Long-Term Debt (Tables)

12 Months Ended

Dec. 25, 2019

Debt Disclosure [Abstract]

Schedule of long-term debt

Long-term debt consisted of the following:

	December 25, 2019		December 26, 2018
	(In thousands)
Revolving loans	$	240,000	$	286,500
Finance lease obligations	16,453		30,591
Total long-term debt	256,453		317,091
Less current maturities	1,674		3,410
Noncurrent portion of long-term debt	$	254,779	$	313,681

Schedule of interest rate swaps

A summary of our interest rate swaps as of December 25, 2019 is as follows:

Trade Date	Effective Date	Maturity Date	Notional Amount			Fixed Rate
			(In thousands)
March 20, 2015	March 29, 2018	March 31, 2025	$	120,000		2.44	%
October 1, 2015	March 29, 2018	March 31, 2026	$	50,000		2.46	%
February 15, 2018	March 31, 2020	December 31, 2033	$	80,000	(1)	3.19	%

(1)

The notional amount of the swaps entered into on February 15, 2018 increases annually beginning September 30, 2020 until they reach the maximum notional amount of $425.0 million on September 28, 2029.