XML 61 R44.htm IDEA: XBRL DOCUMENT v3.22.4
Derivatives (Tables)
12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments The following is a summary of the Company's interest rate swaps as of December 25, 2021:
TypeNotional AmountEffective DateFixed RateVariable Rate
Interest rate swap$5,796 (1)November 7, 2014 through November 7, 20244.500%1 Month LIBOR
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table summarizes the fair values of derivative instruments included in the Company's Consolidated Balance Sheets:
Location on Consolidated Balance SheetsFair Value
20222021
Liability Derivatives:
Derivatives designated as hedging instruments:
Interest rate swaps, current portionAccrued Expenses$ $110 
Interest rate swaps, long-term portionOther Long-Term Liabilities 100 
Total Liability Derivatives$ $210 
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The following tables summarize the pre-tax impact of derivative instruments on the Company's consolidated financial statements:
 Amount of Gain or (Loss) Recognized in AOCIL on the effective portion of the Derivative
 20222021
Derivatives designated as hedging instruments:  
Cash flow hedges - interest rate swaps$ $94 
 Amount of Gain or (Loss) Reclassified from AOCIL on the effective portion into Income (1)(2)
 20222021
Derivatives designated as hedging instruments:  
Cash flow hedges - interest rate swaps$(7)$135 
Amount of Gain or (Loss) Recognized on the Dedesignated Portion in Income on Derivative (3)
20222021
Derivatives dedesignated as hedging instruments:
Cash flow hedges - interest rate swaps$210 $511 

(1)The amount of gain (loss) reclassified from AOCIL is included in interest expense on the Company's Consolidated Statements of Operations.
(2)The amount of gain (loss) expected to be reclassified from AOCIL into earnings during the next 12 months subsequent to December 31, 2022 is $0.
(3)The amount of gain (loss) recognized in income on the dedesignated and terminated portions of interest rate swaps is included in interest expense on the Company's Consolidated Statements of Operations.