v3.26.1
Tangible Equity Units (Tables)
3 Months Ended
Apr. 03, 2026
Equity [Abstract]  
Schedule of Proceeds from Issuance Allocated to Equity and Debt Component

The proceeds from the issuance of the Units were allocated to equity and debt based on the relative fair value of the respective components each Unit as follows:

 

Equity Component

 

 

Debt Component

 

 

Total

 

Fair value per unit

$

41.26

 

 

$

8.74

 

 

$

50.00

 

 

 

 

 

 

 

 

 

 

Gross proceeds

 

521,939

 

 

 

110,561

 

 

 

632,500

 

Less: Issuance costs

 

16,011

 

 

 

3,455

 

 

 

19,466

 

Net proceeds

$

505,928

 

 

$

107,106

 

 

$

613,034

 

Schedule of Settlement Rate of Common Stock

Applicable Market Value

 

Common Stock Issued

Equal to or greater than $134.0842

 

0.3729 shares (minimum settlement rate)

Less than $134.0842 but greater than $107.26

 

$50 divided by applicable market value

Less than or equal to $107.26

 

0.4662 shares (maximum settlement rate)