Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 29, 2024

Fair Value Disclosures [Abstract]

Schedule of Financial Instruments

The following table presents the carrying values and estimated fair values, including the level within the fair value hierarchy, of certain financial instruments:

	December 29, 2024						December 31, 2023
	Carrying Value		Fair Value (Level 1)		Fair Value (Level 2)		Carrying Value		Fair Value (Level 1)		Fair Value (Level 2)
	(in thousands)
Assets:
Company-owned life insurance	$	22,911	$	—	$	22,911	$	22,788	$	—	$	22,788
Deferred compensation investments	30,521		8,697		21,824		28,417		9,200		19,217
Liabilities(1):
Borrowings under Syndicated Credit Facility(2)	$	5,564	$	—	$	5,564	$	121,658	$	—	$	121,658
5.50% Senior Notes due 2028(3)	300,000		—		294,738		300,000		—		281,991

(1) Carrying values are presented gross, excluding the impact of unamortized debt issuance costs and including amounts presented as current liabilities on the consolidated balance sheets.

(2) Unamortized debt issuance costs associated with term loan borrowings under the Syndicated Credit Facility, recorded as a reduction of long-term debt in the consolidated balance sheets, were not material as of December 29, 2024, and were $1.0 million as of December 31, 2023.

(3) Unamortized debt issuance costs associated with the Senior Notes, recorded as a reduction of long-term debt in the consolidated balance sheets, were $2.8 million and $3.4 million as of December 29, 2024 and December 31, 2023, respectively.