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Borrowings (Tables)
 9 Months Ended
Sep. 28, 2025
Debt Disclosure [Abstract]  
Schedule of Components of Long-Term Debt, Net
Our long-term debt, net consists of the following (in thousands).
As of
Annual Interest RateMaturity DateSeptember 28, 2025December 29, 2024
2028 Convertible Senior Notes3.0 %May 1, 2028$172,500 $172,500 
2030 Convertible Senior Notes4.8 %September 15, 2030360,000 — 
Long-term loans
Floating rate3.4 %June 30, 2027236 283 
Floating rate3.4 %June 30, 2028355 340 
Fixed rate5.2 %February 3, 2026— 914 
Total Convertible Senior Notes and other borrowings533,091 174,037 
Less: unamortized debt issuance costs(14,506)(4,047)
Long-term debt518,585 169,990 
Current portion of long-term debt(237)(170)
Long-term debt, net$518,348 $169,820 
Schedule Of Capped Calls table below summarizes the key terms, subject to certain adjustments, of the 2030 Capped Calls transactions related to the 2030 Convertible Senior Notes (in dollars):
2030 Capped Calls
Tranche 1Tranche 2Tranche 3Tranche 4
Initial strike price per share
$11.21 $11.21 $11.21 $11.21 
Initial cap price per share
$16.47 $17.84 $18.76 $20.13 
Premiums per Option
$1.05 $1.40 $1.57 $1.63 
Expiration dates
From February 10, 2026 to March 10,2026From August 13, 2026 to September 10,2026From February 10, 2027 to March 10,2027From August 11, 2028 to September 8,2028
Final termination date
July 8, 2026January 5, 2027July 7, 2027January 5, 2029
Schedule of Interest Expense Related to Convertible Notes
The following table summarizes the interest expense related to Convertible Senior Notes and loans (excluding the interest expense recorded in connection with the Warrants), which are recorded within Interest expense in the Condensed Consolidated Statements of Operations (in thousands).
Fiscal Quarter EndedFiscal Years-to-Date Ended
September 28, 2025September 29, 2024September 28, 2025September 29, 2024
Coupon interest$2,043 $1,294 $4,631 $3,881 
Amortization of debt issuance costs378 275 941 817 
Total interest expense on Convertible Senior Notes2,421 1,569 5,572 4,698 
Loan interest121 148 391 369 
Total interest expense related to Convertible Senior Notes and loans$2,542 $1,717 $5,963 $5,067 
Schedule of Maturities of Long-Term Debt
The following table summarizes our long-term debt maturities, based on outstanding principal by years (in thousands).
September 28, 2025
2025 (remaining 3 months)$119 
2026236 
2027177 
2028172,559 
2029— 
2030360,000 
Total gross amount of long-term debt$533,091