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v3.23.1

Financing Arrangements (Tables) | 3 Months Ended
--- | ---
Apr. 01, 2023
Notes To Financial Statements [Abstract] |
Schedule of Long-term Debt Instruments |
| Apr 1, 2023 |  | Dec 31, 2022
| (in thousands)
Senior secured revolving credit line | $ | 282,514 |  |  | $ | 251,805 |
Term loan facility | 963,630 |  |  | 975,785 |
Delayed draw term loan facility | 740,625 |  |  | 750,000 |
Convertible senior notes | 738,816 |  |  | 737,918 |
Foreign loans | 6,232 |  |  | 5,917 |
Other debt arrangement | 847 |  |  | 899 |
Total debt | 2,732,664 |  |  | 2,722,324 |
Less: Current maturities of long-term debt | 44,247 |  |  | 45,583 |
Long-term debt | $ | 2,688,417 |  |  | $ | 2,676,741 |
Carrying Value And Fair Value Of Long Term Debt, Disclosure |
| Apr 1, 2023 |  | Dec 31, 2022
| Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Total debt excluding convertible senior notes | $ | 1,993,848 |  |  | $ | 1,998,968 |  |  | $ | 1,984,406 |  |  | $ | 1,989,871 |
Convertible Debt | The following table summarizes the outstanding principal amount and carrying value of the Convertible Notes:
| Apr 1, 2023 |  | Dec 31, 2022 |  |
| (in thousands)
Principal amounts: |  |  |  |  |
Principal | $ | 747,499 |  |  | $ | 747,499 |  |  |
Unamortized issuance costs | (8,683) |  |  | (9,581) |  |  |
Net carrying amount | $ | 738,816 |  |  | $ | 737,918 |  |  |
Schedule of Debt Instruments, Interest Expense | The following table summarizes total interest expense recognized related to the Convertible Notes:
|  |  | Three Months Ended
|  |  |  |  | Apr 1, 2023 |  | Apr 2, 2022
Contractual interest expense |  |  |  |  | $ | 1,869 |  |  | $ | 1,890 |
Interest cost related to amortization of issuance costs |  |  |  |  | 898 |  |  | 902 |
Total interest expense |  |  |  |  | $ | 2,767 |  |  | $ | 2,792 |

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