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Debt (Tables)
12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of long-term debt, net
Long-term debt, net consists of the following (in thousands):
December 31,
2023
December 25,
2022
Senior notes$400,000 $400,000 
Revolving facilities364,000 205,000 
Outstanding debt764,000 605,000 
Unamortized debt issuance costs(6,578)(7,931)
Total long-term debt, net$757,422 $597,069 
Schedule of notional value of derivatives
As of December 31, 2023, we have the following interest rate swap agreements with a total notional value of $100.0 million:
Effective DatesFloating Rate Debt Fixed Rates
June 23, 2023 through June 30, 2025$50 million4.55 %
June 23, 2023 through June 30, 2025$50 million4.55 %
Schedule of location and amounts of derivatives
The following table provides information on the location and amounts of our swaps in the accompanying Consolidated Balance Sheets (in thousands):
Interest Rate Swap Derivatives
Balance Sheet LocationFair Value
December 31,
2023
Fair Value
December 25,
2022
Prepaid expenses and other current assets$107 $986 
Other long-term liabilities$483 $— 
Schedule of effect of derivative instruments financial statements
The effect of derivative instruments on the accompanying 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
Net Interest Expense
on Consolidated
Statements of
Operations
Interest rate swaps:
2023$1,125 Net interest expense$173 $(43,469)
2022$3,663 Net interest expense$(2,384)$(25,261)
2021$5,273 Net interest expense$(5,965)$(17,293)