v3.26.1
Long-Term Obligations
 6 Months Ended
Jul. 04, 2026
Debt Disclosure [Abstract]  
Long-Term Obligations Long-Term Obligations
Long-term obligations are as follows:
July 4,
2026		January 3,
2026
(In thousands)
Revolving Credit Facility, due 2030
$502,452 $366,707 
Senior Promissory Notes, due 2026 to 2028
4,990 4,990 
Finance Leases, due 2026 to 20302,393 1,781 
Other Borrowings, due 2026 to 2031
797 1,023 
Total510,632 374,501 
Less: Current Maturities of Long-Term Obligations
(3,176)(3,129)
Long-Term Obligations$507,456 $371,372 

See Note 8, Fair Value Measurements and Fair Value of Financial Instruments, for the fair value information related to the Company's long-term obligations.
Revolving Credit Facility
The Company's unsecured multi-currency revolving credit facility dated as of March 1, 2017 (as amended and restated to date, the Credit Agreement) matures on September 26, 2030 and has a borrowing capacity of $750,000,000, in addition to an uncommitted, unsecured incremental borrowing facility of $200,000,000.
During the second quarter of 2026, the Company borrowed approximately $181,815,000 of euro-denominated debt under the Credit Agreement to finance the acquisition of Kadant Profil. As of July 4, 2026, the outstanding balance under the Credit Agreement was $502,452,000, which included $245,452,000 of euro-denominated borrowings. The Company had $248,668,000 of committed borrowing capacity available as of July 4, 2026, which was primarily calculated by translating its foreign-denominated borrowings using the administrative agent's borrowing date foreign exchange rates, in addition to the $200,000,000 uncommitted, unsecured incremental borrowing facility.
The weighted average interest rate for the outstanding balance under the Credit Agreement was 4.19% as of July 4, 2026 and 4.49% as of January 3, 2026.

Debt Compliance
As of July 4, 2026, the Company was in compliance with the covenants related to its debt obligations.