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Debt (Tables)

9 Months Ended

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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