LONG-TERM DEBT (Tables)

3 Months Ended

Mar. 27, 2024

LONG-TERM DEBT.

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 27, 2024		March 29, 2023
Interest expense on hedged portion of debt	$	—	$	—
Interest income on interest rate swap		—		(85)
Interest income on debt and derivatives, net	$	—	$	(85)

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 27, 2024 and March 29, 2023 (in thousands):

	Thirteen Weeks Ended
					Gain Reclassified from
	Net Gain Recognized in OCI				AOCI into Interest Income
	March 27, 2024			March 29, 2023	March 27, 2024			March 29, 2023
Interest rate swap	$	—	$	—	$	—	$	(85)