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Derivative Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 29, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative instruments The remaining Swap Transactions have an aggregate notional amount of $275.0 million with the following terms:
NOTIONAL AMOUNTWEIGHTED AVERAGE FIXED INTEREST RATE (1)EFFECTIVE DATETERMINATION DATE
$100,000,000 4.34%December 29, 2023December 31, 2025
175,000,000 4.40%March 29, 2024March 31, 2026
$275,000,000 4.38%
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(1)The weighted average fixed interest rate excludes the term SOFR adjustment and interest rate spread described below.
Schedule of derivative instruments in statement of financial position, fair value
The following table presents the fair value and classification of the Company’s swap agreements as of the periods indicated:
(dollars in thousands)CONSOLIDATED BALANCE SHEETS CLASSIFICATIONJUNE 29, 2025DECEMBER 29, 2024
Interest rate swaps - liabilityAccrued and other current liabilities$683 $579 
Interest rate swaps - liabilityOther long-term liabilities, net— 255 
Total fair value of derivative instruments - liabilities (1)$683 $834 
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(1)See Note 13 - Fair Value Measurements for fair value discussion of the interest rate swaps.
Schedule of foreign exchange contracts, statement of operations
The following table summarizes the effects of the Company’s foreign exchange forward contracts on the Consolidated Statements of Operations and Comprehensive Income (Loss) for the periods indicated:
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) CLASSIFICATIONTHIRTEEN WEEKS ENDEDTWENTY-SIX WEEKS ENDED
(dollars in thousands)JUNE 29, 2025JUNE 29, 2025
Loss on foreign currency forward contracts (1)General and administrative$8,461 $18,711 
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(1)The loss on foreign currency forward contracts is materially offset within General and administrative expense by the gains on foreign currency exchange related to the installment receivable from the Brazil Sale Transaction.