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v3.22.2

Long-Term Debt (Tables) | 6 Months Ended
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Jul. 02, 2022
Long-Term Debt [Abstract] |
Long-term Debt Instruments | Long-term debt consists of the following:
|  | July 2, 2022 |  |  | December 31, 2021 |
Credit facility |  | $ | 6,000 |  |  | $ | - |
Convertible senior notes, due 2025 |  |  | 465,344 |  |  |  | 465,344 |
Deferred financing costs |  |  | (8,042 | ) |  |  | (9,678 | )
|  |  | 463,302 |  |  |  | 455,666 |
Less current portion |  |  | - |  |  |  | - |
|  | $ | 463,302 |  |  | $ | 455,666 |
Key Facts and Terms of the Convertible Debt Instruments | The following table summarizes some key facts and terms regarding the outstanding convertible senior notes due 2025 as of July 2, 2022:
|  | Convertible Senior Notes Due 2025 |
Issuance date |  | June 12, 2018 |
Maturity date |  | June 15, 2025 |
Principal amount as of July 2, 2022 |  | $ | 465,344 |
Cash coupon rate (per annum) |  |  | 2.25 | %
Nonconvertible debt borrowing rate at issuance (per annum) |  |  | 5.50 | %
Conversion rate effective June 16, 2022 (per $1 principal amount) |  |  | 32.0005 |
Effective conversion price effective June 16, 2022 (per share) |  | $ | 31.25 |
130% of the current effective conversion price (per share) |  | $ | 40.63 |

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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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