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Long-Term Debt (Tables)
12 Months Ended
Dec. 29, 2021
Debt Disclosure [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 29, 2021

December 30, 2020

    

Notional

    

Fair value

    

Notional

    

Fair value

Other liabilities - Interest rate swap

$

40,000

$

396

$

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 income (in thousands):

    

December 29, 2021

    

December 30, 2020

December 25, 2019

    

Interest expense on hedged portion of debt

$

568

$

979

$

461

Interest expense on interest rate swap

 

486

 

278

(84)

 

Interest expense on debt and derivatives, net

$

1,054

$

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 29, 2021, December 30, 2020 and December 25, 2019 (in thousands):

Gain (Loss) Reclassified from

Net Gain (Loss) Recognized in OCI

AOCI into Interest expense

    

December 29, 2021

December 30, 2020

December 25, 2019

December 29, 2021

December 30, 2020

December 25, 2019

    

Interest rate swap

$

257

$

(1,762)

$

430

$

486

$

278

$

(84)