Line of Credit

6 Months Ended

Jun. 25, 2022

Debt Disclosure [Abstract]

Line of Credit

K. Line of Credit

In March 2018, the Company amended its credit facility in place that provides for a $150.0 million revolving line of credit to extend the scheduled expiration date to March 31, 2023. As of June 25, 2022, no borrowings were outstanding. The interest rate for the borrowings withdrawn was less than 1%. As of June 25, 2022, the Company was not in violation of any of its financial covenants to the lender under the credit facility and the unused balance of $150.0 million on the line of credit was available to the Company for future borrowing.