Debt (Tables)

3 Months Ended

Mar. 26, 2023

Debt Disclosure [Abstract]

Schedule of long-term debt, net

Long-term debt, net, consists of the following (in thousands):

	March 26, 2023		December 25, 2022
Senior notes	$	400,000	$	400,000
Revolving facilities (a)	413,133		205,000
Outstanding debt	$	813,133	$	605,000
Unamortized debt issuance costs	(7,571)		(7,931)
Current portion of long-term debt	(8,200)		—
Total long-term debt, net	$	797,362	$	597,069

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(a)    Revolving facilities as of March 26, 2023 includes $8.2 million outstanding under the PJMF Revolving Facility as defined and discussed below.

Schedule of notional value of derivatives

As of March 26, 2023, we have the following interest rate swap agreements with a total notional value of $125.0 million:

Effective Dates	Floating Rate Debt		Fixed Rates
April 30, 2018 through April 30, 2023	$	55 million	2.33%
April 30, 2018 through April 30, 2023	$	35 million	2.36%
April 30, 2018 through April 30, 2023	$	35 million	2.34%

Schedule of location and amounts of derivatives in the financial statements

The following table provides information on the location and amounts of our swaps in the accompanying condensed consolidated financial statements (in thousands):

	Interest Rate Swap Derivatives
Balance Sheet Location	Fair Value March 26, 2023		Fair Value December 25, 2022
Other current assets	$	274	$	986

Schedule of effect of derivatives on the financial statements

The effect of derivative instruments on the accompanying condensed consolidated financial statements is as follows (in thousands):

Derivatives - Cash Flow Hedging Relationships	Amount of Gain or (Loss) Recognized in AOCL on Derivative		Location of (Loss) or Gain Reclassified from AOCL into Income	Amount of (Loss) or Gain Reclassified from AOCL into Income		Total Net Interest Expense on Condensed Consolidated Statements of Operations
Interest rate swaps:
March 26, 2023	$	259	Interest Expense	$	(207)	$	(9,021)
March 27, 2022	$	1,318	Interest Expense	$	535	$	(4,264)