v3.26.1
Fair Value
 3 Months Ended
Apr. 04, 2026
Fair Value Disclosures [Abstract]  
Fair Value Fair Value
As of April 4, 2026 and January 3, 2026, the Company had no assets or liabilities for which the carrying value is remeasured to fair value at the end of each reporting period. The Company has not elected the fair value reporting option for any of its financial instruments.

Fair Value Disclosures

The fair value of cash, cash equivalents, accounts receivable, accounts payable and accrued liabilities, to the extent the underlying liability will be settled in cash, approximates the carrying values because of the short-term nature of these instruments.

Debt

The estimated fair value of the Company’s $300 million 2029 Notes was determined based on Level 2 input using observable market prices in less active markets, as presented below:
As of
April 4, 2026January 3, 2026
Carrying Value(1)
Fair Value
Carrying Value(1)
Fair Value
 (In thousands)
2029 Notes$296,874 $289,860 $296,660 $295,594 
(1) The $300 million obligation for the 2029 Notes is presented on the Company’s consolidated balance sheets net of unamortized debt issuance costs and discount totaling $3.1 million and $3.3 million as of April 4, 2026 and January 3, 2026, respectively. Periodic amortization of the issuance costs and discount each reporting period causes the carrying value of the 2029 Notes to gradually increase to the $300 million maturity amount scheduled for November 15, 2029. See Note 6, Debt and Finance Lease Obligations, to these unaudited condensed consolidated financial statements.
There were no borrowings outstanding under the Company’s revolving credit facilities during the fiscal three months ended April 4, 2026 or during fiscal year 2025.