LONG-TERM DEBT (Tables)

9 Months Ended

Sep. 27, 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				Thirty-Nine Weeks Ended
	September 27, 2023		September 28, 2022		September 27, 2023		September 28, 2022
Interest expense on hedged portion of debt	$	—	$	92	$	—	$	439
Interest income on interest rate swap		—		(369)		(170)		(197)
Interest (income) expense on debt and derivatives, net	$	—	$	(277)	$	(170)	$	242

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 thirty-nine weeks ended September 27, 2023 and September 28, 2022 (in thousands):

	Thirteen Weeks Ended								Thirty-Nine Weeks Ended
					Gain Reclassified from								Gain Reclassified from
	Net Gain Recognized in OCI				AOCI into Interest Income				Net Gain Recognized in OCI				AOCI into Interest Income
	September 27, 2023		September 28, 2022		September 27, 2023		September 28, 2022		September 27, 2023			September 28, 2022	September 27, 2023			September 28, 2022
Interest rate swap	$	—	$	43	$	—	$	(369)	$	—	$	974	$	(170)	$	(197)