Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2021

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 sheets (in thousands):

	March 31, 2021				December 30, 2020
	Notional		Fair value		Notional		Fair value
Other liabilities - Interest rate swap	$	40,000	$	946	$	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 condensed consolidated statements of income (in thousands):

	Thirteen Weeks Ended
	March 31, 2021		March 25, 2020
Interest expense on hedged portion of debt	$	200	$	429
Interest expense (income) on interest rate swap		78		(39)
Interest expense on debt and derivatives, net	$	278	$	390

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 weeks ended March 31, 2021 and March 25, 2020 (in thousands):

	Thirteen Weeks Ended
				Loss (Gain) Reclassified from
	Net (Loss) Gain Recognized in OCI			AOCI into Interest expense
	March 31, 2021		March 25, 2020	March 31, 2021		March 25, 2020
Interest rate swap	$	78	1,459	$	115	(39)