XML 94 R76.htm IDEA: XBRL DOCUMENT v3.22.4
Debt - Narrative (Details)
12 Months Ended
Sep. 14, 2021
USD ($)
qtr
Dec. 25, 2022
USD ($)
Dec. 26, 2021
USD ($)
Dec. 27, 2020
USD ($)
Line of Credit Facility [Line Items]        
Debt issuance costs $ 2,100,000      
Outstanding debt   $ 605,000,000 $ 490,000,000  
Other comprehensive income (loss) before tax recognized for interest rate swaps [1]   4,757,000 6,848,000 $ (7,517,000)
Other comprehensive income (loss) after tax recognized for interest rate swaps   3,700,000 5,300,000 (5,800,000)
Interest paid, including payments made or received under the swaps   24,400,000 13,400,000 $ 15,800,000
Interest Rate Swap        
Line of Credit Facility [Line Items]        
Portion of derivative liability that would be reclassified into earnings   1,000,000    
Interest Rate Swap | Interest Expense        
Line of Credit Facility [Line Items]        
Portion of derivative liability that would be reclassified into earnings   $ 1,000,000    
Estimate of period of time over which portion of derivative liability would be reclassified into earnings   12 months    
Letter of credit        
Line of Credit Facility [Line Items]        
Line of credit facility, maximum borrowing capacity 80,000,000      
Revolving facilities        
Line of Credit Facility [Line Items]        
Outstanding debt   $ 205,000,000 90,000,000  
Senior notes        
Line of Credit Facility [Line Items]        
Face amount $ 400,000,000      
Interest rate 3.875% 3.875%    
Unamortized debt issuance costs $ 7,100,000      
Outstanding debt   $ 400,000,000 400,000,000  
Senior notes | Redemption up to 40% at any time prior to September 15, 2024 with net cash proceeds from certain equity offerings        
Line of Credit Facility [Line Items]        
Redemption price percentage 103.875%      
Senior notes | Redemption at any time prior to September 15, 2024        
Line of Credit Facility [Line Items]        
Redemption price percentage 100.00%      
Senior notes | Minimum | Redemption at any time on or after September 15, 2024        
Line of Credit Facility [Line Items]        
Redemption price percentage 0.97%      
Senior notes | Maximum | Redemption at any time on or after September 15, 2024        
Line of Credit Facility [Line Items]        
Redemption price percentage 1.94%      
Senior notes | Maximum | Redemption up to 40% at any time prior to September 15, 2024 with net cash proceeds from certain equity offerings        
Line of Credit Facility [Line Items]        
Redemption percentage 40.00%      
PJI Facilities        
Line of Credit Facility [Line Items]        
Line of credit facility, maximum borrowing capacity $ 600,000,000      
Line of credit facility, remaining availability   395,000,000    
Additional amount that company has option to increase borrowing capacity   500,000,000    
Number of quarters in interest margin period | qtr 4      
PJI Facilities | LIBOR        
Line of Credit Facility [Line Items]        
Interest margin rate on debt 1.00%      
PJI Facilities | Federal funds rate        
Line of Credit Facility [Line Items]        
Interest margin rate on debt 0.50%      
PJI Facilities | Revolving facilities        
Line of Credit Facility [Line Items]        
Line of credit facility, maximum borrowing capacity   50,000,000    
PJI Facilities | Minimum        
Line of Credit Facility [Line Items]        
Percentage of commitment fee on unused credit facility 0.18%      
PJI Facilities | Minimum | LIBOR        
Line of Credit Facility [Line Items]        
Interest margin rate on debt 1.25%      
PJI Facilities | Minimum | Base Rate        
Line of Credit Facility [Line Items]        
Interest margin rate on debt 0.25%      
PJI Facilities | Maximum        
Line of Credit Facility [Line Items]        
Percentage of commitment fee on unused credit facility 0.30%      
PJI Facilities | Maximum | LIBOR        
Line of Credit Facility [Line Items]        
Interest margin rate on debt 2.00%      
PJI Facilities | Maximum | Base Rate        
Line of Credit Facility [Line Items]        
Interest margin rate on debt 1.00%      
Swingline loans        
Line of Credit Facility [Line Items]        
Line of credit facility, maximum borrowing capacity $ 40,000,000      
Amendment to Credit Agreement | Minimum        
Line of Credit Facility [Line Items]        
Interest coverage ratio 2.00      
Amendment to Credit Agreement | Maximum        
Line of Credit Facility [Line Items]        
Leverage Ratio 5.25      
Increase to leverage ratio 0.50      
PJMF Revolving Facility        
Line of Credit Facility [Line Items]        
Line of credit facility, maximum borrowing capacity   20,000,000    
Outstanding debt   $ 0 $ 0  
PJMF Revolving Facility | One-month LIBOR        
Line of Credit Facility [Line Items]        
Interest margin rate on debt   1.60%    
[1] Amounts reclassified out of accumulated other comprehensive loss into interest expense included ($2,384), ($5,965) and ($5,068) for the years ended December 25, 2022, December 26, 2021 and December 27, 2020, respectively.