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Derivatives and Risk Management (Tables)
12 Months Ended
Dec. 28, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Position
Derivative Position as of December 28, 2023:
in thousandsNotional BalanceFinal Maturity
Date
Other Current AssetsOther
Assets
AOCI, Net
of Tax
Designated as cash flow hedges:
Interest rate cap
$75,000 U.S. dollarsApril 2024$909 $— $(711)
Interest rate cap
$75,000 U.S. dollarsApril 2024$910 $— $(711)
Derivative Position as of December 29, 2022:
in thousandsNotional BalanceFinal Maturity
Date
Other Current AssetsOther
Assets
AOCI, Net
of Tax
Designated as cash flow hedges:
Interest rate cap$75,000 U.S. dollarsApril 2024$2,275 $654 $(2,166)
Interest rate cap$75,000 U.S. dollarsApril 2024$2,278 $656 $(2,171)
Schedule of Gains Related to Our Designated Hedge Contracts
Gains related to designated hedge contracts are as follows:
Effective Portion Reclassified
From AOCI to Earnings
Effective Portion Recognized in
Other Comprehensive Income
Fiscal Year EndedFiscal Year Ended
in thousands
December 28,
2023
December 29,
2022
December 30,
2021
December 28,
2023
December 29,
2022
December 30,
2021
Interest rate caps (cash flow hedges)$5,069 $914 $— $2,154 $4,716 $371