Debt (Tables)

12 Months Ended

Dec. 29, 2022

Debt Disclosure [Abstract]

Schedule of Long Term Debt

The following table summarizes the Company's long-term debt as of December 29, 2022 and December 30, 2021:

in thousands	Maturity Date	Interest Rate Per Annum at December 29, 2022 (1)		December 29, 2022		December 30, 2021
Credit Facilities:
Term Loan Facility	February 14, 2027	6.09%	Variable	$	204,499	$	206,602
Asset-based Loan Facility (“ABL”)	August 4, 2027	5.45%	Variable	210,200		—
Total secured debt at par value				414,699		206,602
Less: current maturities				2,103		2,103
Long-term debt maturities				412,596		204,499
Less: unamortized discount and debt issuance costs				7,045		8,737
Total long-term debt				$	405,551	$	195,762

(1)The applicable interest rate for the Term Loan Facility as presented herein does not include the effect of interest rate cap agreements.

Schedule of Maturities of Debt

The following table summarizes scheduled maturities of the Company’s debt as of December 29, 2022:

in thousands	Amount
2023	$	2,103
2024	2,103
2025	2,103
2026	2,629
2027	405,761
Total minimum debt payments	$	414,699

Schedule of Components of Interest Expense

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

	Fiscal Year Ended
in thousands	December 29, 2022		December 30, 2021		December 31, 2020
Total interest costs, net of interest income	$	14,942	$	7,657	$	9,606
Interest capitalized	3,804		2,733		1,217
Interest expense, net	$	11,138	$	4,924	$	8,389

Schedule of Fair Value of Debt

At December 29, 2022 and December 30, 2021, the fair values of the Company’s debt are as follows:

in thousands	Fair Value Hierarchy Classification	December 29, 2022		December 30, 2021
Term Loan Facility	Level 3	$	196,575	$	202,986
ABL Facility	Level 2	$	210,200	$	—
Total		$	406,775	$	202,986