Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 28, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Cross Currency Swap Contracts, Forward Contracts, and Interest Rate Swaps

The fair values of cross currency swap contracts, forward contracts and interest rate swap contracts were as follows:

(in thousands)	Balance Sheet Location	December 28, 2024		December 30, 2023
Derivatives not designated as hedging instruments:
Forward contracts	Derivative asset – current	$	4,574	$	—
Cross currency swaps	Derivative asset – non-current	—		20,831
Total derivatives in an asset position		$	4,574	$	20,831
Forward contracts	Accounts payable and accrued liabilities	$	—	$	384
Cross currency swaps	Accounts payable and accrued liabilities	—		466
Total derivatives in a liability position		$	—	$	850
Derivatives designated as hedging instruments:
Interest rate swaps	Derivative asset – current	$	—	$	7,691
Interest rate swaps	Derivative asset – non-current	—		2,688
Total derivatives in an asset position		$	—	$	10,379
Total deferred gain	Accumulated other comprehensive income	$	4,432	$	13,045

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location

The impact of derivative financial instruments on the Consolidated Statements of Operations and Comprehensive Income was as follows:

(in thousands)	Fiscal Year
	2024		2023		2022
Gain (loss) on forward contracts recognized in (loss) gain on foreign currency, net	$	5,401	$	(373)	$	802
Gain (loss) on cross currency swaps recognized in (loss) gain on foreign currency, net	$	7,647	$	(2,770)	$	8,416
Gain on interest rate swaps recognized in interest expense, net	$	10,977	$	11,110	$	2,169

Schedule of Accumulated Other Comprehensive Income (Loss)

The table below presents the effect of cash flow hedge accounting on other comprehensive (loss) income, net of tax:

(in thousands)	Fiscal Year
	2024		2023		2022
Gain recognized in other comprehensive (loss) income	$	2,364	$	3,141	$	20,678
Gain reclassified from accumulated other comprehensive income into net income	$	10,977	$	11,110	$	2,205