Debt (Tables)

3 Months Ended

Mar. 30, 2025

Debt Disclosure [Abstract]

Schedule of long-term debt, net

Long-term debt, net, consists of the following (in thousands):

	March 30, 2025		December 29, 2024
Senior Notes	$	400,000	$	400,000
Term Loan	200,000		—
Revolving Facilities	149,893		346,732
Outstanding debt	$	749,893	$	746,732
Unamortized debt issuance costs	(7,960)		(5,082)
Total long-term debt, net	$	741,933	$	741,650

Schedule of future principal maturities

Future principal maturities under the Term Loan by year are as follows (in thousands):

2025	$	—
2026	7,500
2027	13,750
2028	15,000
2029	18,750
Thereafter	145,000
Total	$	200,000

Schedule of notional value of derivatives

As of March 30, 2025, we have the following interest rate swap agreements:

Effective Dates	Floating Rate Debt		Fixed Rates
June 23, 2023 through June 30, 2025	$	50 million	4.55%
June 23, 2023 through June 30, 2025	$	50 million	4.55%

Schedule of location and amounts of derivatives in the financial statements

The following table provides information on the location and amounts of our current swaps in the accompanying Condensed Consolidated Balance Sheets (in thousands):

	Interest Rate Swap Derivatives
Balance Sheet Location	Fair Value March 30, 2025		Fair Value December 29, 2024
Accrued expenses and other current liabilities	$	70	$	161

Schedule of effect of derivatives on the financial statements

The effect of derivative instruments on the accompanying condensed consolidated financial statements is as follows (in thousands):

Derivatives - Cash Flow Hedging Relationships	Amount of Gain or (Loss) Recognized in AOCL on Derivative		Location of (Loss) or Gain Reclassified from AOCL into Income	Amount of (Loss) or Gain Reclassified from AOCL into Income		Net Interest Expense on Condensed Consolidated Statements of Operations
Interest rate swaps for the three months ended:
March 30, 2025	$	71	Interest expense	$	(56)	$	(10,079)
March 31, 2024	$	672	Interest expense	$	200	$	(11,063)