LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 25, 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 consolidated statements of income (in thousands):

	December 27, 2023		December 28, 2022
Interest expense on hedged portion of debt	$	—	$	439
Interest income on interest rate swap		(170)		(296)
Interest (income) expenses on debt and derivatives, net	$	(170)	$	143

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 27, 2023 and December 28, 2022 (in thousands):

						Gain Reclassified from
	Net Gain Recognized in OCI					AOCI into Interest Income
	December 27, 2023		December 28, 2022		December 27, 2023		December 28, 2022
Interest rate swap	$	—	$	862	$	(170)	$	(296)