Financing Arrangements (Tables)

12 Months Ended

Jan. 03, 2026

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

	Jan 3, 2026		Dec 28, 2024
Senior secured revolving credit line	$	698,500	$	—
Term loan facility	805,097		928,542
Delayed draw term loan facility	637,135		712,500
Convertible senior notes	—		745,074
Foreign loans	32,270		8,489
Other debt arrangement	—		462
Total debt	2,173,002		2,395,067
Less: Current maturities of long-term debt	44,420		43,949
Long-term debt	$	2,128,582	$	2,351,118

Carrying Value And Fair Value Of Long Term Debt, Disclosure

The carrying value and estimated aggregate fair value, a level 2 measurement, based primarily on market prices, of debt excluding the Convertible Notes is as follows (in thousands):

	Jan 3, 2026				Dec 28, 2024
	Carrying Value		Fair Value		Carrying Value		Fair Value
Total debt excluding convertible senior notes	$	2,173,002	$	2,175,192	$	1,649,994	$	1,652,702

The company uses floating-to-fixed interest rate swap agreements to hedge variable interest rate risk associated with the Credit Facility. At January 3, 2026, the company had outstanding floating-to-fixed interest rate swaps totaling $155.0 million notional amount carrying an average interest rate of 1.11% maturing in less than 12 months and $315.0 million notional amount carrying an average interest rate of 1.28% that mature in more than 12 months but less than 26 months.

Convertible Debt

The following table summarizes the outstanding principal amount and carrying value of the Convertible Notes (in thousands):

	Dec 28, 2024
Principal	$	747,499
Unamortized issuance costs	(2,425)
Net carrying amount	$	745,074

Schedule of Debt Instruments, Interest Expense

The following table summarizes total interest expense recognized related to the Convertible Notes (in thousands):

	2025		2024		2023
Contractual interest expense	$	5,046	$	7,433	$	7,454
Interest cost related to amortization of debt issuance costs	2,425		3,573		3,583
Total interest expense	$	7,471	$	11,006	$	11,037