Debt and Other Obligations (Tables)

9 Months Ended

Oct. 05, 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 October 5, 2024 and December 30, 2023, respectively (amounts in thousands):

	October 5, 2024		December 30, 2023
Unsecured credit facility	$	—	$	—
2031 notes		495,284		494,723
2026 notes		398,859		398,421
Accounts receivable repurchase facility		160,000		155,000
		1,054,143		1,048,144
Less current maturities of long-term debt		—		—
Total long-term debt	$	1,054,143	$	1,048,144

Aggregate Maturities of Debt Outstanding

Aggregate maturities of debt outstanding as of October 5, 2024 are as follows (excluding unamortized debt discount and issuance costs) (amounts in thousands):

Remainder of 2024	$	—
2025		—
2026		560,000
2027		—
2028		—
2029 and thereafter		500,000
Total	$	1,060,000

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 October 5, 2024 (amounts in thousands):

			Debt Issuance Costs
	Face Value		and Debt Discount		Net Carrying Value
2031 notes	$	500,000	$	4,716	$	495,284
2026 notes		400,000		1,141		398,859
Total	$	900,000	$	5,857	$	894,143

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 forty weeks ended October 5, 2024:

	Amount (thousands)
High balance	$	195,000
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 forty weeks ended October 5, 2024:

	Amount (thousands)
Balance at December 30, 2023	$	155,000
Borrowings		205,000
Payments		(200,000	)
Balance at October 5, 2024	$	160,000

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 October 5, 2024:

	Amount (thousands)
Gross amount available	$	200,000
Outstanding		(160,000	)
Available for withdrawal	$	40,000

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 forty weeks ended October 5, 2024.

	Amount (thousands)
Balance at December 30, 2023	$	—
Borrowings		79,700
Payments		(79,700	)
Balance at October 5, 2024	$	—

Schedule of Net Amount Available Under Credit Facility

The table below presents the net amount available under the credit facility as of October 5, 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 forty weeks ended October 5, 2024:

	Amount (thousands)
High balance	$	30,000
Low balance	$	—