Debt and Other Obligations (Tables)

4 Months Ended

Apr. 19, 2025

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 6, Leases) consisted of the following at April 19, 2025 and December 28, 2024, respectively (amounts in thousands):

	April 19, 2025		December 28, 2024
Unsecured previous credit facility	$	—	$	2,200
Unsecured new credit facility		1,700		—
2031 notes		495,676		495,452
2026 notes		399,170		398,992
2035 notes		494,375		—
2055 notes		294,458		—
Accounts receivable repurchase facility		105,000		125,000
		1,790,379		1,021,644
Less current maturities of long-term debt		—		—
Total long-term debt	$	1,790,379	$	1,021,644

Aggregate Maturities of Debt Outstanding

Aggregate maturities of debt outstanding as of April 19, 2025 are as follows (excluding unamortized debt discount and issuance costs) (amounts in thousands):

Remainder of 2025	$	—
2026		400,000
2027		105,000
2028		—
2029		—
2030 and thereafter		1,301,700
Total	$	1,806,700

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 19, 2025 (amounts in thousands):

			Debt Issuance Costs
	Face Value		and Debt Discount		Net Carrying Value
2055 notes	$	300,000	$	5,542	$	294,458
2035 notes		500,000		5,625		494,375
2031 notes		500,000		4,324		495,676
2026 notes		400,000		830		399,170
Total	$	1,700,000	$	16,321	$	1,683,679

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 28, 2024 (amounts in thousands):

			Debt Issuance Costs
	Face Value		and Debt Discount		Net Carrying Value
2031 notes	$	500,000	$	4,548	$	495,452
2026 notes		400,000		1,008		398,992
Total	$	900,000	$	5,556	$	894,444

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 19, 2025:

	Amount (thousands)
Balance at December 28, 2024	$	125,000
Borrowings		45,000
Payments		(65,000	)
Balance at April 19, 2025	$	105,000

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 repurchase facility as of April 19, 2025:

	Amount (thousands)
Gross amount available	$	200,000
Outstanding		(105,000	)
Available for withdrawal	$	95,000

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 19, 2025:

	Amount (thousands)
High balance	$	155,000
Low balance	$	105,000

Unsecured Credit Facility

Schedule of Borrowings and Repayments Under Credit Facility

The table below presents the borrowings and repayments under the previous credit facility, for the

period up to February 5, 2025, and the new credit facility, for the period on and from February 5, 2025, during the sixteen weeks ended April 19, 2025.

	Amount (thousands)
Balance at December 28, 2024	$	2,200
Borrowings		1,700
Payments		(2,200	)
Balance at April 19, 2025	$	1,700

Schedule of Net Amount Available Under Credit Facility

The table below presents the net amount available under the new credit facility as of April 19, 2025:

	Amount (thousands)
Gross amount available	$	500,000
Outstanding		(1,700	)
Letters of credit		(8,400	)
Available for withdrawal	$	489,900

Schedule of Highest and Lowest Outstanding Balance Under Credit Facility

The table below presents the highest and lowest outstanding balance under the previous credit facility, for the period up to February 5, 2025, and the new credit facility, for the period on and from February 5, 2025, during the sixteen weeks ended April 19, 2025:

	Amount (thousands)
High balance	$	2,200
Low balance	$	—