Debt (Tables)

12 Months Ended

Dec. 26, 2024

Debt Disclosure [Abstract]

Schedule of Long Term Debt

The following table summarizes the Company’s long-term debt as of December 26, 2024 and December 28, 2023:

in thousands	Maturity Date	Interest Rate Per Annum at December 26, 2024		December 26, 2024		December 28, 2023
Credit Facilities:
Term Loan Facility (1)	February 14, 2027	6.57%	Variable	$	200,293	$	202,396
Asset-based Loan Facility (“ABL Facility”)	August 4, 2027	5.59%	Variable	—		—
Total secured debt at par value				200,293		202,396
Less: current maturities				2,103		2,103
Long-term debt maturities				198,190		200,293
Less: unamortized discount and debt issuance costs				3,663		5,354
Total long-term debt				$	194,527	$	194,939

(1)The applicable interest rate for the Term Loan Facility as presented herein does not include the effect of the interest rate cap agreement, which caps Secured Overnight Financing Rate (“SOFR”) based interest payments for $150.0 million of the Term Loan Facility at 5.50%. Refer to Note 8, “Derivatives and Risk Management” for additional details related to the Company’s interest rate cap agreement.

Schedule of Maturities of Debt

The following table summarizes scheduled maturities of the Company’s debt as of December 26, 2024:

in thousands	Amount
2025	$	2,103
2026	2,629
2027	195,561
Total minimum debt payments	$	200,293

Schedule of Components of Interest Expense

Components of interest expense are as follows for the periods presented:

	Fiscal Year Ended
in thousands	December 26, 2024		December 28, 2023		December 29, 2022
Total interest expense, net of interest income (1)	$	11,816	$	16,905	$	14,942
Less: interest capitalized	9,043		7,008		3,804
Interest expense, net	$	2,773	$	9,897	$	11,138

(1)Total interest expense, net of interest income includes interest income related to the Company’s interest rate cap agreements totaling $1.9 million, $5.1 million, and $0.9 million during fiscal years 2024, 2023, and 2022, respectively. Refer to Note 8, “Derivatives and Risk Management” for additional details related to the Company’s interest rate cap agreements.

Schedule of Fair Value of Debt

The estimated fair value and classification within the fair value hierarchy of the Term Loan Facility was as follows as of December 26, 2024 and December 28, 2023:

in thousands	Fair Value Hierarchy Classification	December 26, 2024		December 28, 2023
Term Loan Facility	Level 3	$	199,542	$	201,637