Long-Term Debt (Tables)

12 Months Ended

Dec. 30, 2023

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-term debt consists of the following:

	December 30,			December 31,
	2023			2022
	(in thousands)
2021 Senior Notes Due 2029 - Senior notes issued on September 24, 2021,     due October 1, 2029. Interest payable semi- annually, in arrears,     beginning on April 1, 2022, accruing at a rate of 4.375% per annum     beginning September 24, 2021.	$	575,000		$	575,000
2016 Credit Agreement Due 2027 - Revolving credit facility     with no contractually scheduled amortization payments.     Outstanding balance, if any, due on October 12, 2027.     Interest payable at SOFR or the Base prime rate plus an     applicable margin, due at the end of each SOFR term or     Base loan term plus an applicable margin. At December 30,     2023, the average rate was 7.11%, including a SOFR rate of     5.36% and an applicable margin of 1.75%. At December 31,     2022, the average rate was 6.07%, including a SOFR rate of     4.32% and an applicable margin of 1.75%.		45,000			76,352
Long-term debt		620,000			651,352
Fees, costs, and discount (1)		(7,898	)		(9,218	)
Long-term debt, net		612,102			642,134
Less current portion of long-term debt		—			—
Long-term debt, net, less current portion	$	612,102		$	642,134

(1)Fees, costs, and discount represents third-party fees, lender fees, other debt-related costs, and original issue premium and discount, recorded as a net reduction of the carrying value of debt and are amortized over the lives of the debt instruments to which they relate under the effective interest method.

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 year ended December 30, 2023, are as follows:

(in thousands)	Total
At beginning of year	$	9,218
Less: Amortization expense		(1,320	)
At end of year	$	7,898

Estimated Amortization Expense Relating to Third-Party Fees and Costs, Lender Fees and Discount

Estimated amortization expense relating to third-party fees and costs, lender fees and discount for the years indicated, as of December 30, 2023, is as follows:

(in thousands)	Total
2024	$	1,366
2025		1,442
2026		1,466
2027		1,440
2028		1,222
Thereafter		962
Total	$	7,898

Future Maturities of Long-Term Debt

The following represents future maturities of long-term debt as of December 30, 2023 (at face value):

(in thousands)	Total
2024	$	—
2025		—
2026		—
2027		45,000
2028		—
Thereafter		575,000
Total	$	620,000

Schedule of Interest Expense, Net

Interest expense, net consisted of the following:

	Year Ended
	December 30,			December 31,			January 1,
	2023			2022			2022
(in thousands)
Long-term debt	$	30,527		$	27,866		$	28,625
Debt fees		697			433			474
Amortization and write-offs of deferred
financing costs and debt discount		1,320			1,242			978
Interest income		(1,245	)		(620	)		(27	)
Interest expense		31,299			28,921			30,050
Capitalized interest		(222	)		(42	)		(21	)
Interest expense, net	$	31,077		$	28,879		$	30,029