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Debt (Tables)

9 Months Ended

Sep. 28, 2024

Debt Disclosure [Abstract]

Schedule of Debt Balances

The following is a summary of debt balances as of September 28, 2024 and December 31, 2023:

(in thousands)									September 28, 2024						December 31, 2023
0% Convertible senior notes									$	1,150,000					$	1,150,000
Debt issuance costs									(9,507)						(12,458)
Total debt outstanding									$	1,140,493					$	1,137,542
Less: current portion of long-term debt									—						—
Long-term debt									$	1,140,493					$	1,137,542

The following is a summary of the Company’s Notes as of September 28, 2024:

(in thousands)

Principal Amount

Unamortized Issuance Costs

Net Carrying Amount

Fair Value

Amount

Leveling

0% Convertible senior notes due on March 15, 2027

$1,150,000

$9,507

$1,140,493

$184,000

Level 2

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- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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