XML 54 R42.htm IDEA: XBRL DOCUMENT v3.23.1
Notes Payable and Long-Term Debt (Details) - USD ($)
$ in Thousands
6 Months Ended
Apr. 20, 2023
Mar. 28, 2023
Dec. 27, 2022
Notes Payable and Long-Term Debt (Details) [Line Items]      
Interest rate   0.25%  
Description of interest at a variable rate   As of March 28, 2023, any borrowings under the Prior Cadence Credit Facility, as amended, bear interest at a variable rate based upon the Company’s election of (i) 2.5% plus the base rate, which is the highest of the (a) Federal Funds Rate plus 0.5%, (b) the Cadence bank publicly announced prime rate, and (c) LIBOR plus 1.0%, or (ii) LIBOR, with a 0.250% floor, plus 3.5%.  
Borrowings credit facility   7.60%  
Description of cadence credit facility   The Prior Cadence Credit Facility contained certain affirmative and negative covenants and events of default that the Company considers customary for an agreement of this type, including covenants setting a maximum leverage ratio of 5.15:1, a minimum pre-distribution fixed charge coverage ratio of 1.25:1, a minimum post-distribution fixed charge coverage ratio of 1.10:1 and minimum liquidity of $2.0 million. As of March 28, 2023, the Company was in compliance with all financial covenants under the Prior Cadence Credit Facility.  
Amortization   $ 9,000  
Percentage of aggregate principal amount 0.25%    
Percentage of commitment fee 0.25%    
Aggregate principal amount   $ 4,000  
Subsequent Event [Member]      
Notes Payable and Long-Term Debt (Details) [Line Items]      
Senior credit facility $ 8,000    
Cadence Credit Facility [Member]      
Notes Payable and Long-Term Debt (Details) [Line Items]      
Cadence agreed loan     $ 8,000,000
Maturity date   April 30, 2023  
Professional fees   $ 308,500