Fair Value Measurement (Tables)

12 Months Ended

Dec. 29, 2023

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

The fair values and related carrying values of financial instruments that are not required to be remeasured at fair value on the consolidated statements of operations were as follows:

	As of December 29, 2023				As of December 30, 2022
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Liabilities
Term Loan	$	456,863	$	444,299	$	461,513	$	421,130
Incremental Term Loan	$	54,450	$	54,450	$	55,000	$	51,700

Level 3 Measurement Valuation

	Fair value at December 29, 2023	Valuation Technique	Unobservable Input	Volatility
Contingent Value Rights	$1,400	Monte Carlo	Volatility	50 and 55%

The fair values of the stock options were derived using the following key assumptions:

	Time-based Options		Market-based Options
Expected term	3.1-7.0 years		2.5 years
Risk-free rate of return	0.4% - 1.0%		0.6	%
Expected dividend yield	—	%	—	%
Expected volatility	45	%	45	%

CVR Reconciliation

Changes in the CVRs for the years ended December 29, 2023, December 30, 2022, and December 31, 2021 were as follows:

CVR fair value – December 25, 2020	$	4,000
Fair value adjustments	4,900
CVR fair value – December 31, 2021	8,900
Fair value adjustments	(7,200)
CVR fair value – December 30, 2022	1,700
Fair value adjustments	(300)
CVR fair value – December 29, 2023	$	1,400