Quarterly report pursuant to Section 13 or 15(d)

Borrowings (Tables)

v3.23.3
Borrowings (Tables)
 9 Months Ended
Oct. 01, 2023
Debt Disclosure [Abstract]  
Schedule of Components of Long-Term Debt, Net
The Company’s long-term debt, net consists of the following (in thousands).
Annual Interest Rate Maturity Date As of October 1, 2023
Convertible Senior Notes 3.0  % May 1, 2028 $ 172,500 
Less: unamortized debt issuance costs (5,420)
Long-term debt, net $ 167,080 
Summary of Interest Expense Related to Convertible Notes
The following table summarizes the interest expenses related to Convertible Senior Notes, which are recorded within Interest expense in the Condensed Consolidated Statements of Operations (in thousands).
October 1, 2023
Quarter Ended Fiscal Year-to-Date Ended
Coupon interest $ 1,283  $ 2,326 
Amortization of debt issuance costs 275  497 
Total interest expense on Convertible Senior Notes $ 1,558  $ 2,823