v3.26.3
Long-term Debt and Letters of Credit (Tables)
 9 Months Ended
Sep. 28, 2026
Debt Disclosure [Abstract]  
Long-term Debt

Long-term debt was as follows:

 

 

 

As of

 

 

 

September 28, 2026

 

 

December 29, 2025

 

 

 

Interest Rate

 

Principal
Outstanding

 

 

Interest Rate

 

Principal
Outstanding

 

 

 

(In thousands, except interest rates)

 

Senior Notes due March 2029

 

 

4.00

 

%

 

$

500,000

 

 

 

4.00

 

%

 

$

500,000

 

Senior Notes due October 2034

 

 

6.75

 

 

 

 

500,000

 

 

—

 

 

 

—

 

Term Loan due May 2030

 

 

5.65

 

 

 

 

399,000

 

 

 

5.97

 

 

 

 

342,169

 

RCF due May 2031

 

 

5.40

 

 

 

 

260,000

 

 

—

 

 

 

—

 

Asia ABL Revolving Loan due June 2028

 

 

—

 

 

 

 

—

 

 

 

5.02

 

 

 

 

80,000

 

Other

 

 

—

 

 

 

 

—

 

 

 

5.99

 

 

 

 

1,981

 

Total debt

 

 

 

 

 

 

1,659,000

 

 

 

 

 

 

 

924,150

 

Less: Unamortized debt issuance costs

 

 

 

 

 

 

(13,402

)

 

 

 

 

 

 

(5,617

)

Less: Unamortized debt discount

 

 

 

 

 

 

(1,726

)

 

 

 

 

 

 

(2,382

)

Subtotal

 

 

 

 

 

 

1,643,872

 

 

 

 

 

 

 

916,151

 

Less: Current maturities

 

 

 

 

 

 

(184,000

)

 

 

 

 

 

 

(3,815

)

Long-term debt, less current maturities

 

 

 

 

 

$

1,459,872

 

 

 

 

 

 

$

912,336

 
Debt Maturities

The fiscal calendar maturities of debt for the next five years and thereafter are as follows:

 

 

 

(In thousands)

 

Remaining 2026

 

$

181,000

 

2027

 

 

5,000

 

2028

 

 

3,000

 

2029

 

 

504,000

 

2030

 

 

386,000

 

Thereafter

 

 

580,000

 

Total

 

$

1,659,000

 
Schedule of Remaining Unamortized Debt Discount and Debt Issuance Costs

Remaining unamortized debt issuance costs and debt discount were as follows:

 

 

 

As of

 

 

September 28, 2026

 

December 29, 2025

 

 

Debt
Issuance Costs

 

 

Debt
Discount

 

 

Effective
Interest Rate

 

Debt
Issuance Costs

 

 

Debt
Discount

 

 

Effective
Interest Rate

 

 

(In thousands, except interest rates)

Senior Notes due March 2029

 

$

2,022

 

 

$

—

 

 

 

4.18

 

%

 

$

2,608

 

 

$

—

 

 

 

4.18

 

%

Senior Notes due October 2034

 

 

9,039

 

 

 

—

 

 

 

7.05

 

 

 

 

—

 

 

 

—

 

 

 

—

 

 

Term Loan due May 2030

 

 

2,341

 

 

 

1,726

 

 

 

5.68

 

 

 

 

3,009

 

 

 

2,382

 

 

 

8.01

 

 

Total

 

$

13,402

 

 

$

1,726

 

 

 

 

 

 

$

5,617

 

 

$

2,382