Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 28, 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 June 28, 2025
Financial Assets:
Interest rate swaps	$	—	$	17,983	$	—	$	17,983
Financial Liabilities:
Contingent consideration	$	—	$	—	$	34,545	$	34,545
Foreign exchange derivative contracts	$	—	$	663	$	—	$	663
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:

	June 28, 2025
Beginning balance	$	53,228
Payments of contingent consideration	(17,593)
Changes in fair value	(1,090)
Ending balance	$	34,545