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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present the Company’s fair value hierarchy for the Company’s financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2023 and January 1, 2023:

 

December 31, 2023

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Long-term debt

 

$

 

 

$

125,000

 

 

$

 

 

$

125,000

 

Total financial liabilities

 

$

 

 

$

125,000

 

 

$

 

 

$

125,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 1, 2023

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Long-term debt

 

$

 

 

$

250,000

 

 

$

 

 

$

250,000

 

Total financial liabilities

 

$

 

 

$

250,000

 

 

$

 

 

$

250,000