Debt (Tables)

6 Months Ended

Jul. 01, 2021

Debt Disclosure [Abstract]

Schedule of Long Term Debt

The following table summarizes the Company’s long-term debt as of July 1, 2021 and December 31, 2020:

in thousands	Maturity Date	Interest Rate Per Annum at July 1, 2021		July 1, 2021		December 31, 2020
Credit Facilities:
Term Loan B	February 14, 2027	2.10%	Variable	$	207,127	$	143,179
Term Loan B-1	February 14, 2027	n/a	n/a	—		74,625
Spartan Revolving Line of Credit Facility	n/a	2.63%	Variable	3,366		—
Asset-based Loan Facility (“ABL”)	February 14, 2025	n/a	Variable	—		—
Total secured debt at par value				210,493		217,804
Less: current maturities				5,469		1,647
Long-term debt maturities				205,024		216,157
Less: unamortized discount and debt issuance costs				9,581		9,000
Total long-term debt				$	195,443	$	207,157
Total debt at fair value				$	205,056	$	215,626

Schedule of Maturities of Debt

The following table summarizes scheduled maturities of the Company’s debt, including current maturities, as of July 1, 2021:

in thousands	Amount
Twenty-six weeks ending December 30, 2021 (1)	$	4,417
2022	2,103
2023	2,103
2024	2,103
2025	2,103
Thereafter	197,664
Total minimum debt payments	$	210,493

(1) Twenty-six weeks ending December 30, 2021 maturities are comprised of $1,051 thousand due on the senior secured term loan facility and $3,366 thousand due on the Spartan revolving line of credit facility.

Schedule of Components of Interest Expense

Components of interest expense are as follows for the periods presented:

in thousands	July 1, 2021		June 25, 2020
Total interest costs	$	3,831	$	4,426
Interest capitalized	1,150		316
Interest expense, net	$	2,681	$	4,110