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Long-Term Debt (Tables) | 12 Months Ended
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Dec. 29, 2024
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt Instruments | Long-term debt consisted of the following:
| December 29, 2024 |  | December 31, 2023
| Outstanding Principal |  | Interest Rate(1) |  | Outstanding Principal |  | Interest Rate(1)
| (in thousands) |  |  |  | (in thousands) |  |
Syndicated Credit Facility(2) |  |  |  |  |  |  |
Term loan borrowings | $ | 5,564 |  |  | 5.62 | % |  | $ | 121,658 |  |  | 6.61 | %
Total borrowings under Syndicated Credit Facility | 5,564 |  |  | 5.62 | % |  | 121,658 |  |  | 6.61 | %
5.50% Senior Notes due 2028 | 300,000 |  |  | 5.50 | % |  | 300,000 |  |  | 5.50 | %
Total debt | 305,564 |  |  |  |  | 421,658 |  |  |
Less: Unamortized debt issuance costs | (2,807) |  |  |  |  | (4,445) |  |  |
Total debt, net | 302,757 |  |  |  |  | 417,213 |  |  |
Less: Current portion of long-term debt | (482) |  |  |  |  | (8,572) |  |  |
Total long-term debt, net | $ | 302,275 |  |  |  |  | $ | 408,641 |  |  |
(1) Represents the weighted average rate of interest for borrowings under the Syndicated Credit Facility and the stated rate of interest for the 5.50% Senior Notes due 2028, without the effect of debt issuance costs. (2) The Syndicated Credit Facility also includes a multicurrency revolving loan facility as discussed below. There were no revolving loan borrowings outstanding as of December 29, 2024 or December 31, 2023.
Senior Notes Redemption | On or after December 1, 2023, the Company may redeem the Senior Notes, in whole or in part, at any time at the redemption prices listed below, plus accrued and unpaid interest, if any, to (but excluding) the redemption date, if redeemed during the 12-month period commencing on December 1 of the years set forth below:
Period | Redemption Price
2023 | 102.750 | %
2024 | 101.375 | %
2025 and thereafter | 100.000 | %
Schedule of Future Maturities of Borrowings | The aggregate maturities of borrowings are as follows:
Fiscal Year | Amount
| (in thousands)
2025 | $ | 482 |
2026 | 482 |
2027 | 4,600 |
2028 | 300,000 |
Total debt | $ | 305,564 |

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- Definition Tabular disclosure of debt instruments or arrangements with redemption features. Includes, but is not limited to, description of debt redemption features, percentage price at which debt can be redeemed by the issuer, and period start and end for debt maturity or redemption. + References No definition available. + Details
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