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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 27, 2025
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value
The Company's financial assets and liabilities measured at fair value on a recurring basis were as follows (in thousands):
 
Fair Value Measurements as of
September 27, 2025
Level 1
Level 2
Level 3
Assets:
Money market funds$20,152 $— $— 
Restricted cash (Note 2)
5,000 — — 
Restricted cash, non-current (Note 2)1,985 — — 
Total assets measured at fair value$27,137 $— $— 
Liabilities:
Term loan (unpaid principal of $182,541) (Note 9)
$— $— $205,292 
Total liabilities measured at fair value$— $— $205,292 
 
Fair Value Measurements as of
 December 28, 2024
 Level 1
Level 2
Level 3
Assets:
Money market funds$59,717 $— $— 
Restricted cash, current1,259 — — 
Restricted cash, non-current (Note 2)2,389 — — 
Derivative instruments (Note 10)
— 438 — 
Total assets measured at fair value$63,365 $438 $— 
Liabilities:
Term loan (unpaid principal of $179,447 ) (Note 9)
$— $— $200,604 
Total liabilities measured at fair value$— $— $200,604 
Summary of Changes in Fair Value of Level 3 Instruments
The following table provides a summary of changes in fair value of our Level 3 instrument for the nine months ended September 27, 2025 (in thousands):
Balance as of December 28, 2024
$200,604 
Repayment(4,000)
Change in fair value8,688 
Balance as of September 27, 2025
$205,292