Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 29, 2025

Accounting Policies [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The company’s financial assets and liabilities that are measured at fair value and are categorized using the fair value hierarchy are as follows (in thousands):

	Fair Value Level 1		Fair Value Level 2		Fair Value Level 3		Total
As of March 29, 2025
Financial Assets:
Interest rate swaps	$	—	$	22,802	$	—	$	22,802
Financial Liabilities:
Contingent consideration	$	—	$	—	$	51,873	$	51,873
Foreign exchange derivative contracts	$	—	$	983	$	—	$	983
As of December 28, 2024
Financial Assets:
Interest rate swaps	$	—	$	29,952	$	—	$	29,952
Financial Liabilities:
Contingent consideration	$	—	$	—	$	53,228	$	53,228
Foreign exchange derivative contracts	$	—	$	1,400	$	—	$	1,400

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table represents changes in the fair value of the contingent consideration liabilities:

	March 29, 2025
Beginning balance	$	53,228
Payments of contingent consideration	(2,028)
New contingent consideration	—
Changes in fair value	673
Ending balance	$	51,873