v3.26.1
Fair Value Measures and Disclosures (Tables)
3 Months Ended
Apr. 05, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring
The following table presents the carrying values and estimated fair values, including the level within the fair value hierarchy, of certain financial instruments:

April 5, 2026December 28, 2025
Carrying ValueFair Value (Level 1)Fair Value (Level 2)Carrying ValueFair Value (Level 1)Fair Value (Level 2)
(in thousands)
Assets:
Company-owned life insurance$23,091 $— $23,091 $23,048 $— $23,048 
Deferred compensation investments32,193 8,159 24,034 33,728 8,941 24,787 
 
Liabilities(1):
Borrowings under Syndicated Credit Facility(2)
196,676 — 196,676 181,779 — 181,779 

(1) Carrying values are presented gross, excluding the impact of unamortized debt issuance costs and including amounts presented as current liabilities on the consolidated condensed balance sheets.
(2) The carrying value of borrowings under the Facility approximates fair value as the Facility bears variable interest rates that are similar to existing market rates. The fair value of borrowings under the Facility is estimated using observable market rates.