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Long-Term Debt (Tables) | 6 Months Ended
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Jun. 29, 2024
Long-Term Debt [Abstract] |
Long-term Debt Instruments | Long-term debt consists of the following:
|  | June 29, 2024 |  |  | December 31, 2023 |
Credit facility |  | $ | - |  |  | $ | - |
Convertible senior notes, due 2025 |  |  | 95,102 |  |  |  | 95,102 |
Convertible senior notes, due 2030 |  |  | 750,000 |  |  |  | 750,000 |
Deferred financing costs |  |  | (24,480 | ) |  |  | (26,914 | )
|  |  | 820,622 |  |  |  | 818,188 |
Less current portion |  |  | - |  |  |  | - |
|  | $ | 820,622 |  |  | $ | 818,188 |
Key Facts and Terms of the Convertible Debt Instruments | The following table summarizes some key facts and terms regarding the outstanding convertible senior notes as of June 29, 2024:
|  | 2025 Notes |  |  | 2030 Notes |
Issuance date |  | June 12, 2018 |  |  | September 12, 2023 |
Maturity date |  | June 15, 2025 | * |  | September 15, 2030 |
Principal amount as of June 29, 2024 |  | $ | 95,102 |  |  | $ | 750,000 |
Cash coupon rate (per annum) |  |  | 2.25 | % |  |  | 2.25 | %
Conversion rate (per $1 principal amount) |  |  | 32.1684 |  |  |  | 33.1609 |
Effective conversion price (per share) |  | $ | 31.09 |  |  | $ | 30.16 |
130% of the current effective conversion price (per share) |  | $ | 40.42 |  |  | $ | 39.21 |

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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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