v3.26.1
Borrowings (Tables)
 6 Months Ended
Jul. 05, 2026
Debt Disclosure [Abstract]  
Schedule of Components of Long-Term Debt, Net
Our long-term debt, net consists of the following (in thousands).
Annual Interest RateMaturity DateAs of July 5,
2026		As of December 28,
2025
2028 Convertible Senior Notes3.00 %May 1, 2028$172,500 $172,500 
2030 Convertible Senior Notes4.75 %September 15, 2030360,000 360,000 
Long-term loans
Floating rate3.40 %June 30, 2027108 173 
Floating rate3.40 %June 30, 2028216 287 
Total Convertible Senior Notes and other borrowings532,824 532,960 
Less: unamortized debt issuance costs(11,614)(13,459)
Long-term debt521,210 519,501 
Current portion of long-term debt(216)(230)
Long-term debt, net$520,994 $519,271 
Schedule of Interest Expense Related to Convertible Notes
The following table summarizes the interest expenses related to the convertible senior notes and loans, which are recorded within interest expense in the Condensed Consolidated Statements of Operations (in thousands).
Fiscal Quarters EndedFiscal Years-to-Date Ended
July 5,
2026		June 29,
2025		July 5, 2026June 29, 2025
Coupon interest$5,509 $1,294 $11,442 $2,588 
Amortization of debt issuance costs890 283 1,844 563 
Total interest expense on Convertible Senior Notes6,399 1,577 13,286 3,151 
Loan interest122 128 243 270 
Total interest expenses related to Convertible Senior Notes and loans$6,521 $1,705 $13,529 $3,421 
Schedule of Maturities of Long-Term Debt
The following table summarizes our long-term debt maturities, based on outstanding principal by years (in thousands).
Debt Maturity
2026 (remaining six months)$108 
2027162 
2028172,554 
2029— 
2030360,000 
Total gross amount of long-term debt$532,824