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Derivatives and Risk Management (Tables)
12 Months Ended
Dec. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Position
Derivative Position as of December 30, 2021:
in thousands
Notional Balance
Final Maturity
Date
Other
Assets
AOCI, Net
of Tax
Designated as hedges:
Interest rate cap (cash flow hedge)$75,000 U.S. dollarsApril 2024$262 $(106)
Interest rate cap (cash flow hedge)$75,000 U.S. dollarsApril 2024$262 $(108)
Interest rate cap (cash flow hedge)$102,500 U.S. dollarsDecember 2021$— $(272)
Not designated as hedges:
Interest rate cap$102,500 U.S. dollarsDecember 2021$— $(49)
Derivative Position as of December 31, 2020:
in thousands
Notional Balance
Final Maturity
Date
Other
Assets
AOCI, Net
of Tax
Designated as hedges:
Interest rate cap (cash flow hedge)$102,500 U.S. dollarsDecember 2021$— $(89)
Not designated as hedges:
Interest rate cap$102,500 U.S. dollarsDecember 2021$— $(75)
Schedule of Gains (Losses) Related to Our Designated Hedge Contracts
Gains (losses) related to designated hedge contracts are as follows:
Effective Portion Recognized in
Other Comprehensive Income (Loss)
Fiscal Year Ended
in thousandsDecember 30,
2021
December 31,
2020
December 26,
2019
Interest rate cap (cash flow hedge)$371 $357 $(379)