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Fair Value Measurements (Tables)
12 Months Ended
Dec. 30, 2023
Fair Value Measurements  
Summary of carrying values and fair values of our revolving credit loans, term loans and senior notes

The carrying values and fair values of our revolving credit loans, term loans and senior notes as of December 30, 2023 and December 31, 2022 were as follows (in thousands):

December 30, 2023

December 31, 2022

 

    

Carrying Value

      

Fair Value

      

Carrying Value

      

Fair Value

 

Revolving credit loans

$

170,000

$

170,000

(1)  

$

282,500

$

282,500

(1)  

Tranche B term loans due 2026

527,443

(2)  

522,169

(3)  

668,532

(2)  

636,777

(3)  

5.25% senior notes due 2025

265,592

(4) 

261,608

(3)  

901,213

(4) 

790,625

(3)  

5.25% senior notes due 2027

550,000

497,750

(3)  

550,000

420,558

(3)  

8.00% senior secured notes due 2028

$

547,372

(5) 

$

572,688

(3)  

$

$

(1)Fair values are estimated based on Level 2 inputs, which were quoted prices for identical or similar instruments in markets that are not active.
(2)The carrying value of the tranche B term loans includes a discount. At December 30, 2023 and December 31, 2022, the face amount of the tranche B term loans was $528.6 million and $671.6 million, respectively.
(3)Fair values are estimated based on quoted market prices.
(4)The carrying value of the 5.25% senior notes due 2025 includes a premium. At December 30, 2023 and December 31, 2022, the face amount of the 5.25% senior notes due 2025 was $265.4 million and $900.0 million, respectively.
(5)The carrying value of 8.00% senior secured notes due 2028 includes a discount. At December 30, 2023, the face amount of the 8.00% senior secured notes due 2028 was $550.0 million.