Long-Term Debt (Tables)

3 Months Ended

Apr. 01, 2023

Long-Term Debt [Abstract]

Long-term Debt Instruments

Long-term debt consists of the following:

	April 1, 2023			December 31, 2022
Credit facility	$	107,000		$	42,000
Convertible senior notes, due 2025		465,344			465,344
Deferred financing costs		(5,589	)		(6,407	)
		566,755			500,937
Less current portion		-			-
	$	566,755		$	500,937

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 April 1, 2023:

	Convertible Senior Notes Due 2025
Issuance date	June 12, 2018
Maturity date	June 15, 2025
Principal amount as of April 1, 2023	$	465,344
Cash coupon rate (per annum)		2.25	%
Nonconvertible debt borrowing rate at issuance (per annum)		5.50	%
Conversion rate effective March 16, 2023 (per $1 principal amount)		32.0705
Effective conversion price effective March 16, 2023 (per share)	$	31.18
130% of the current effective conversion price (per share)	$	40.53