Long-term Debt, Net (Tables)

3 Months Ended

Mar. 27, 2022

Debt Disclosure [Abstract]

Schedule of long-term debt, net

Following is a summary of outstanding Long-term debt, net as of the periods indicated:

	MARCH 27, 2022				DECEMBER 26, 2021
(dollars in thousands)	OUTSTANDING BALANCE		INTEREST RATE		OUTSTANDING BALANCE		INTEREST RATE
Senior Secured Credit Facility:
Term loan A (1)	$	192,500	1.76	%	$	195,000	1.60	%
Revolving credit facility (2)	10,000		4.00	%	80,000		3.75	%
Total Senior Secured Credit Facility	202,500				275,000
2025 Notes	230,000		5.00	%	230,000		5.00	%
2029 Notes	300,000		5.13	%	300,000		5.13	%
Finance lease liabilities	3,380				2,376
Less: unamortized debt discount and issuance costs	(13,433)				(14,157)
Less: finance lease interest	(202)				(154)
Total debt, net	722,245				793,065
Less: current portion of long-term debt	(11,220)				(10,958)
Long-term debt, net	$	711,025			$	782,107

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(1)Interest rate represents the weighted average interest rate as of the respective periods.

(2)Interest rate represents the base rate option elected in anticipation of impending repayment.

Schedule of interest rate options

The interest rates are as follows:

	BASE RATE ELECTION	ADJUSTED TERM SOFR ELECTION
Revolving credit facility	50 to 150 basis points over the Base Rate	150 to 250 basis points over the Adjusted Term SOFR