v3.26.3
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 26, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Debt and the Investment in Debt Securities
The carrying value and estimated fair value of debt and the investment in debt securities are summarized as follows (in thousands):
Fair Value
Hierarchy
September 26, 2026December 27, 2025
Carrying
Value
Fair Value
Carrying
Value
Fair Value
Securitized Financing Facility:
2020-1 Class A-2 Senior Secured Notes (1)
Level 2$472,800 $458,323 $472,800 $456,961 
2022-1 Class A-2 Senior Secured Notes (1)
Level 2$248,125 $234,711 $248,125 $240,061 
2024-1 Class A-2 Senior Secured Notes (1)
Level 2$500,000 $489,690 $500,000 $514,500 
Investment in preference shares of LPH (2)
Level 3$91,528 $100,079 $85,597 $87,482 
(1) The fair values of the 2020-1, 2022-1, and 2024-1 Class A-2 Senior Secured Notes were estimated using available market information.
(2) The fair value approximates discounted cash flows using current market rates for debt investments with similar maturities and credit risk. The preference shares are accounted for as held-to-maturity debt securities at amortized cost. Refer to Note 9 for additional information regarding the Company’s investments.