Long-Term Debt (Tables)

12 Months Ended

Dec. 29, 2024

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments

Long-term debt consisted of the following:

	December 29, 2024				December 31, 2023
	Outstanding Principal		Interest Rate(1)		Outstanding Principal		Interest Rate(1)
	(in thousands)				(in thousands)
Syndicated Credit Facility(2)
Term loan borrowings	$	5,564	5.62	%	$	121,658	6.61	%
Total borrowings under Syndicated Credit Facility	5,564		5.62	%	121,658		6.61	%
5.50% Senior Notes due 2028	300,000		5.50	%	300,000		5.50	%
Total debt	305,564				421,658
Less: Unamortized debt issuance costs	(2,807)				(4,445)
Total debt, net	302,757				417,213
Less: Current portion of long-term debt	(482)				(8,572)
Total long-term debt, net	$	302,275			$	408,641

(1) Represents the weighted average rate of interest for borrowings under the Syndicated Credit Facility and the stated rate of interest for the 5.50% Senior Notes due 2028, without the effect of debt issuance costs.

(2) The Syndicated Credit Facility also includes a multicurrency revolving loan facility as discussed below. There were no revolving loan borrowings outstanding as of December 29, 2024 or December 31, 2023.

Senior Notes Redemption

On or after December 1, 2023, the Company may redeem the Senior Notes, in whole or in part, at any time at the redemption prices listed below, plus accrued and unpaid interest, if any, to (but excluding) the redemption date, if redeemed during the 12-month period commencing on December 1 of the years set forth below:

Period	Redemption Price
2023	102.750	%
2024	101.375	%
2025 and thereafter	100.000	%

Schedule of Future Maturities of Borrowings

The aggregate maturities of borrowings are as follows:

Fiscal Year	Amount
	(in thousands)
2025	$	482
2026	482
2027	4,600
2028	300,000
Total debt	$	305,564