Subsequent Events	6 Months Ended
Subsequent Events	Jul. 01, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company has evaluated subsequent events from the balance sheet date through August 11, 2023, the date the financial statements were available to be issued, and determined there are no additional events or transactions to disclose other than the events listed below. Initial public offering The registration statement related to our IPO was declared effective on June 28, 2023, and our common stock began trading on the New York Stock Exchange on June 29, 2023. On July 3, 2023, we completed our IPO for the sale of 18.8 million shares of our common stock, $0.000001 par value per share, at a public offering price of $18.00 per share. Net proceeds to the Company from the IPO were $305.7 million after deducting underwriting discounts and commissions of $22.8 million and unpaid offering expenses of approximately $9.0 million. Certain funds, investment vehicles or accounts managed or advised by the Private Equity Group of Ares Management Corporation (the “selling stockholders”) sold 6.9 million shares, including 3.3 million shares pursuant to the exercise of the underwriters’ over-allotment option. The Company did not receive any proceeds from sales made by the selling stockholders. Indebtedness The Company used the net proceeds from its IPO, together with an additional $5.9 million of cash on its balance sheet, to redeem $55.0 million aggregate principal amount of Senior Secured Notes on July 3, 2023 and to repay $252.4 million aggregate principal amount of outstanding borrowings under the Term Loan Facility on July 5, 2023. In addition to paying accrued interest on these borrowings, the Company also paid a premium of 3%, or $1.7 million, on the partial redemption of its Senior Secured Notes. The Company did not incur a penalty on the partial repayment of borrowings under the Term Loan Facility. These transactions resulted in a loss on extinguishment of debt of $10.6 million. On July 3, 2023, the Company repaid the $5.0 million advance under its Revolving Credit Facility. Stock-based compensation On July 2, 2023, the Company modified the vesting terms of its outstanding performance-based options subject to market-specific performance conditions. The Company determined the modified vesting terms constituted a modification under Topic 718 and thus remeasured the fair value of its outstanding performance-based options subject to market-specific performance conditions as of July 2, 2023. Upon completion of our IPO on July 3, 2023, we commenced recognition of stock-based compensation for our performance-based options as the underlying performance-based conditions were satisfied. Stock-based compensation expense for the 2.0 million performance-based options that vested upon completion of our IPO was approximately $28 million, with approximately $126 million of unrecognized stock-based compensation expense for the remaining outstanding performance-based options that we plan to recognize in future periods on a graded vesting basis over their expected vesting period. Emerging growth company status Upon completion of our IPO on July 3, 2023, the Company ceased to be an emerging growth company (“EGC”) under the Jumpstart Our Business Startups (“JOBS”) Act. The previous EGC status allowed the Company to take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and compliance exemptions with new or revised financial accounting standards until those standards would otherwise apply to private companies. In anticipation of losing EGC status, the Company has prepared for auditor attestation requirements pursuant to Section 404 of the Sarbanes-Oxley Act and the Company is currently in compliance with new or revised standards required for non-emerging growth companies. Accordingly, the loss of EGC status will not have a significant impact on the Company.