Long-Term Debt (Tables)

9 Months Ended

Oct. 01, 2022

Long-Term Debt [Abstract]

Long-term Debt Instruments

Long-term debt consists of the following:

	October 1, 2022			December 31, 2021
Credit facility	$	-		$	-
Convertible senior notes, due 2025		465,344			465,344
Deferred financing costs		(7,224	)		(9,678	)
		458,120			455,666
Less current portion		-			-
	$	458,120		$	455,666

Key Facts and Terms of the Convertible Debt Instruments

The following table summarizes some key facts and terms regarding the outstanding convertible senior notes due 2025 as of October 1, 2022:

	Convertible Senior Notes Due 2025
Issuance date	June 12, 2018
Maturity date	June 15, 2025
Principal amount as of October 1, 2022	$	465,344
Cash coupon rate (per annum)		2.25	%
Nonconvertible debt borrowing rate at issuance (per annum)		5.50	%
Conversion rate effective September 8, 2022 (per $1 principal amount)		32.0259
Effective conversion price effective September 8, 2022 (per share)	$	31.22
130% of the current effective conversion price (per share)	$	40.59