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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 28, 2025
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 28, 2025December 29, 2024
Carrying ValueFair Value (Level 1)Fair Value (Level 2)Carrying ValueFair Value (Level 1)Fair Value (Level 2)
(in thousands)
Assets:
Company-owned life insurance$23,048 $— $23,048 $22,911 $— $22,911 
Deferred compensation investments33,728 8,941 24,787 30,521 8,697 21,824 
 
Liabilities(1):
Borrowings under Syndicated Credit Facility(2)
$181,779 $— $181,779 $5,564 $— $5,564 
5.50% Senior Notes (3)
— — — 300,000 — 294,738 

(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 were $0.2 million as of December 28, 2025, and recorded as a reduction of long-term debt in the consolidated balance sheets. Unamortized debt issuance costs associated with the Syndicated Credit Facility as of December 29, 2024, were not material.
(3) The Senior Notes were repaid on December 3, 2025, and the outstanding debt was extinguished. As of December 29, 2024, unamortized debt issuance costs associated with the Senior Notes were $2.8 million and were recorded as a reduction of long-term debt in the consolidated balance sheets.