Long-Term Debt (Tables)

12 Months Ended

Dec. 25, 2024

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt consisted of the following:

	December 25, 2024		December 27, 2023
	(In thousands)
Revolving loans	$	261,300	$	255,500
Finance lease obligations	10,568		10,533
Total long-term debt	271,868		266,033
Less current maturities of finance lease obligations	1,284		1,383
Noncurrent portion of long-term debt	$	270,584	$	264,650

Schedule of Interest Rate Swaps

A summary of our interest rate swaps as of December 25, 2024 is as follows:

Trade Date	Effective Date	Maturity Date	Notional Amount			Fair Value		Fixed Rate
			(In thousands)
Swaps designated as cash flow hedges
March 20, 2015	March 29, 2018	March 31, 2025	$	120,000		$	618	2.34	%
October 1, 2015	March 29, 2018	March 31, 2026	$	50,000		$	1,087	2.37	%
February 15, 2018	March 31, 2020	December 31, 2033	$	68,000	(1)	$	19,136	3.09	%
Total			$	238,000		$	20,841

(1)     The notional amounts of the swaps entered into on February 15, 2018 will increase by $120 million on March 31, 2025 when the swaps entered into on March 20, 2015 expire and will increase periodically until they reach the maximum notional amount of $335 million on August 31, 2033.