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LONG-TERM DEBT (Tables)
6 Months Ended
Jun. 28, 2023
Debt Disclosure [Abstract]  
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 28, 2023

    

June 29, 2022

June 28, 2023

    

June 29, 2022

Interest expense on hedged portion of debt

$

$

204

$

$

347

Interest (income) expense on interest rate swap

 

(85)

 

55

(170)

 

172

Interest (income) expense on debt and derivatives, net

$

(85)

$

259

$

(170)

$

519

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 28, 2023 and June 29, 2022 (in thousands):

Thirteen Weeks Ended

Twenty-Six Weeks Ended

(Gain) Loss Reclassified from

(Gain) Loss Reclassified from

Net Gain Recognized in OCI

AOCI into Interest (Income) Expense

Net Gain Recognized in OCI

AOCI into Interest (Income) Expense

 

June 28, 2023

 

June 29, 2022

 

June 28, 2023

 

June 29, 2022

 

June 28, 2023

    

June 29, 2022

    

June 28, 2023

    

June 29, 2022

Interest rate swap

$

$

347

$

(85)

$

55

$

$

931

$

(170)

$

172