Debt (Tables)

3 Months Ended

Mar. 27, 2022

Debt

Schedule of long-term debt, net

Long-term debt, net, consists of the following (in thousands):

		March 27,		December 26,
		2022		2021
Senior notes	$	400,000	$	400,000
Revolving facilities		137,000		90,000
Outstanding debt	$	537,000	$	490,000
Unamortized debt issuance costs		(8,912)		(9,270)
Total long-term debt, net	$	528,088	$	480,730

Schedule of Interest Rate Swap Agreements

Effective Dates	Floating Rate Debt			Fixed Rates
April 30, 2018 through April 30, 2023	$	55	million	2.33	%
April 30, 2018 through April 30, 2023	$	35	million	2.36	%
April 30, 2018 through April 30, 2023	$	35	million	2.34	%
January 30, 2018 through August 30, 2022	$	100	million	1.99	%
January 30, 2018 through August 30, 2022	$	75	million	1.99	%
January 30, 2018 through August 30, 2022	$	50	million	2.00	%

Schedule of Location and Amounts of Swaps in the Accompanying Consolidated Financial Statements

The following table provides information on the location and amounts of our swaps in the accompanying condensed consolidated financial statements (in thousands):

	Interest Rate Swap Derivatives
	Fair Value		Fair Value
	March 27,		December 26,
Balance Sheet Location	2022		2021
Other current and long-term liabilities	$	1,528	$	5,536

Schedule of Effect of Derivative Instruments on the Accompanying Consolidated Financial Statements

The effect of derivative instruments on the accompanying condensed consolidated financial statements is as follows (in thousands):

			Location of (Loss)		Amount of (Loss)
Derivatives -	Amount of Gain or		or Gain		or Gain		Total Net Interest Expense
Cash Flow	(Loss) Recognized		Reclassified from		Reclassified from		on Condensed
Hedging	in AOCL		AOCL into		AOCL into		Consolidated Statements
Relationships	on Derivative		Income		Income		of Operations
Interest rate swaps for the three months ended:
March 27, 2022	$	1,318		Interest expense	$	535	$	(4,264)
March 28, 2021	$	1,382		Interest expense	$	(1,709)	$	(3,647)