Fair Value Measurements (Tables)

3 Months Ended

Mar. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents financial assets and financial liabilities that are measured at fair value on a recurring basis at March 30, 2024:

	Fair Value Hierarchy
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	14,000	$	—	$	—	$	14,000
Interest rate swaps	—		10,023		—		10,023
Cross currency swaps	—		26,102		—		26,102
Forward contracts	—		8		—		8
Total	$	14,000	$	36,133	$	—	$	50,133
Liabilities:
Cross currency swaps	$	—	$	78	$	—	$	78
Forward contracts	—		108		—		108
Total	$	—	$	186	$	—	$	186

The following table presents financial assets and financial liabilities that are measured at fair value on a recurring basis at December 30, 2023:

	Fair Value Hierarchy
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	90,000	$	—	$	—	$	90,000
Interest rate swaps	—		10,379		—		10,379
Cross currency swaps	—		20,831		—		20,831
Total	$	90,000	$	31,210	$	—	$	121,210
Liabilities:
Cross currency swaps	$	—	$	466	$	—	$	466
Forward contracts	—		384		—		384
Total	$	—	$	850	$	—	$	850