Derivatives (Tables)

12 Months Ended

Dec. 25, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The following is a summary of the Company's interest rate swaps as of year end::

Type	Notional Amount			Effective Date	Fixed Rate	Variable Rate
Interest rate swap	$	5,796	(1)	November 7, 2014 through November 7, 2024	4.500%	1 Month LIBOR

(1) Interest rate swap notional amount amortizes by $35 monthly to maturity.

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table summarizes the fair values of derivative instruments included in the Company's Consolidated Balance Sheets:

	Location on Consolidated Balance Sheets	Fair Value
		2021		2020
Liability Derivatives:
Derivatives designated as hedging instruments:
Interest rate swaps, current portion	Accrued Expenses	$	110	$	135
Interest rate swaps, long-term portion	Other Long-Term Liabilities	100		305
Total Liability Derivatives		$	210	$	440

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The following tables summarize the pre-tax impact of derivative instruments on the Company's consolidated financial statements:

	Amount of Gain or (Loss) Recognized in AOCIL on the effective portion of the Derivative
	2021		2020
Derivatives designated as hedging instruments:
Cash flow hedges - interest rate swaps	$	94	$	(1,316)
	Amount of Gain or (Loss) Reclassified from AOCIL on the effective portion into Income (1)(2)
	2021		2020
Derivatives designated as hedging instruments:
Cash flow hedges - interest rate swaps	$	135	$	1,106
	Amount of Gain or (Loss) Recognized on the Dedesignated Portion in Income on Derivative (3)
	2021		2020
Derivatives dedesignated as hedging instruments:
Cash flow hedges - interest rate swaps	$	511	$	861

(1)The amount of gain (loss) reclassified from AOCIL is included in interest expense on the Company's Consolidated Statements of Operations.

(2)The amount of loss expected to be reclassified from AOCIL into earnings during the next 12 months subsequent to December 25, 2021 is $123. See footnote 23 Subsequent Events for further information.

(3)The amount of gain (loss) recognized in income on the dedesignated portion of interest rate swaps is included in other income or other expense on the Company's Consolidated Statements of Operations. The amount of expense recognized on the Company's Consolidated Statements of Operations for the terminated portion of interest rate swaps is included in interest expense.