 30, 2023:

	Amount (thousands)
Gross amount available	$	200,000
Outstanding		(155,000	)
Available for withdrawal	$	45,000

Schedule of Highest and Lowest Outstanding Balance Under Credit Facility

The table below presents the highest and lowest outstanding balance under the repurchase facility during Fiscal 2023:

	Amount (thousands)
High balance	$	180,000
Low balance	$	—

Accounts Receivable Securitization Facility

Schedule of Borrowings and Repayments Under Credit Facility

The table below presents the borrowings and repayments under the securitization facility during Fiscal 2023:

	Amount (thousands)
Balance as of December 31, 2022	$	—
Borrowings		28,000
Payments		(28,000	)
Balance as of December 30, 2023	$	—

Schedule of Highest and Lowest Outstanding Balance Under Credit Facility

The table below presents the highest and lowest outstanding balance under the securitization facility during Fiscal 2023:

	Amount (thousands)
High balance	$	28,000
Low balance	$	—

Unsecured Credit Facility

Schedule of Borrowings and Repayments Under Credit Facility

The table below presents the borrowings and repayments under the credit facility during Fiscal 2023:

	Amount (thousands)
Balance as of December 31, 2022	$	—
Borrowings		540,000
Payments		(540,000	)
Balance as of December 30, 2023	$	—

Schedule of Net Amount Available Under Credit Facility

The table below presents the net amount available under the credit facility as of December 30, 2023:

	Amount (thousands)
Gross amount available	$	500,000
Outstanding		—
Letters of credit		(8,400	)
Available for withdrawal	$	491,600

Schedule of Highest and Lowest Outstanding Balance Under Credit Facility

The table below presents the highest and lowest outstanding balance under the credit facility during Fiscal 2023:

	Amount (thousands)
High balance	$	174,000
Low balance	$	—

2031 Notes

Schedule of debt discount, underwriting fees and the legal and other fees

The table below presents the debt discount, underwriting fees and other fees for issuing the 2031 notes (amounts in thousands):

Total fees for 2031 notes	Amount at Issuance
Debt discount	$	2,430
Underwriting, legal, and other fees		4,829
Total fees	$	7,259

2026 Notes

Schedule of debt discount, underwriting fees and the legal and other fees

The table below presents the debt discount, underwriting fees and the legal and other fees for issuing the 2026 notes (amounts in thousands):

Total fees for 2026 notes	Amount at Issuance
Debt discount	$	2,108
Underwriting, legal, and other fees		3,634
Total fees	$	5,742