Debt (Tables)

9 Months Ended

Sep. 24, 2023

Debt Disclosure [Abstract]

Schedule of long-term debt, net

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

	September 24, 2023		December 25, 2022
Senior notes	$	400,000	$	400,000
Revolving facilities (a)	390,789		205,000
Outstanding debt	$	790,789	$	605,000
Unamortized debt issuance costs	(6,790)		(7,931)
Current portion of long-term debt	(14,789)		—
Total long-term debt, net	$	769,210	$	597,069

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(a)    Revolving facilities as of September 24, 2023 includes $14.8 million outstanding under the PJMF Revolving Facility as defined and discussed below.

Schedule of notional value of derivatives

As of September 24, 2023, we have the following interest rate swap agreements:

Effective Dates	Floating Rate Debt		Fixed Rates
June 23, 2023 through June 30, 2025	$	50 million	4.55%
June 23, 2023 through June 30, 2025	$	50 million	4.55%

Schedule of location and amounts of derivatives in the financial statements

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

	Interest Rate Swap Derivatives
Balance Sheet Location	Fair Value September 24, 2023		Fair Value December 25, 2022
Other current assets	$	726	$	986
Other assets	$	59	$	—

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 24, 2023	$	801	Interest expense	$	203	$	(11,378)
September 25, 2022	$	901	Interest expense	$	(1,650)	$	(7,623)
Interest rate swaps for the nine months ended:
September 24, 2023	$	2,225	Interest Expense	$	(40)	$	(31,674)
September 25, 2022	$	3,664	Interest Expense	$	(1,850)	$	(17,967)