XML 53 R36.htm IDEA: XBRL DOCUMENT v3.22.4
Debt - Credit Agreement (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Oct. 30, 2020
Dec. 31, 2022
Dec. 25, 2021
Line of Credit Facility        
Debt Issuance Costs, Net $ (13,900)   $ (13,900) $ (13,600)
Unsecured debt, net of debt issuance costs 1,164,100   1,164,100 986,400
Unsecured Debt, Current 0   0 0
Long-term Debt, Excluding Current Maturities 1,164,056   1,164,056 986,382
Unsecured Debt 1,178,000   1,178,000 1,000,000
Letters of Credit Outstanding, Amount 52,600   $ 52,600 52,900
Debt Instrument, Covenant Compliance     all  
Senior Notes $ 150,000   $ 150,000  
Senior Notes - Maturity Date Aug. 14, 2029      
November 2020 Term Loan        
Line of Credit Facility        
Term loan, Maximum Month End Outstanding Amount $ 0   0 200,000
Notes Payable to Banks        
Line of Credit Facility        
Senior Notes $ 150,000   $ 150,000 150,000
1.750% Senior Notes [Member]        
Line of Credit Facility        
Debt Instrument, Issuance Date   Oct. 30, 2020    
Debt Instrument, Maturity Date     Nov. 01, 2030  
Debt Instrument, Interest Rate, Plus Stated Percentage 1.75%   1.75%  
Senior Notes $ 650,000   $ 650,000 650,000
2016 Senior Credit Facility        
Line of Credit Facility        
Line of Credit Facility, Maximum Month-end Outstanding Amount       $ 0
Number of Financial Covenants        
Line of Credit Facility        
Debt Instrument, Covenant Description     two  
Fixed Charge Coverage Ratio Minimum Requirement        
Line of Credit Facility        
Debt Instrument, Covenant Description     2.00  
Leverage Ratio Maximum Requirement        
Line of Credit Facility        
Debt Instrument, Covenant Description     4.00  
2022 Senior Credit Facility [Member]        
Line of Credit Facility        
Senior Credit Facility, Maximum Borrowing Capacity $ 1,200,000   $ 1,200,000  
Swingline Loan, Maximum Borrowing Capacity     50,000  
Line of Credit Facility, Maximum Month-end Outstanding Amount     378,000  
Term Loan, Maximum Borrowing Capacity     $ 500,000  
Debt Instrument, Basis Spread on Variable Rate     0.00%  
Commitment fee for unused capacity     0.10%  
Letters of Credit, Maximum Borrowing Capacity     $ 150,000  
2022 Senior Credit Facility [Member] | Base Rate        
Line of Credit Facility        
Line of Credit Facility, Interest Rate at Period End 7.50%   7.50%  
2022 Senior Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate        
Line of Credit Facility        
Line of Credit Facility, Interest Rate at Period End 4.358%   4.358%  
Debt Instrument, Basis Spread on Variable Rate     1.00%  
2022 Senior Credit Facility [Member] | Minimum        
Line of Credit Facility        
Commitment fee for unused capacity     0.08%  
2022 Senior Credit Facility [Member] | Minimum | Base Rate        
Line of Credit Facility        
Debt Instrument, Basis Spread on Variable Rate     0.00%  
2022 Senior Credit Facility [Member] | Minimum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate        
Line of Credit Facility        
Debt Instrument, Basis Spread on Variable Rate     0.75%  
2022 Senior Credit Facility [Member] | Maximum        
Line of Credit Facility        
Commitment fee for unused capacity     0.15%  
2022 Senior Credit Facility [Member] | Maximum | Base Rate        
Line of Credit Facility        
Debt Instrument, Basis Spread on Variable Rate     0.25%  
2022 Senior Credit Facility [Member] | Maximum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate        
Line of Credit Facility        
Debt Instrument, Basis Spread on Variable Rate     1.25%