v3.25.2
Long-Term Debt
 6 Months Ended
Jun. 28, 2025
Long-Term Debt [Abstract]  
Long-Term Debt
Note 5 – Long-Term Debt

Long-term debt consists of the following:

 
June 28, 2025
    
December 31, 2024
  
             
Credit facility
  
$
185,000
    
$
136,000
  
Convertible senior notes, due 2025
     -       41,911  
Convertible senior notes, due 2030
    
750,000
      
750,000
  
Deferred financing costs
    
(20,496
)
    
(22,892
)
     
914,504
      
905,019
  
Less current portion
    
-
      
-
  
   
$
914,504
    
$
905,019
  

The following table summarizes some key facts and terms regarding the outstanding convertible senior notes due 2030 as of June 28, 2025:

2030 Notes  
Issuance date
September 12, 2023
  
Maturity date
September 15, 2030
  
Principal amount as of June 28, 2025
 $

750,000
  
Cash coupon rate (per annum)
    
2.25
%
Conversion rate (per $1 principal amount)
    
33.1609
  
Effective conversion price (per share)
 $

30.16
  
130% of the current effective conversion price (per share)
 $

39.21
  

The convertible senior notes due 2025 matured on June 15, 2025.  Upon maturity, $41,911 aggregate principal amount of the convertible senior notes due 2025 were settled in cash, funded by borrowings on the revolving credit facility.  No shares were issued to settle the convertible senior notes due 2025.
Deferred financing costs are recognized as non-cash interest expense.  Non-cash interest expense was $1,195 and $2,418 for the fiscal quarter and six fiscal months ended June 28, 2025, respectively, and $1,213 and $2,426 for the fiscal quarter and six fiscal months ended June 29, 2024.