Fair Value Measurements (Tables)

3 Months Ended

Mar. 29, 2026

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The table below presents the balances of assets and liabilities measured at fair value as of March 29, 2026, December 31, 2025, and March 30, 2025 on a recurring basis as well as the fair values of other financial instruments, including their locations within the unaudited consolidated balance sheets:


(In thousands)	Balance Sheet Location	Fair Value Hierarchy Level	March 29, 2026				December 31, 2025				March 30, 2025
			Carrying Value		Fair Value		Carrying Value		Fair Value		Carrying Value		Fair Value
Assets (liabilities) measured on a recurring basis:
Short-term investments	Other current assets	Level 1	$	145	$	145	$	193	$	193	$	251	$	251

Other assets (liabilities):
Term debt	Long-Term Debt (1)	Level 2	$	(1,481,221)	$	(1,463,446)	$	(1,481,221)	$	(1,466,720)	$	(995,000)	$	(993,508)
2025 notes at 7.000%	Long-Term Debt (1)	Level 2	—		—		—		—		$	(200,000)	$	(200,340)
2027 notes at 5.375%	Long-Term Debt (1)	Level 1	—		—		$	(500,000)	$	(497,650)	$	(500,000)	$	(493,625)
2027 notes at 5.500%	Long-Term Debt (1)	Level 2	—		—		$	(500,000)	$	(498,635)	$	(500,000)	$	(496,535)
2028 notes at 6.500%	Long-Term Debt (1)	Level 1	$	(300,000)	$	(296,592)	$	(300,000)	$	(293,907)	$	(300,000)	$	(301,233)
2029 notes at 5.250%	Long-Term Debt (1)	Level 1	$	(500,000)	$	(471,260)	$	(500,000)	$	(466,145)	$	(500,000)	$	(473,315)
2031 notes at 7.250%	Long-Term Debt (1)	Level 2	$	(800,000)	$	(764,000)	$	(800,000)	$	(769,000)	$	(800,000)	$	(802,736)
2032 notes at 6.625%	Long-Term Debt (1)	Level 2	$	(850,000)	$	(843,379)	$	(850,000)	$	(858,526)	$	(850,000)	$	(859,563)
2032 notes at 8.625%	Long-Term Debt (1)	Level 2	$	(1,000,000)	$	(991,880)	—		—		—		—

(1)Carrying values of long-term debt balances are before reductions for (1) current maturities of long-term debt of $15.0 million, $15.0 million and $210.0 million as of March 29, 2026, December 31, 2025 and March 30, 2025, respectively; (2) debt issuance costs and original issue discount of $55.7 million, $43.3 million and $45.4 million as of March 29, 2026, December 31, 2025 and March 30, 2025, respectively; and (3) acquisition fair value layers of $22.8 million, $21.2 million and $22.3 million as of March 29, 2026, December 31, 2025 and March 30, 2025, respectively.