XML 40 R29.htm IDEA: XBRL DOCUMENT v3.5.0.2
Revolving Credit Facilities and Long-Term Debt - Revolving Credit Facilities and Long-Term Debt (Details)
3 Months Ended 6 Months Ended
Jun. 29, 2015
USD ($)
Sep. 24, 2016
USD ($)
Sep. 26, 2015
USD ($)
Sep. 24, 2016
USD ($)
Sep. 26, 2015
USD ($)
Mar. 26, 2016
USD ($)
Feb. 23, 2015
USD ($)
February 2015 Wells Fargo Bank credit facility              
Revolving credit facilities and long-term debt              
Existing indebtedness refinanced $ 150,000,000            
Transaction fee paid             $ 1,400,000
February 2015 Wells Fargo Bank credit facility | Interest expense              
Revolving credit facilities and long-term debt              
Deferred loan fees written off 1,400,000            
Wells Fargo Bank revolving credit facility              
Revolving credit facilities and long-term debt              
Current borrowing capacity             75,000,000
Wells Fargo Bank letters of credit              
Revolving credit facilities and long-term debt              
Current borrowing capacity             5,000,000
Wells Fargo Bank term loan              
Revolving credit facilities and long-term debt              
Principal amount             75,000,000
Additional incremental term loan capacity             $ 50,000,000
Term loan   $ 197,500,000   $ 197,500,000   $ 198,500,000  
Unamortized value of the debt issuance costs and debt discount   (4,411,000)   (4,411,000)   (4,886,000)  
Total   193,089,000   193,089,000   193,614,000  
2015 Golub Term Loan              
Revolving credit facilities and long-term debt              
Principal amount $ 200,000,000            
Interest expense   $ 2,700,000   $ 5,500,000      
Weighted average interest rate (as a percent)   5.50%   5.50%      
Required payment frequency Quarterly            
Periodic payment $ 500,000            
Additional interest rate required if certain triggering events come into existence (as a percent) 2.00%            
Deferred loan fees $ 5,600,000 $ 4,400,000   $ 4,400,000   4,900,000  
Total   197,500,000   $ 197,500,000      
2015 Golub Term Loan | Base rate              
Revolving credit facilities and long-term debt              
Basis margin (as a percent) 3.50%            
2015 Golub Term Loan | Federal funds rate              
Revolving credit facilities and long-term debt              
Basis margin (as a percent) 0.50%            
2015 Golub Term Loan | One-month LIBOR rate              
Revolving credit facilities and long-term debt              
Basis margin (as a percent) 1.00%            
2015 Golub Term Loan | LIBOR              
Revolving credit facilities and long-term debt              
Basis margin (as a percent) 4.50%            
LIBOR floor rate 1.00%            
2015 Golub Term Loan | Maximum              
Revolving credit facilities and long-term debt              
Consolidated total net leverage ratio       4.75      
2015 Golub Term Loan | Leverage ratio as of December 24, 2016 | Maximum              
Revolving credit facilities and long-term debt              
Consolidated total net leverage ratio       4.50      
2015 Golub Term Loan | Leverage ratio as of April 1, 2017 | Maximum              
Revolving credit facilities and long-term debt              
Consolidated total net leverage ratio       4.25      
2015 Golub Term Loan | Leverage ratio subsequent to September 30, 2017 | Maximum              
Revolving credit facilities and long-term debt              
Consolidated total net leverage ratio       4.00      
June 2015 Wells Fargo Revolver              
Revolving credit facilities and long-term debt              
Borrowing capacity $ 125,000,000            
Commitment fee on unused capacity (as a percentage) 0.25%            
Amount outstanding under 2015 Wells Fargo Revolver   57,000,000   $ 57,000,000   48,800,000  
Interest expense   $ 400,000   $ 700,000      
Weighted average interest rate (as a percent)   1.80%   1.80%      
Additional interest rate required if certain triggering events come into existence (as a percent) 2.00%            
Deferred loan fees $ 900,000 $ 700,000   $ 700,000   $ 800,000  
June 2015 Wells Fargo Revolver | Federal funds rate              
Revolving credit facilities and long-term debt              
Basis margin (as a percent) 0.50%            
June 2015 Wells Fargo Revolver | One-month LIBOR rate              
Revolving credit facilities and long-term debt              
Basis margin (as a percent) 1.00%            
June 2015 Wells Fargo Revolver | Minimum              
Revolving credit facilities and long-term debt              
Consolidated fixed charge coverage ratio 1.00            
June 2015 Wells Fargo Revolver | Minimum | Base rate              
Revolving credit facilities and long-term debt              
Basis margin (as a percent) 0.00%            
June 2015 Wells Fargo Revolver | Minimum | LIBOR              
Revolving credit facilities and long-term debt              
Basis margin (as a percent) 1.00%            
June 2015 Wells Fargo Revolver | Maximum | Base rate              
Revolving credit facilities and long-term debt              
Basis margin (as a percent) 0.25%            
June 2015 Wells Fargo Revolver | Maximum | LIBOR              
Revolving credit facilities and long-term debt              
Basis margin (as a percent) 1.25%            
June 2015 Wells Fargo Revolver | February 2015 Wells Fargo Bank credit facility              
Revolving credit facilities and long-term debt              
Interest expense         $ 800,000    
Weighted average interest rate (as a percent)     4.09%   4.09%    
June 2015 Wells Fargo Revolver | 2015 Golub Term Loan | Interest expense              
Revolving credit facilities and long-term debt              
Amortization of deferred loan fees   $ 300,000 $ 300,000 $ 600,000 $ 300,000