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Fair Value of Financial Instruments (Tables)
 6 Months Ended
Jul. 13, 2024
Fair Value Disclosures [Abstract]  
Interest Income Primarily Related to IDPs Notes Receivable

Interest income was primarily related to the IDPs’ notes receivable and was as follows (amounts in thousands):

 

 

 

Interest
Income

 

For the twelve weeks ended July 13, 2024

 

$

4,070

 

For the twelve weeks ended July 15, 2023

 

$

4,758

 

For the twenty-eight weeks ended July 13, 2024

 

$

9,760

 

For the twenty-eight weeks ended July 15, 2023

 

$

11,709

 
Carrying Value of Distributor Notes Receivable

At July 13, 2024 and December 30, 2023, respectively, the carrying value of the distributor notes receivable was as follows (amounts in thousands):

 

 

 

July 13, 2024

 

 

December 30, 2023

 

Distributor notes receivable

 

$

128,224

 

 

$

133,335

 

Less: current portion of distributor notes receivable recorded in
   accounts and notes receivable, net

 

 

(14,995

)

 

 

(9,764

)

Long-term portion of distributor notes receivable

 

$

113,229

 

 

$

123,571

 
Schedule of Fair Value of Notes The fair value of the 2031 notes and 2026 notes are presented in the table below (amounts in thousands, except level classification):

 

 

 

Carrying Value

 

 

Fair Value

 

 

Level

2031 notes

 

$

495,116

 

 

$

422,617

 

 

2

2026 notes

 

$

398,728

 

 

$

386,654

 

 

2