Debt and Other Obligations (Tables)

4 Months Ended

Apr. 20, 2024

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 20, 2024 and December 30, 2023, respectively (amounts in thousands):

	April 20, 2024		December 30, 2023
Unsecured credit facility	$	—	$	—
2031 notes		494,947		494,723
2026 notes		398,596		398,421
Accounts receivable repurchase facility		150,000		155,000
		1,043,543		1,048,144
Less current maturities of long-term debt		—		—
Total long-term debt	$	1,043,543	$	1,048,144

Aggregate Maturities of Debt Outstanding

Aggregate maturities of debt outstanding as of April 20, 2024 are as follows (excluding unamortized debt discount and issuance costs) (amounts in thousands):

Remainder of 2024	$	—
2025		—
2026		550,000
2027		—
2028		—
2029 and thereafter		500,000
Total	$	1,050,000

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 20, 2024 (amounts in thousands):

			Debt Issuance Costs
	Face Value		and Debt Discount		Net Carrying Value
2031 notes	$	500,000	$	5,053	$	494,947
2026 notes		400,000		1,404		398,596
Total	$	900,000	$	6,457	$	893,543

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 30, 2023 (amounts in thousands):

			Debt Issuance Costs
	Face Value		and Debt Discount		Net Carrying Value
2031 notes	$	500,000	$	5,277	$	494,723
2026 notes		400,000		1,579		398,421
Total	$	900,000	$	6,856	$	893,144

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 20, 2024:

	Amount (thousands)
High balance	$	175,000
Low balance	$	105,000

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 20, 2024:

	Amount (thousands)
Balance at December 30, 2023	$	155,000
Borrowings		80,000
Payments		(85,000	)
Balance at April 20, 2024	$	150,000

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 20, 2024:

	Amount (thousands)
Gross amount available	$	200,000
Outstanding		(150,000	)
Available for withdrawal	$	50,000

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 20, 2024.

	Amount (thousands)
Balance at December 30, 2023	$	—
Borrowings		37,500
Payments		(37,500	)
Balance at April 20, 2024	$	—

Schedule of Net Amount Available Under Credit Facility

The table below presents the net amount available under the credit facility as of April 20, 2024:

	Amount (thousands)
Gross amount available	$	500,000
Outstanding		—
Letters of credit		(8,400	)
Available for withdrawal	$	491,600

The table below presents the highest and lowest outstanding balance under the credit facility during the sixteen weeks ended April 20, 2024:

	Amount (thousands)
High balance	$	17,500
Low balance	$	—