XML 40 R18.htm IDEA: XBRL DOCUMENT v3.22.0.1
BANK CREDIT ARRANGEMENTS
12 Months Ended
Dec. 25, 2021
BANK CREDIT ARRANGEMENTS  
BANK CREDIT ARRANGEMENTS BANK CREDIT ARRANGEMENTSThe Company maintains various lines of credit for short-term borrowings totaling $137,818 available at December 25, 2021. As of December 25, 2021 and December 26, 2020, $13,439 and $35,147 was outstanding and recorded as notes payable to banks in the Consolidated Balance Sheets, respectively. The interest rates charged on these lines of credit vary in relation to the banks’ costs of funds. The weighted average interest rate on short-term borrowings was 6.31% at December 25, 2021. The unused and available borrowings under the lines of credit were $124,379 at December 25, 2021. The lines of credit can be modified at any time at the option of the banks. The Company pays no fees in connection with unused lines of credit.