Long-Term Debt (Tables)

3 Months Ended

Apr. 01, 2023

Debt Disclosure [Abstract]

Schedule of Long-term Debt

	April 1,			December 31,
	2023			2022
	(in thousands)
2021 Senior Notes due 2029, maturing in October 2029	$	575,000		$	575,000
2016 Credit Agreement due 2027, maturing in October 2027		79,000			76,352
Long-term debt		654,000			651,352
Deferred financing costs		(8,892	)		(9,218	)
Long-term debt, net	$	645,108		$	642,134

Activity Relating to Deferred Financing Costs

Activity relating to deferred financing costs, which is classified as a reduction of the carrying value of long-term debt, for the three months ended April 1, 2023, is as follows:

(in thousands)	Total
At beginning of year	$	9,218
Less: Amortization expense		(326	)
At end of period	$	8,892

Estimated Amortization Expense Relating to Deferred Financing Costs

Estimated amortization expense relating to deferred financing costs for the years indicated as of April 1, 2023, is as follows:

(in thousands)	Total
Remainder of 2023	$	994
2024		1,366
2025		1,442
2026		1,466
2027		1,440
Thereafter		2,184
Total	$	8,892

Contractual Future Maturities of Long-Term Debt

The contractual future maturities of long-term debt outstanding, as of April 1, 2023, are as follows (at face value):

(in thousands)
Remainder of 2023	$	—
2024		—
2025		—
2026		—
2027		79,000
Thereafter		575,000
Total	$	654,000