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Long-Term Debt (Tables)
12 Months Ended
Dec. 30, 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 consolidated balance sheet (in thousands):

December 30, 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

$

1,139

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 consolidated statements of operations (in thousands):

    

December 30, 2020

    

December 25, 2019

    

Interest expense on hedged portion of debt

$

979

$

461

Interest expense (income) on interest rate swap

 

278

 

(84)

 

Interest expense on debt and derivatives, net

$

1,257

$

377

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 years ended December 30, 2020, December 25, 2019 and December 26, 2018 (in thousands):

Loss (Gain) Reclassified from

Net (Loss) Gain Recognized in OCI

AOCI into Interest expense

    

December 30, 2020

December 25, 2019

December 26, 2018

December 30, 2020

December 25, 2019

December 26, 2018

    

Interest rate swap

$

(1,762)

$

430

$

$

278

$

(84)

$