v3.26.1
Debt
6 Months Ended
Jul. 04, 2026
Debt Disclosure [Abstract]  
Debt Debt
Our debt consists of the following:
In thousandsAs of
July 4, 2026
As of
January 3, 2026
Term Loan A, due June 13, 2028$231,000 $237,625 
Revolving Loans, due June 13, 2028 (aggregate principal amount $300 million)
— — 
Debt before unamortized discount and issuance costs231,000 237,625 
Unamortized discount and issuance costs - Term Loan A(910)(1,137)
Debt less debt discount and issuance costs230,090 236,488 
Less current maturities(13,250)(13,250)
Long-term debt - noncurrent portion216,840 223,238 
Finance lease obligations7,649 9,422 
Less current maturities(3,197)(3,333)
Long-term debt and finance lease obligations, less current portion, discount, and issuance costs$221,292 $229,327 
Scheduled annual maturities of debt are as follows:
Fiscal PeriodIn thousands
2026 - remainder of fiscal year$6,625 
202713,250 
2028211,125 
$231,000 
We were in compliance with all covenants related to our debt as of July 4, 2026.
2025 Notes
During fiscal year 2025, the Company fully repaid the 2.50% convertible senior notes due on May 15, 2025 (“2025` Notes”).
We recognized the following in Interest expense, net in the Condensed Consolidated Statements of Operations and Comprehensive Income, related to the 2025 Notes:
Three Months Ended
Six Months Ended
In thousandsJune 28, 2025June 28, 2025
Contractual interest expense $272 $802 
Amortization of issuance costs$66 $191