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Long-Term Debt
 3 Months Ended
Mar. 29, 2024
Debt Disclosure [Abstract]  
Long-Term Debt Long-Term Debt
Following is a summary of the Company’s long-term debt:

(in thousands)Maturity
Date		Interest
Rate		Interest
Paid		Public/
Nonpublic		March 29,
2024		December 31,
2023
Senior bonds(1)
11/25/20253.80%Semi-annuallyPublic$350,000 $350,000 
Revolving credit facility(2)
7/9/2026VariableVariesNonpublic— — 
Senior notes10/10/20263.93%QuarterlyNonpublic100,000 100,000 
Senior notes3/21/20303.96%QuarterlyNonpublic150,000 150,000 
Unamortized discount on senior bonds(1)
11/25/2025(15)(17)
Debt issuance costs(692)(824)
Total long-term debt$599,293 $599,159 

(1)The senior bonds due in 2025 were issued at 99.975% of par.
(2)The Company’s revolving credit facility has an aggregate maximum borrowing capacity of $500 million. The Company currently believes all banks participating in the revolving credit facility have the ability to and will meet any funding requests from the Company.

The Company mitigates its financing risk by using multiple financial institutions and only entering into credit arrangements with institutions with investment grade credit ratings. The Company monitors counterparty credit ratings on an ongoing basis.

The indenture under which the Company’s senior bonds were issued does not include financial covenants, but does limit the incurrence of certain liens and encumbrances as well as indebtedness by the Company’s subsidiaries in excess of certain amounts. The agreements under which the Company’s nonpublic debt was issued include two financial covenants: a consolidated cash flow/fixed charges ratio and a consolidated funded indebtedness/cash flow ratio, each as defined in the respective agreement. The Company was in compliance with these covenants as of March 29, 2024. These covenants have not restricted, and are not expected to restrict, the Company’s liquidity or capital resources.

All outstanding long-term debt has been issued by the Company and none has been issued by any of its subsidiaries. There are no guarantees of the Company’s long-term debt.