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Note 6 - Borrowings (Tables)
12 Months Ended
Dec. 25, 2021
Notes Tables  
Schedule of Funded Debt to Adjusted Ratio Percentage [Table Text Block]

Funded Debt to

EBITDA Ratio

 

Revolving

Eurodollar

Borrowing

  

ABR

Revolving

Borrowing

  

Letter of

Credit Fee

  

Commitment

Fee

 

Category 1

Greater than or equal to 2.50 to 1.0

  2.25%  0.25%  2.25%  0.35%

Category 2

Greater than or equal to 1.50 to 1.0 but

less than 2.50 to 1.0

  2.00%  -0-   2.00%  0.35%

Category 3

Less than 1.50 to 1.0

  1.75%  (0.25%)  1.75%  0.35%
Schedule of Long-term Debt Instruments [Table Text Block]

In Thousands

 

2021

  

2020

 
         

Senior secured revolving credit facility of $50.0 million with a maturity of July 7, 2026. The interest rate at December 25, 2021 was 3.00% and 2.15% at December 26, 2020.

 $10,515  $30,073 
         

Term loan of $50.0 million with a maturity date of July 7, 2026. The interest rate at December 25, 2021, was 2.97%.

  47,024   -- 
         
   57,539   30,073 

Current portion of long-term debt

  (7,143)  -- 
  $50,396  $30,073