v3.26.1
Long-term Debt and Letters of Credit (Tables)
6 Months Ended
Jun. 29, 2026
Debt Disclosure [Abstract]  
Long-term Debt

Long-term debt was as follows:

 

 

 

As of

 

 

 

June 29, 2026

 

 

December 29, 2025

 

 

 

Interest Rate

 

Principal
Outstanding

 

 

Interest Rate

 

Principal
Outstanding

 

 

 

(In thousands, except interest rates)

 

Senior Notes due March 2029

 

 

4.00

 

%

 

$

500,000

 

 

 

4.00

 

%

 

$

500,000

 

Term Loan due May 2030

 

 

5.40

 

 

 

 

400,000

 

 

 

5.97

 

 

 

 

342,169

 

RCF due May 2031

 

 

5.15

 

 

 

 

80,000

 

 

 

 

 

 

Asia ABL Revolving Loan due June 2028

 

 

 

 

 

 

 

 

 

5.02

 

 

 

 

80,000

 

Other

 

 

 

 

 

 

 

 

 

5.99

 

 

 

 

1,981

 

Total debt

 

 

 

 

 

 

980,000

 

 

 

 

 

 

 

924,150

 

Less: Unamortized debt issuance costs

 

 

 

 

 

 

(4,708

)

 

 

 

 

 

 

(5,617

)

Less: Unamortized debt discount

 

 

 

 

 

 

(1,836

)

 

 

 

 

 

 

(2,382

)

Subtotal

 

 

 

 

 

 

973,456

 

 

 

 

 

 

 

916,151

 

Less: Current maturities

 

 

 

 

 

 

(4,000

)

 

 

 

 

 

 

(3,815

)

Long-term debt, less current maturities

 

 

 

 

 

$

969,456

 

 

 

 

 

 

$

912,336

 

Debt Maturities

The fiscal calendar maturities of debt for the next five years are as follows:

 

 

 

(In thousands)

 

Remaining 2026

 

$

2,000

 

2027

 

 

5,000

 

2028

 

 

3,000

 

2029

 

 

504,000

 

2030

 

 

386,000

 

Thereafter

 

 

80,000

 

Total

 

$

980,000

 

Schedule of Remaining Unamortized Debt Discount and Debt Issuance Costs

Remaining unamortized debt issuance costs and debt discount were as follows:

 

 

 

As of

 

 

June 29, 2026

 

December 29, 2025

 

 

Debt
Issuance Costs

 

 

Debt
Discount

 

 

Effective
Interest Rate

 

Debt
Issuance Costs

 

 

Debt
Discount

 

 

Effective
Interest Rate

 

 

(In thousands, except interest rates)

Senior Notes due March 2029

 

$

2,219

 

 

$

 

 

 

4.18

 

%

 

$

2,608

 

 

$

 

 

 

4.18

 

%

Term Loan due May 2030

 

 

2,489

 

 

 

1,836

 

 

 

5.68

 

 

 

 

3,009

 

 

 

2,382

 

 

 

8.01

 

 

Total

 

$

4,708

 

 

$

1,836

 

 

 

 

 

 

$

5,617

 

 

$

2,382