Debt and Other Obligations (Tables)

4 Months Ended

Apr. 22, 2023

Long Term Debt (Net of Issuance Costs and Debt Discounts Excluding Line-of-credit Arrangements)

Long-term debt (net of issuance costs and debt discounts excluding line-of-credit arrangements) (leases are separately discussed in Note 5, Leases) consisted of the following at April 22, 2023 and December 31, 2022, respectively (amounts in thousands):

	April 22, 2023		December 31, 2022
Unsecured credit facility	$	111,000	$	—
2031 notes		494,218		493,994
2026 notes		398,024		397,848
Accounts receivable repurchase facility		60,000		—
Accounts receivable securitization facility		—		—
		1,063,242		891,842
Less current maturities of long-term debt		—		—
Total long-term debt	$	1,063,242	$	891,842

Aggregate Maturities of Debt Outstanding

Aggregate maturities of debt outstanding as of April 22, 2023 are as follows (excluding unamortized debt discount and issuance costs) (amounts in thousands):

Remainder of 2023	$	—
2024		—
2025		60,000
2026		511,000
2027		—
2028 and thereafter		500,000
Total	$	1,071,000

Reconciliation of Debt Issuance Costs and Debt Discounts to the Net Carrying Value for Each Debt Obligation (Excluding Line of Credit Arrangements)

The table below reconciles the debt issuance costs and debt discounts to the net carrying value of each of our debt obligations (excluding line-of-credit arrangements) at April 22, 2023 (amounts in thousands):

			Debt Issuance Costs
	Face Value		and Debt Discount		Net Carrying Value
2031 notes	$	500,000	$	5,782	$	494,218
2026 notes		400,000		1,976		398,024
Total	$	900,000	$	7,758	$	892,242

The table below reconciles the debt issuance costs and debt discounts to the net carrying value of each of our debt obligations (excluding line-of-credit arrangements) at December 31, 2022 (amounts in thousands):

			Debt Issuance Costs
	Face Value		and Debt Discount		Net Carrying Value
2031 notes	$	500,000	$	6,006	$	493,994
2026 notes		400,000		2,152		397,848
Total	$	900,000	$	8,158	$	891,842

Schedule of Highest and Lowest Outstanding Balance Under Credit Facility

The table below presents the highest and lowest outstanding balance under the repurchase facility during the sixteen weeks ended April 22, 2023:

	Amount (thousands)
High balance	$	60,000
Low balance	$	—

Accounts Receivable Repurchase Facility

Schedule of Borrowings and Repayments Under Credit Facility

The table below presents the borrowings and repayments under the repurchase facility during the sixteen weeks ended April 22, 2023:

	Amount (thousands)
Balance at December 31, 2022	$	—
Borrowings		60,000
Payments		—
Balance at April 22, 2023	$	60,000

Schedule of Net Amount Available Under Credit Facility

The table below presents the net amount available for working capital and general corporate purposes under the repurchases facility as of April 23, 2022:

	Amount (thousands)
Gross amount available	$	200,000
Outstanding		(60,000	)
Available for withdrawal	$	140,000

Accounts Receivable Securitization Facility

Schedule of Borrowings and Repayments Under Credit Facility

The table below presents the borrowings and repayments under the securitization facility during the sixteen weeks ended April 22, 2023:

	Amount (thousands)
Balance at December 31, 2022	$	—
Borrowings		28,000
Payments		(28,000	)
Balance at April 22, 2023	$	—

The table below presents the highest and lowest outstanding balance under the securitization facility during the sixteen weeks ended April 22, 2023:

	Amount (thousands)
High balance	$	28,000
Low balance	$	—

Unsecured Credit Facility

Schedule of Borrowings and Repayments Under Credit Facility

The table below presents the borrowings and repayments under the credit facility during the sixteen weeks ended April 22, 2023.

	Amount (thousands)
Balance at December 31, 2022	$	—
Borrowings		399,900
Payments		(288,900	)
Balance at April 22, 2023	$	111,000

Schedule of Net Amount Available Under Credit Facility

The table below presents the net amount available under the credit facility as of April 22, 2023:

	Amount (thousands)
Gross amount available	$	500,000
Outstanding		(111,000	)
Letters of credit		(8,400	)
Available for withdrawal	$	380,600

The table below presents the highest and lowest outstanding balance under the credit facility during the sixteen weeks ended April 22, 2023:

	Amount (thousands)
High balance	$	174,000
Low balance	$	—