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Sales of Accounts Receivable
6 Months Ended
Jun. 28, 2025
Receivables [Abstract]  
Sales of Accounts Receivable Sales of Accounts Receivable
We have entered into several customer-sponsored programs administered by unrelated financial institutions that permit us to sell (factor) certain accounts receivable at discounted rates to the financial institutions. Transactions under these agreements were accounted for as sales of accounts receivable, and the related accounts receivable were removed from our Condensed Consolidated Balance Sheets when sold. Sales of accounts receivable under these agreements, and associated factoring costs, which were included in selling, general, and administrative expenses, were as follows:
Three Months EndedSix Months Ended
(in thousands)June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Sales of accounts receivable$354,904 $251,538 $689,074 $536,756 
Factoring costs14,566 12,622 29,154 26,232