v3.25.1
Long-term Debt and Letters of Credit (Tables)
3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Long-term Debt

Long-term debt was as follows:

 

 

 

As of

 

 

 

March 31, 2025

 

 

December 30, 2024

 

 

 

Interest Rate

 

Principal
Outstanding

 

 

Interest Rate

 

Principal
Outstanding

 

 

 

(In thousands, except interest rates)

 

Senior Notes due March 2029

 

 

4.00

 

%

 

$

500,000

 

 

 

4.00

 

%

 

$

500,000

 

Term Loan due May 2030

 

 

6.57

 

 

 

 

344,768

 

 

 

6.59

 

 

 

 

345,634

 

Asia ABL Revolving Loan due June 2028

 

 

5.62

 

 

 

 

80,000

 

 

 

5.64

 

 

 

 

80,000

 

Other

 

 

5.99

 

 

 

 

2,230

 

 

 

5.99

 

 

 

 

2,311

 

Total debt

 

 

 

 

 

 

926,998

 

 

 

 

 

 

 

927,945

 

Less: Unamortized debt issuance costs

 

 

 

 

 

 

(6,625

)

 

 

 

 

 

 

(6,951

)

Less: Unamortized debt discount

 

 

 

 

 

 

(2,727

)

 

 

 

 

 

 

(2,840

)

Subtotal

 

 

 

 

 

 

917,646

 

 

 

 

 

 

 

918,154

 

Less: Current maturities

 

 

 

 

 

 

(3,800

)

 

 

 

 

 

 

(3,795

)

Long-term debt, less current maturities

 

 

 

 

 

$

913,846

 

 

 

 

 

 

$

914,359

 

Schedule of Remaining Unamortized Debt Discount and Debt Issuance Costs

Remaining unamortized debt issuance costs and debt discount were as follows:

 

 

 

As of

 

 

March 31, 2025

 

December 30, 2024

 

 

Debt
Issuance Costs

 

 

Debt
Discount

 

 

Effective
Interest Rate

 

Debt
Issuance Costs

 

 

Debt
Discount

 

 

Effective
Interest Rate

 

 

(In thousands, except interest rates)

Senior Notes due March 2029

 

$

3,176

 

 

$

 

 

 

4.18

 

%

 

$

3,362

 

 

$

 

 

 

4.18

 

%

Term Loan due May 2030

 

 

3,449

 

 

 

2,727

 

 

 

8.01

 

 

 

 

3,589

 

 

 

2,840

 

 

 

8.01

 

 

Total

 

$

6,625

 

 

$

2,727

 

 

 

 

 

 

$

6,951

 

 

$

2,840