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Debt and Finance Leases (Tables) | 3 Months Ended
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Mar. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | Debt and finance leases included the following:
| March 30, 2024 |  | December 31, 2023
ABL Credit Facility due December 2025: $131 million net availability, bearing interest of 7.42% (5.42% adjusted SOFR plus 2.00% margin) at March 30, 2024 | $ | — |  |  | $ | — |
Term Loan due July 2027: bearing interest of 13.30% (5.30% three-month Term SOFR plus 8.00% margin) at March 30, 2024 | 248,750 |  |  | 250,000 |
7.625% Senior Secured Notes due January 2026 | 464,640 |  |  | 464,640 |
5.50% CAD-based term loan due April 2028 | 28,074 |  |  | 30,479 |
Other loans(a) | 51,783 |  |  | 44,754 |
Short-term factoring facility | 3,493 |  |  | 5,292 |
Finance lease obligations | 1,250 |  |  | 1,355 |
Total principal payments due | 797,990 |  |  | 796,520 |
Less: unamortized premium, discount and issuance costs | (19,308) |  |  | (19,063) |
Total debt | 778,682 |  |  | 777,457 |
Less: debt due within one year | (23,056) |  |  | (25,283) |
Long-term debt | $ | 755,626 |  |  | $ | 752,174 |
(a)Consist of loans for energy projects and other loans intended for use in biomaterials projects in France.
Schedule of Maturities of Long-term Debt | As of March 30, 2024, the Company’s debt principal payments, excluding finance lease obligations, were due as follows:
Remainder of 2024 | $ | 18,713 |
2025 | 19,003 |
2026 | 483,691 |
2027 | 245,664 |
2028 | 9,967 |
Thereafter | 19,702 |
Total debt principal payments | $ | 796,740 |

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