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Debt (Tables)
12 Months Ended
Dec. 25, 2025
Debt Disclosure [Abstract]  
Schedule of Long Term Debt
The following table summarizes the Company’s long-term debt as of December 25, 2025 and December 26, 2024:
dollars in thousands
Maturity DateInterest Rate Per Annum at December 25,
2025
December 25,
2025
December 26,
2024
Credit Facilities:
Term Loan Facility (1)
February 14, 20275.92%Variable$198,190 $200,293 
Asset-based Loan Facility (“ABL Facility”)
August 4, 20274.98%Variable— — 
Total secured debt at par value198,190 200,293 
Less: current maturities2,629 2,103 
Long-term debt maturities195,561 198,190 
Less: unamortized discount and debt issuance costs1,972 3,663 
Total long-term debt$193,589 $194,527 
(1)The applicable interest rate for the Term Loan Facility as presented herein does not include the effect of the interest rate cap contract. Refer to Note 8, “Derivatives and Risk Management” for additional details related to the Company’s interest rate cap contract.
Schedule of Maturities of Debt
The following table summarizes scheduled maturities of the Company’s debt as of December 25, 2025:
in thousandsAmount
2026$2,629 
2027195,561 
Total minimum debt payments$198,190 
Schedule of Components of Interest Expense
Components of interest expense are as follows for the periods presented:
Fiscal Year Ended
in thousandsDecember 25,
2025
December 26,
2024
December 28,
2023
Interest expense
$17,022 $19,357 $23,297 
Less:
Interest income (1)
7,858 7,541 6,392 
Capitalized interest
5,755 9,043 7,008 
Interest expense, net$3,409 $2,773 $9,897 
(1)Includes interest income related to the Company’s cash on hand and interest rate cap contracts. Refer to Note 8, “Derivatives and Risk Management” for additional details related to the Company’s interest rate cap contract.
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 25, 2025 and December 26, 2024:
in thousandsFair Value Hierarchy ClassificationDecember 25,
2025
December 26,
2024
Term Loan FacilityLevel 3$197,943 $199,542