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Fair Value of Financial Instruments (Tables) | 9 Months Ended
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Sep. 28, 2025
Fair Value Disclosures [Abstract] |
Fair Value Measurements, Recurring and Nonrecurring | The following table presents the carrying values and estimated fair values, including the level within the fair value hierarchy, of certain financial instruments:
| September 28, 2025 |  | December 29, 2024
| Carrying Value |  | Fair Value (Level 1) |  | Fair Value (Level 2) |  | Carrying Value |  | Fair Value (Level 1) |  | Fair Value (Level 2)
| (in thousands)
Assets: |  |  |  |  |  |  |  |  |  |  |
Company-owned life insurance | $ | 22,992 |  |  | $ | — |  |  | $ | 22,992 |  |  | $ | 22,911 |  |  | $ | — |  |  | $ | 22,911 |
Deferred compensation investments | 32,357 |  |  | 7,977 |  |  | 24,379 |  |  | 30,521 |  |  | 8,697 |  |  | 21,824 |
Liabilities(1): |  |  |  |  |  |  |  |  |  |  |
Borrowings under Syndicated Credit Facility(2) | 10,054 |  |  | — |  |  | 10,054 |  |  | 5,564 |  |  | — |  |  | 5,564 |
5.50% Senior Notes due 2028(3) | 300,000 |  |  | — |  |  | 300,081 |  |  | 300,000 |  |  | — |  |  | 294,738 |
(1) Carrying values are presented gross, excluding the impact of unamortized debt issuance costs and including amounts presented as current liabilities on the consolidated condensed balance sheets. (2) Unamortized debt issuance costs associated with the revolving loan borrowings under the Facility were $0.8 million and $1.1 million as of September 28, 2025 and December 29, 2024, respectively, and are recorded as other assets in the consolidated condensed balance sheets. The carrying value of borrowings under the Facility approximates fair value as the Facility bears variable interest rates that are similar to existing market rates. The fair value of borrowings under the Facility is estimated using observable market rates. (3) Unamortized debt issuance costs associated with the Senior Notes, recorded as a reduction of long-term debt in the consolidated condensed balance sheets, were $2.3 million and $2.8 million as of September 28, 2025 and December 29, 2024, respectively. Fair value of the Senior Notes is derived using quoted prices for similar instruments.

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