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Sales of Accounts Receivable
 6 Months Ended
Jun. 29, 2024
Receivables [Abstract]  
Sales of Accounts Receivable Sales of Accounts Receivable
We have entered several customer-sponsored programs administered by unrelated financial institutions that permit us to sell (factor) certain accounts receivable at discounted rates to the financial institutions. Transactions under these agreements were accounted for as sales of accounts receivable and the related accounts receivable were removed from our Condensed Consolidated Balance Sheets at the times of the sales transactions. Sales of accounts receivable under these agreements, and related factoring costs, which were included in selling, general and administrative expenses, were as follows:
Three Months EndedSix Months Ended
(in thousands)June 29, 2024July 1, 2023June 29, 2024July 1, 2023
Sales of accounts receivable$251,538 $241,937 $536,756 $479,677 
Factoring costs12,622 11,895 26,232 25,419