XML 51 R31.htm IDEA: XBRL DOCUMENT v3.22.0.1
Debt (Tables)
12 Months Ended
Dec. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Long Term Debt
The following table summarizes the Company's long-term debt as of December 30, 2021 and December 31, 2020:
in thousandsMaturity DateInterest Rate Per Annum at December 30,
2021
December 30,
2021
December 31,
2020
Credit Facilities:
Term Loan BFebruary 14, 20272.09%Variable$206,602 $143,179 
Term Loan B-1February 14, 2027n/aVariable— 74,625 
Total secured debt at par value206,602 217,804 
Less: current maturities2,103 1,647 
Long-term debt maturities204,499 216,157 
Less: unamortized discount and debt issuance costs8,737 9,000 
Total long-term debt$195,762 $207,157 
n/a - not applicable
Schedule of Maturities of Debt
The following table summarizes scheduled maturities of the Company’s debt, including current maturities, as of December 30, 2021:
in thousandsAmount
2022$2,103 
20232,103 
20242,103 
20252,103 
20262,629 
Thereafter195,561 
Total minimum debt payments$206,602 
Schedule of Components of Interest Expense
Components of interest expense are as follows for the periods presented:
Fiscal Year Ended
in thousandsDecember 30,
2021
December 31,
2020
December 26,
2019
Total interest costs, net of interest income$7,657 $9,606 $8,801 
Interest capitalized$2,733 $1,217 $— 
Interest expense, net$4,924 $8,389 $8,801 
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments At December 30, 2021 and December 31, 2020, the fair values of the Company’s debt are as follows:
in thousands
December 30,
2021
December 31,
2020
Total debt at par value
$206,602 $217,804 
Less: unamortized discount and debt issuance costs
8,737 9,000 
Net carrying amount
197,865 208,804 
Fair value
$202,986 $215,626