Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 25, 2022

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Schedule Of Fair Value, Assets Measured on Recurring Basis

At December 25, 2022 and December 26, 2021, the Company had the following assets and liabilities measured using Level 2 fair value indicators in its Combined Balance Sheets:

(In thousands)	Fair Value
December 25, 2022
Assets:
Derivatives	$	6,744
Total assets	$	6,744
Liabilities:
Derivatives	$	2,266
Total liabilities	$	2,266
December 26, 2021
Assets:
Derivatives	$	4,294
Total assets	$	4,294
Liabilities:
Derivatives	$	1,613
Total liabilities	$	1,613

The Company’s derivatives consist of foreign currency forward contracts. The Company uses current forward rates of the respective foreign currencies to measure the fair value of these contracts.