Debt (Tables)

9 Months Ended

Sep. 25, 2022

Debt Disclosure [Abstract]

Schedule of long-term debt, net

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

	September 25, 2022		December 26, 2021
Senior notes	$	400,000	$	400,000
Revolving facilities	157,000		90,000
Outstanding debt	$	557,000	$	490,000
Unamortized debt issuance costs	(8,247)		(9,270)
Total long-term debt, net	$	548,753	$	480,730

Schedule of notional value of derivatives

As of September 25, 2022, we have the following interest rate swap agreements with a total notional value of $125.0 million:

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%

Schedule of location and amounts of derivatives in the 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
Balance Sheet Location	Fair Value September 25, 2022		Fair Value December 26, 2021
Other current assets	$	1,355	$	—
Other current and long-term liabilities	$	—	$	5,536

Schedule of effect of derivatives on the financial statements

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

Derivatives - Cash Flow Hedging Relationships	Amount of Gain or (Loss) Recognized in AOCL on Derivative		Location of (Loss) or Gain Reclassified from AOCL into Income	Amount of (Loss) or Gain Reclassified from AOCL into Income	Total Net Interest Expense on Condensed Consolidated Statements of Operations
Interest rate swaps for the three months ended:
September 25, 2022	$	901	Interest expense	(1,650)	$	(7,623)
September 26, 2021	$	1,182	Interest expense	(1,644)	$	(3,979)
Interest rate swaps for the nine months ended:
September 25, 2022	$	3,664	Interest Expense	(1,850)	$	(17,967)
September 26, 2021	$	3,963	Interest Expense	(5,084)	$	(11,275)