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Long-Term Debt (Tables) | 3 Months Ended
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Mar. 29, 2024
Debt Disclosure [Abstract] |
Summary of Long-term Debt | Following is a summary of the Company’s long-term debt:
(in thousands) |  | Maturity Date |  | Interest Rate |  | Interest Paid |  | Public/ Nonpublic |  | March 29, 2024 |  | December 31, 2023
Senior bonds(1) |  | 11/25/2025 |  | 3.80% |  | Semi-annually |  | Public |  | $ | 350,000 |  |  | $ | 350,000 |
Revolving credit facility(2) |  | 7/9/2026 |  | Variable |  | Varies |  | Nonpublic |  | — |  |  | — |
Senior notes |  | 10/10/2026 |  | 3.93% |  | Quarterly |  | Nonpublic |  | 100,000 |  |  | 100,000 |
Senior notes |  | 3/21/2030 |  | 3.96% |  | Quarterly |  | Nonpublic |  | 150,000 |  |  | 150,000 |
Unamortized discount on senior bonds(1) |  | 11/25/2025 |  |  |  |  |  |  |  | (15) |  |  | (17) |
Debt issuance costs |  |  |  |  |  |  |  |  |  | (692) |  |  | (824) |
Total long-term debt |  |  |  |  |  |  |  |  |  | $ | 599,293 |  |  | $ | 599,159 |
(1)The senior bonds due in 2025 were issued at 99.975% of par. (2)The Company’s revolving credit facility has an aggregate maximum borrowing capacity of $500 million. The Company currently believes all banks participating in the revolving credit facility have the ability to and will meet any funding requests from the Company.

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