Subsequent Events	3 Months Ended
Apr. 01, 2025
Subsequent Events
Subsequent Events	(13) Subsequent Event On April 24, 2025, we entered into an agreement for a new revolving credit facility (the "new credit facility") with a syndicate of commercial lenders led by JPMorgan Chase Bank, N.A. and PNC Bank, N.A. This new credit facility supersedes and replaces our previous credit facility. The new credit facility is a five-year, unsecured, revolving credit facility under which the Company can borrow up to $450.0 million with the option to increase by an additional $250.0 million, subject to certain limitations, including approval by the syndicate of lenders. The new credit facility has a maturity date of April 24, 2030. Under the new credit facility, we are required to pay interest on outstanding borrowings at SOFR, plus a fixed adjustment of 0.10% and a variable adjustment of 1.00% to 1.75% depending on our consolidated net leverage ratio. The lenders’ obligation to extend credit pursuant to the new credit facility depends on us maintaining certain financial covenants, including a minimum consolidated fixed charge ratio and a maximum consolidated leverage ratio. The new credit facility permits us to incur additional secured or unsecured indebtedness, except for the incurrence of secured indebtedness that in the aggregate is equal to or greater than $125.0 million and 20% of our consolidated tangible net worth. At the time of execution of the credit agreement, we had no outstanding borrowings under the previous credit facility nor did we borrow on the new credit facility.

Subsequent Events

3 Months Ended

Apr. 01, 2025

(13) Subsequent Event

On April 24, 2025, we entered into an agreement for a new revolving credit facility (the "new credit facility") with a syndicate of commercial lenders led by JPMorgan Chase Bank, N.A. and PNC Bank, N.A. This new credit facility supersedes and replaces our previous credit facility.

The new credit facility is a five-year, unsecured, revolving credit facility under which the Company can borrow up to $450.0 million with the option to increase by an additional $250.0 million, subject to certain limitations, including approval by the syndicate of lenders. The new credit facility has a maturity date of April 24, 2030.

Under the new credit facility, we are required to pay interest on outstanding borrowings at SOFR, plus a fixed adjustment of 0.10% and a variable adjustment of 1.00% to 1.75% depending on our consolidated net leverage ratio.

The lenders’ obligation to extend credit pursuant to the new credit facility depends on us maintaining certain financial covenants, including a minimum consolidated fixed charge ratio and a maximum consolidated leverage ratio. The new credit facility permits us to incur additional secured or unsecured indebtedness, except for the incurrence of secured indebtedness that in the aggregate is equal to or greater than $125.0 million and 20% of our consolidated tangible net worth.

At the time of execution of the credit agreement, we had no outstanding borrowings under the previous credit facility nor did we borrow on the new credit facility.