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Subsequent Events | 6 Months Ended
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Jun. 27, 2026
Subsequent Events [Abstract] |
Subsequent Events | On July 22, 2026, the Company entered into a new Term Loan B and new asset based revolving credit facility consisting of $735 million senior secured Term Loan B (the "New Term Loan"), maturing 2033 and $375 million senior secured asset-based revolving credit facility (the "New ABL Facility”), maturing 2031. The net proceeds of the transaction were used to refinance the Company's existing Term Loan B due 2028, pay down the existing ABL facility due 2027, as well as related fees and expenses, and for general corporate purposes. On July 31, 2026, the Company entered into an agreement to purchase Kanebridge Corporation ("Kanebridge") for approximately $315,000, subject to customary adjustments for cash, indebtedness, working capital and transaction expenses. Kanebridge is a master distributor of fasteners, primarily serving the commercial and industrial market. Kanebridge has business operations in the United States and its financial results will reside in the Company's Hardware and Protective Solutions reportable segment. The acquisition will be funded with a combination of cash on hand, a draw on our revolving credit facility, and an additional Term Loan B.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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