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Debt (Tables)
12 Months Ended
Dec. 29, 2024
Debt Disclosure [Abstract]  
Schedule of long-term debt, net
Long-term debt, net consists of the following (in thousands):
December 29,
2024
December 31,
2023
Senior notes$400,000 $400,000 
Revolving facilities346,732 364,000 
Outstanding debt746,732 764,000 
Unamortized debt issuance costs(5,082)(6,578)
Total long-term debt, net$741,650 $757,422 
Schedule of notional value of derivatives As of December 29, 2024, we have the following interest rate swap agreements with a total notional value of $100.0 million:
Effective DatesFloating Rate Debt Fixed Rates
June 23, 2023 through June 30, 2025$50 million4.55 %
June 23, 2023 through June 30, 2025$50 million4.55 %
Schedule of location and amounts of derivatives
The following table provides information on the location and amounts of our swaps in the accompanying Consolidated Balance Sheets (in thousands):
Interest Rate Swap Derivatives
Balance Sheet LocationFair Value
December 29,
2024
Fair Value
December 31,
2023
Prepaid expenses and other current assets$— $107 
Accrued expense and other current liabilities$161 $— 
Other long-term liabilities$— $483 
Schedule of effect of derivative instruments financial statements
The effect of derivative instruments on the accompanying 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
Net Interest Expense
on Consolidated
Statements of
Operations
Interest rate swaps:
2024$167 Net interest expense$632 $(42,578)
2023$1,125 Net interest expense$173 $(43,469)
2022$3,663 Net interest expense$(2,384)$(25,261)