Derivatives (Tables)

6 Months Ended

Jul. 13, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of pay-fixed, receive-floating interest rate swap contract

Details of the pay-fixed, receive-floating interest rate swap contract are as follows:

Effective Date	Maturity Date	Notional Value (in millions)	Pay Fixed Rate	Receive Floating Rate	Floating Rate Reset Terms
March 17, 2023	November 17, 2027	$150	3.646%	One-Month CME Term SOFR	Monthly

Schedule of fair value of the interest rate swap

The location and the fair value of the interest rate swap in the condensed consolidated balance sheets as of July 13, 2024 and December 30, 2023, respectively, are as follows:

		Derivative Fair Value
(In thousands)	Condensed Consolidated Balance Sheets Location	July 13, 2024		December 30, 2023
Cash Flow Hedge:
Interest rate swap	Prepaid expenses and other current assets	$	1,718	$	1,721
Interest rate swap	Other long-term liabilities		291		1,914
Interest rate swap	Accumulated other comprehensive income		1,005		(316	)

Schedule of gains recognized in the condensed consolidated statements of earnings for the interest rate swap, presented on a pre-tax basis

The location and amount of gains recognized in the condensed consolidated statements of earnings for the interest rate swap, presented on a pre-tax basis, are as follows:

	Interest expense, net
	12 Weeks Ended				28 Weeks Ended
(In thousands)	July 13, 2024		July 15, 2023		July 13, 2024		July 15, 2023
Total amounts of expense line items presented in the condensed consolidated statements of earnings in which the effects of cash flow hedges are recorded	$	10,541	$	9,349	$	24,028	$	20,938
Gain on cash flow hedging relationships:
Gain reclassified from comprehensive income into earnings		588		494		1,377		669