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v3.25.2

Long-Term Debt | 6 Months Ended
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Jun. 28, 2025
Long-Term Debt [Abstract] |
Long-Term Debt | Note 5 – Long-Term Debt Long-term debt consists of the following:
|  | June 28, 2025 |  |  | December 31, 2024 |
Credit facility |  | $ | 185,000 |  |  | $ | 136,000 |
Convertible senior notes, due 2025 |  |  | - |  |  |  | 41,911 |
Convertible senior notes, due 2030 |  |  | 750,000 |  |  |  | 750,000 |
Deferred financing costs |  |  | (20,496 | ) |  |  | (22,892 | )
|  |  | 914,504 |  |  |  | 905,019 |
Less current portion |  |  | - |  |  |  | - |
|  | $ | 914,504 |  |  | $ | 905,019 |
The following table summarizes some key facts and terms regarding the outstanding convertible senior notes due 2030 as of June 28, 2025:
| 2030 Notes |
Issuance date | September 12, 2023 |
Maturity date | September 15, 2030 |
Principal amount as of June 28, 2025 | $ |  | 750,000 |
Cash coupon rate (per annum) |  |  | 2.25 | %
Conversion rate (per $1 principal amount) |  |  | 33.1609 |
Effective conversion price (per share) | $ |  | 30.16 |
130% of the current effective conversion price (per share) | $ |  | 39.21 |
The convertible senior notes due 2025 matured on June 15, 2025. Upon maturity, $41,911 aggregate principal amount of the convertible senior notes due 2025 were settled in cash, funded by borrowings on the revolving credit facility. No shares were issued to settle the convertible senior notes due 2025. Deferred financing costs are recognized as non-cash interest expense. Non-cash interest expense was $1,195 and $2,418 for the fiscal quarter and six fiscal months ended June 28, 2025, respectively, and $1,213 and $2,426 for the fiscal quarter and six fiscal months ended June 29, 2024.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 Reference 2: 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