v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 28, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis
The table below presents the balances of assets and liabilities measured at fair value as of June 28, 2026, December 31, 2025, and June 29, 2025 on a recurring basis as well as the fair values of other financial instruments, including their locations within the unaudited consolidated balance sheets:
(In thousands)Balance Sheet LocationFair Value Hierarchy LevelJune 28, 2026December 31, 2025June 29, 2025
Carrying ValueFair ValueCarrying ValueFair ValueCarrying ValueFair Value
Assets (liabilities) measured on a recurring basis:
Short-term investmentsOther current assetsLevel 1$185 $185 $193 $193 $311 $311 
Other assets (liabilities):
Term debt
Long-Term Debt (1)
Level 2$(1,477,462)$(1,473,768)$(1,481,221)$(1,466,720)$(1,492,500)$(1,495,679)
2027 notes at 5.375%
Long-Term Debt (1)
Level 1— — $(500,000)$(497,650)$(500,000)$(500,000)
2027 notes at 5.500%
Long-Term Debt (1)
Level 2— — $(500,000)$(498,635)$(500,000)$(499,065)
2028 notes at 6.500%
Long-Term Debt (1)
Level 1$(300,000)$(300,375)$(300,000)$(293,907)$(300,000)$(304,677)
2029 notes at 5.250%
Long-Term Debt (1)
Level 1$(500,000)$(486,875)$(500,000)$(466,145)$(500,000)$(488,280)
2031 notes at 7.250%
Long-Term Debt (1)
Level 2$(800,000)$(795,000)$(800,000)$(769,000)$(800,000)$(821,624)
2032 notes at 6.625%
Long-Term Debt (1)
Level 2$(850,000)$(862,750)$(850,000)$(858,526)$(850,000)$(873,528)
2032 notes at 8.625%
Long-Term Debt (1)
Level 2$(1,000,000)$(1,030,000)— — — — 
(1)Carrying values of long-term debt balances are before reductions for (1) current maturities of long-term debt of $15.0 million as of June 28, 2026, December 31, 2025 and June 29, 2025; (2) debt issuance costs and original issue discount of $52.5 million, $43.3 million and $48.6 million as of June 28, 2026, December 31, 2025 and June 29, 2025, respectively; and (3) acquisition fair value layers of $22.0 million, $21.2 million and $21.9 million as of June 28, 2026, December 31, 2025 and June 29, 2025, respectively.