Debt (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Long Term Debt

The following table summarizes the Company’s long-term debt as of June 30, 2022 and December 30, 2021:

in thousands	Maturity Date	Interest Rate Per Annum at June 30, 2022		June 30, 2022		December 30, 2021
Credit Facilities:
Term Loan Facility	February 14, 2027	3.06%	Variable	$	205,025	$	206,602
Asset-based Loan Facility (“ABL”)	February 14, 2025	2.87%	Variable	68,600		—
Total secured debt at par value				273,625		206,602
Less: current maturities				1,577		2,103
Long-term debt maturities				272,048		204,499
Less: unamortized discount and debt issuance costs				7,891		8,737
Total long-term debt				$	264,157	$	195,762

The estimated fair values and classifications within the fair value hierarchy of the Term Loan Facility and ABL were as follows as of June 30, 2022 and December 30, 2021:

in thousands	Fair Value Hierarchy Classification	June 30, 2022		December 30, 2021
Term Loan Facility	Level 3	$	191,698	$	202,986
ABL Facility	Level 2	68,600		—
Total		$	260,298	$	202,986

Schedule of Maturities of Debt

The following table summarizes scheduled maturities of the Company’s debt as of June 30, 2022:

in thousands	Amount
Twenty-six weeks ending December 29, 2022	$	526
2023	2,103
2024	2,103
2025	70,703
2026	2,103
Thereafter	196,087
Total minimum debt payments	$	273,625

Schedule of Components of Interest Expense

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

	Thirteen Weeks Ended				Twenty-six Weeks Ended
in thousands	June 30, 2022		July 1, 2021		June 30, 2022		July 1, 2021
Total interest costs	$	2,650	$	1,862	$	4,525	$	3,831
Interest capitalized	978		569		1,691		1,150
Interest expense, net	$	1,672	$	1,293	$	2,834	$	2,681