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Financing Arrangements (Tables) | 12 Months Ended
--- | ---
Dec. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments |
| 2023 |  | 2022
| (in thousands)
Senior secured revolving credit line | $ | — |  |  | $ | 251,805 |
Term loan facility | 945,913 |  |  | 975,785 |
Delayed draw term loan facility | 726,563 |  |  | 750,000 |
Convertible senior notes | 741,501 |  |  | 737,918 |
Foreign loans | 10,531 |  |  | 5,917 |
Other debt arrangement | 687 |  |  | 899 |
Total debt | 2,425,195 |  |  | 2,722,324 |
Less: Current maturities of long-term debt | 44,822 |  |  | 45,583 |
Long-term debt | $ | 2,380,373 |  |  | $ | 2,676,741 |
Carrying Value And Fair Value Of Long Term Debt, Disclosure | The carrying value and estimated aggregate fair value, a level 2 measurement, based primarily on market prices, of debt excluding the Convertible Notes is as follows (in thousands):
| Dec 30, 2023 |  | Dec 31, 2022
| Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Total debt excluding convertible senior notes | $ | 1,683,694 |  |  | $ | 1,687,781 |  |  | $ | 1,984,406 |  |  | $ | 1,989,871 |
Convertible Debt | The following table summarizes the outstanding principal amount and carrying value of the Convertible Notes:
| Dec 30, 2023 |  | Dec 31, 2022 |  |
| (in thousands)
Principal amounts: |  |  |  |  |
Principal | $ | 747,499 |  |  | $ | 747,499 |  |  |
Unamortized issuance costs | (5,998) |  |  | (9,581) |  |  |
Net carrying amount | $ | 741,501 |  |  | $ | 737,918 |  |  |
Schedule of Debt Instruments, Interest Expense | The following table summarizes total interest expense recognized related to the Convertible Notes:
| Twelve Months Ended
| Dec 30, 2023 |  | Dec 31, 2022 |  | Jan 1, 2022
Contractual interest expense | $ | 7,454 |  |  | $ | 7,475 |  |  | $ | 7,454 |
Interest cost related to amortization of debt issuance costs | 3,583 |  |  | 3,587 |  |  | 3,484 |
Total interest expense | $ | 11,037 |  |  | $ | 11,062 |  |  | $ | 10,938 |
Schedule of Maturities of Long-term Debt |
2024 | $ | 44,822 |
2025 | 785,304 |
2026 | 1,589,014 |
2027 | 755 |
2028 and thereafter | 5,300 |
| $ | 2,425,195 |

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