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v3.24.3

Debt - Additional Information (Detail) - USD ($) $ in Thousands | 9 Months Ended |  |  |
--- | --- | --- | --- | ---
Sep. 28, 2024 | Jul. 12, 2024 | Dec. 31, 2023 | Sep. 17, 2021
Debt Instrument [Line Items] |  |  |  |
Debt facility fee | The interest rates applicable under the Credit Facility are, at the Company’s option, equal to either the alternate base rate (which is a rate per annum equal to the greatest of (1) the prime rate in effect on such day, (2) the Federal Reserve Bank of New York Rate on such day plus 1⁄2 of 1% per annum and (3) the adjusted Term SOFR rate for a one-month interest period as published two U.S. Government Securities Business Days prior to such day (or if such day is not a U.S. Government Securities Business Day, the immediately preceding U.S. Government Securities Business Day), plus 1% annum) or the applicable 1, 3 or 6 month adjusted Term SOFR or EURIBO rate for euro-denominated loans, in each case, plus an interest rate margin based upon the Company’s leverage ratio, which can range between 0 and 12.5 basis points for alternate base rate loans and between 80 and 112.5 basis points for Term SOFR or EURIBO rate loans. The facility fee on the Credit Facility ranges between 7.5 and 25 basis points per annum, based on the leverage ratio, of the amount of the revolving facility commitments and the outstanding term loan. |  |  |
Long-term debt | $ 1,826,248 |  | $ 2,305,513 |
Line of credit maximum borrowing capacity | $ 13,000 |  | 114,000 |
Notes Payable to Banks [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest rate terms on debt | The interest rates applicable under the Credit Facility are, at the Company’s option, equal to either the alternate base rate (which is a rate per annum equal to the greatest of (1) the prime rate in effect on such day, (2) the Federal Reserve Bank of New York Rate on such day plus 1⁄2 of 1% per annum and (3) the adjusted Term SOFR rate for a one-month interest period as published two U.S. Government Securities Business Days prior to such day (or if such day is not a U.S. Government Securities Business Day, the immediately preceding U.S. Government Securities Business Day), plus 1% annum) or the applicable 1, 3 or 6 month adjusted Term SOFR or EURIBO rate for euro-denominated loans, in each case, plus an interest rate margin based upon the Company’s leverage ratio, which can range between 0 and 12.5 basis points for alternate base rate loans and between 80 and 112.5 basis points for Term SOFR or EURIBO rate loans. The facility fee on the Credit Facility ranges between 7.5 and 25 basis points per annum, based on the leverage ratio, of the amount of the revolving facility commitments and the outstanding term loan. |  |  |
Unused borrowing capacity | $ 1,400,000 |  | 900,000 |
Unsecured Debt [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Debt covenant description | These senior unsecured notes require that the Company comply with an interest coverage ratio test of not less than 3.50:1 for any period of four consecutive fiscal quarters and a leverage ratio test of not more than 3.50:1 as of the end of any fiscal quarter. In addition, these senior unsecured notes include customary negative covenants, affirmative covenants, representations and warranties and events of default. |  |  |
Long-term debt | $ 1,300,000 |  | $ 1,300,000 |
Debt instrument percentage of the amount to be prepaid | 10.00% |  |  |
Debt instrument interest coverage ratio | 3.50% |  |  |
Debt instrument leverage ratio | 3.50% |  |  |
Credit Agreements and Unsecured Debt [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Weighted-average interest rate | 4.14% |  | 4.69% |
Revolving Facilities [Member] | Notes Payable to Banks [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Face value of debt |  |  |  | $ 2,000,000
2021 Credit Facility [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Long term debt gross | $ 600,000 |  | $ 1,100,000 |
Debt Instrument, Term | 5 years |  |  |
Shelf Notes [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Face value of debt |  | $ 200,000 |  |

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