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v3.23.2

Long-Term Debt (Tables) | 6 Months Ended
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Jul. 01, 2023
Long-Term Debt [Abstract] |
Long-term Debt Instruments | Long-term debt consists of the following:
|  | July 1, 2023 |  |  | December 31, 2022 |
Credit facility |  | $ | 185,000 |  |  | $ | 42,000 |
Convertible senior notes, due 2025 |  |  | 465,344 |  |  |  | 465,344 |
Deferred financing costs |  |  | (10,676 | ) |  |  | (6,407 | )
|  |  | 639,668 |  |  |  | 500,937 |
Less current portion |  |  | - |  |  |  | - |
|  | $ | 639,668 |  |  | $ | 500,937 |
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 1, 2023:
|  | Convertible Senior Notes Due 2025 |
Issuance date |  | June 12, 2018 |
Maturity date |  | June 15, 2025 |
Principal amount as of July 1, 2023 |  | $ | 465,344 |
Cash coupon rate (per annum) |  |  | 2.25 | %
Nonconvertible debt borrowing rate at issuance (per annum) |  |  | 5.50 | %
Conversion rate effective June 15, 2023 (per $1 principal amount) |  |  | 32.0879 |
Effective conversion price effective June 15, 2023 (per share) |  | $ | 31.16 |
130% of the current effective conversion price (per share) |  | $ | 40.51 |

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