Quarterly report [Sections 13 or 15(d)]

Fair Value

v3.25.1
Fair Value
3 Months Ended
Mar. 29, 2025
Fair Value Disclosures [Abstract]  
Fair Value Fair Value
There were no financial assets or liabilities carried at fair value measured on a recurring basis on March 29, 2025 or December 31, 2024.
There were no non-recurring fair value measurements performed in the three months ended March 29, 2025 and March 30, 2024.
Due to their short-term nature, the carrying value of cash and equivalents, accounts receivable, and accounts payable approximate fair value. The carrying value of the Company’s variable rate long-term debt instruments also approximates fair value due to the variable rate feature of these instruments. Refer to Note 7, Long-term Debt and Notes Payable, for additional information relating to the fair value of the Company’s outstanding fixed-rate Convertible Notes.