v3.25.2
Debt (Tables)
6 Months Ended
Jun. 28, 2025
Debt Disclosure [Abstract]  
Schedule of debt balances
The following is a summary of debt balances as of June 28, 2025 and December 31, 2024:
June 28, 2025December 31, 2024
(in thousands)
0% Convertible senior notes
$1,150,000 $1,150,000 
Delayed draw term loan40,000 $— 
Debt issuance costs-convertible senior notes(6,557)(8,524)
Debt issuance costs-delayed draw term loan(1,492)— 
Debt issuance costs-delayed draw term loan warrants7,983 — 
Total debt outstanding$1,189,934 $1,141,476 
Less: current portion of long-term debt— — 
Long-term debt$1,189,934 $1,141,476 
The following is a summary of the Company’s Notes as of June 28, 2025:
(in thousands)Principal AmountUnamortized Issuance CostsNet Carrying AmountFair Value
AmountLeveling
0% Convertible senior notes due on March 15, 2027
$1,150,000 $6,557 $1,143,443 $101,200 Level 2