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Debt (Tables) | 9 Months Ended
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Sep. 28, 2025
Debt Disclosure [Abstract] |
Schedule of long-term debt, net | Long-term debt, net, consists of the following (in thousands):
|  | September 28, 2025 |  | December 29, 2024
Senior Notes |  | $ | 400,000 |  | $ | 400,000
Term Loan |  | 200,000 |  | —
Revolving Facilities |  | 136,690 |  | 346,732
Outstanding debt |  | $ | 736,690 |  | $ | 746,732
Unamortized debt issuance costs |  | (7,055) |  |  | (5,082) |
Current portion of long-term debt |  | (2,500) |  | —
Total long-term debt, net |  | $ | 727,135 |  | $ | 741,650
Schedule of notional value of derivatives | As of September 28, 2025, we had the following interest rate swap agreements:
Effective Dates |  | Floating Rate Debt |  | Fixed Rates
April 29, 2025 through April 25, 2028 |  | $ | 50 million |  | 3.49%
June 30, 2025 through June 30, 2028 |  | $ | 50 million |  | 3.72%
Schedule of location and amounts of derivatives in the financial statements | The following table provides information on the location and amounts of our current swaps in the accompanying Condensed Consolidated Balance Sheets (in thousands):
|  | Interest Rate Swap Derivatives
Balance Sheet Location |  | Fair Value September 28, 2025 |  | Fair Value December 29, 2024
Prepaid and other current assets |  | $ | 62 |  | $ | —
Accrued expenses and other current liabilities |  | $ | 33 |  | $ | 161
Other long-term liabilities |  | $ | 737 |  | $ | —
Schedule of effect of derivatives on the financial statements | The effect of derivative instruments on the accompanying condensed consolidated financial statements is as follows (in thousands):
Derivatives - Cash Flow Hedging Relationships |  | Amount of Gain or (Loss) Recognized in AOCL on Derivative |  | Location of (Loss) or Gain Reclassified from AOCL into Income |  | Amount of (Loss) or Gain Reclassified from AOCL into Income |  | Net Interest Expense on Condensed Consolidated Statements of Operations
Interest rate swaps for the three months ended: |  |  |  |  |  |  |  |
September 28, 2025 |  | $ | (65) |  | Interest expense |  | $ | 158 |  |  | $ | (9,945) |
September 29, 2024 |  | $ | (820) |  | Interest expense |  | $ | 194 |  |  | $ | (10,629) |
Interest rate swaps for the nine months ended: |  |  |  |  |  |  |  |
September 28, 2025 |  | $ | (423) |  | Interest expense |  | $ | 117 |  |  | $ | (30,608) |
September 29, 2024 |  | $ | (80) |  | Interest expense |  | $ | 591 |  |  | $ | (32,588) |

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
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