Derivative Instruments and Hedging Activities (Tables) - European Wax Center, Inc. and Subsidiaries

12 Months Ended

Dec. 25, 2021

Schedule of Interest Rate Derivatives

Our cash flow hedge position related to the interest rate cap derivative instrument is as follows:

	Balance Sheet Classification	December 25, 2021			December 26, 2020
Derivatives designated as hedging instruments:
Interest rate cap, current portion	Other current liabilities	$	(182	)	$	(181	)
Interest rate cap, non-current portion	Other long-term liabilities		(60	)		(346	)
Total derivative liabilities designated as hedging instruments		$	(242	)	$	(527	)

Schedule of Net Unrealized Gain Recognized in Other Comprehensive Income (“OCI”)

The table below presents the net unrealized gain (loss) recognized in other comprehensive income (loss) (“OCI”) resulting from fair value adjustments of hedging instruments:

	Net Unrealized Gain (Loss) Recognized in OCI
	Year Ended December 25, 2021		Year Ended December 26, 2020		Year Ended December 28, 2019
Derivatives designated as hedging instruments:
Interest rate cap	$	286	$	208	$	(405	)
Total	$	286	$	208	$	(405	)