Long-Term Debt (Tables)

6 Months Ended

Jun. 24, 2020

Derivative Instruments and Hedging Activities [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table shows the financial statement line item and amount of the Company’s cash flow hedge accounting on the condensed consolidated balance sheet (in thousands):

	June 24, 2020				December 25, 2019
	Notional		Fair value		Notional		Fair value
Other assets - Interest rate swap		—		—	$	40,000	$	360
Other liabilities - Interest rate swap	$	40,000	$	1,408		—		—

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location

The following table summarizes the effect of the Company’s cash flow hedge accounting on the condensed consolidated statements of income (in thousands):

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	June 24, 2020		June 26, 2019		June 24, 2020		June 26, 2019
Interest expense on hedged portion of debt	$	212		—	$	641		—
Interest expense on interest rate swap		81		—		42		—
Interest expense on debt and derivatives, net	$	293	$	—	$	683	$	—

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

The following table summarizes the effect of the Company’s cash flow hedge accounting on AOCI for the thirteen and twenty-six weeks ended June 24, 2020 and June 26, 2019 (in thousands):

	Thirteen Weeks Ended						Twenty-Six Weeks Ended
				Loss Reclassified from						Loss Reclassified from
	Net Loss Recognized in OCI			AOCI into Interest expense			Net Loss Recognized in OCI			AOCI into Interest expense
	June 24, 2020		June 26, 2019	June 24, 2020		June 26, 2019	June 24, 2020		June 26, 2019	June 24, 2020		June 26, 2019
Interest rate swap	$	296	—	$	81	—	$	1,755	—	$	42	—