v3.25.2
Fair Value Measurement and Interest Rate Swaps (Tables)
 6 Months Ended
Jun. 29, 2025
Fair Value Disclosures and Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Swap Contracts
The following table provides additional details related to the swap contracts, which were terminated upon maturity:
Derivatives designated as hedging instrumentsInception DateAmended Effective DateMaturity DateNotional Amount
(in millions)		Fixed Interest RateType of Hedge
Interest rate swap 3December 17, 2018April 14, 2023January 14, 2024$34.0 2.73040 %Cash flow
Interest rate swap 7March 23, 2021March 31, 2023March 23, 2025$50.0 0.73300 %Cash flow
Interest rate swap 8March 23, 2021March 31, 2023March 23, 2025$90.0 0.74300 %Cash flow
Interest rate swap 9March 23, 2021March 31, 2023March 23, 2025$70.0 0.75424 %Cash flow
The following table summarizes the fair value of the derivative instruments and the respective lines in which they were recorded in the Consolidated Balance Sheets as of June 29, 2025 and December 29, 2024 (in millions):
Derivative Assets
June 29, 2025December 29, 2024
Derivatives designated as hedging instrumentsBalance Sheet LocationFair ValueBalance Sheet LocationFair Value
Interest rate contractsPrepaid expenses and other current assets$— Prepaid expenses and other current assets$1.7 
Total derivative assets$— $1.7 
Schedule of Pre-Tax Amounts of Derivatives Designated as Cash Flow Hedges in AOCI
The tables below provide details regarding pre-tax amounts in AOCI and gain (loss) reclassified into income for derivatives designated as cash flow hedges for the three and six months ended June 29, 2025 and June 30, 2024 (in millions):
Three Months Ended
Derivatives designated as cash flow hedgesJune 29, 2025June 30, 2024
Interest rate contracts
Gain recorded in Other comprehensive income$— $0.5 
Gain reclassified from AOCI into income(a)
$— $2.4 
______________
(a) Gain reclassified from AOCI into income is presented within Interest and other non-operating expense, net in the Consolidated Statements of Operations.

Six Months Ended
Derivatives designated as cash flow hedges
June 29, 2025June 30, 2024
Interest rate contracts
Gain Recorded in Other Comprehensive Income$0.1 $2.0 
Gain Reclassified from AOCI into Income(a)
$1.8 $4.9 
______________
(a) Gain reclassified from AOCI into income is presented within Interest and other non-operating expense, net in the Consolidated Statements of Operations.