Long-Term Obligations (Tables)

6 Months Ended

Jun. 29, 2024

Debt Disclosure [Abstract]

Schedule of Long-Term Obligations

Long-term obligations consisted of the following as of June 29, 2024 and December 30, 2023, respectively (dollar amounts in thousands):

Instrument	Stated Maturity Date	Contractual Interest Rate	Interest Rate as of June 29, 2024	June 29, 2024			December 30, 2023
2021 Extended Term Loan (1)	07/2028	S + 3.75%	9.20%	$	895,150		$	899,750
Second Lien Term Loan (1)	12/2029	S + 7.00%	12.50%		415,000			415,000
Revolving Credit Facility (1)	04/2026	S + 3.75%	9.20%		-			-
Total principal amount of long-term obligations					1,310,150			1,314,750
Less: unamortized debt issuance costs					(27,008	)		(29,209	)
Total amount of long-term obligations, net of unamortized debt issuance costs					1,283,142			1,285,541
Less: current portion of long-term obligations					(9,200	)		(9,200	)
Total amount of long-term obligations, net of unamortized debt issuance costs, less current portion				$	1,273,942		$	1,276,341
(1) S = Greater of 0.50% or one-month SOFR, plus a credit spread adjustment