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Debt and Other Obligations (Tables) | 4 Months Ended
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Apr. 19, 2025
Long Term Debt (Net of Issuance Costs and Debt Discounts Excluding Line-of-credit Arrangements) | Long-term debt (net of issuance costs and debt discounts excluding line-of-credit arrangements) (leases are separately discussed in Note 6, Leases) consisted of the following at April 19, 2025 and December 28, 2024, respectively (amounts in thousands):
|  | April 19, 2025 |  |  | December 28, 2024 |
Unsecured previous credit facility |  | $ | — |  |  | $ | 2,200 |
Unsecured new credit facility |  |  | 1,700 |  |  |  | — |
2031 notes |  |  | 495,676 |  |  |  | 495,452 |
2026 notes |  |  | 399,170 |  |  |  | 398,992 |
2035 notes |  |  | 494,375 |  |  |  | — |
2055 notes |  |  | 294,458 |  |  |  | — |
Accounts receivable repurchase facility |  |  | 105,000 |  |  |  | 125,000 |
|  |  | 1,790,379 |  |  |  | 1,021,644 |
Less current maturities of long-term debt |  |  | — |  |  |  | — |
Total long-term debt |  | $ | 1,790,379 |  |  | $ | 1,021,644 |
Aggregate Maturities of Debt Outstanding | Aggregate maturities of debt outstanding as of April 19, 2025 are as follows (excluding unamortized debt discount and issuance costs) (amounts in thousands):
Remainder of 2025 |  | $ | — |
2026 |  |  | 400,000 |
2027 |  |  | 105,000 |
2028 |  |  | — |
2029 |  |  | — |
2030 and thereafter |  |  | 1,301,700 |
Total |  | $ | 1,806,700 |
Reconciliation of Debt Issuance Costs and Debt Discounts to the Net Carrying Value for Each Debt Obligation (Excluding Line of Credit Arrangements) | The table below reconciles the debt issuance costs and debt discounts to the net carrying value of each of our debt obligations (excluding line-of-credit arrangements) at April 19, 2025 (amounts in thousands):
|  |  |  |  | Debt Issuance Costs |  |  |  |
|  | Face Value |  |  | and Debt Discount |  |  | Net Carrying Value |
2055 notes |  | $ | 300,000 |  |  | $ | 5,542 |  |  | $ | 294,458 |
2035 notes |  |  | 500,000 |  |  |  | 5,625 |  |  |  | 494,375 |
2031 notes |  |  | 500,000 |  |  |  | 4,324 |  |  |  | 495,676 |
2026 notes |  |  | 400,000 |  |  |  | 830 |  |  |  | 399,170 |
Total |  | $ | 1,700,000 |  |  | $ | 16,321 |  |  | $ | 1,683,679 |
The table below reconciles the debt issuance costs and debt discounts to the net carrying value of each of our debt obligations (excluding line-of-credit arrangements) at December 28, 2024 (amounts in thousands):
|  |  |  |  | Debt Issuance Costs |  |  |  |
|  | Face Value |  |  | and Debt Discount |  |  | Net Carrying Value |
2031 notes |  | $ | 500,000 |  |  | $ | 4,548 |  |  | $ | 495,452 |
2026 notes |  |  | 400,000 |  |  |  | 1,008 |  |  |  | 398,992 |
Total |  | $ | 900,000 |  |  | $ | 5,556 |  |  | $ | 894,444 |
Accounts Receivable Repurchase Facility |
Schedule of Borrowings and Repayments Under Credit Facility | The table below presents the borrowings and repayments under the repurchase facility during the sixteen weeks ended April 19, 2025:
|  | Amount (thousands) |
Balance at December 28, 2024 |  | $ | 125,000 |
Borrowings |  |  | 45,000 |
Payments |  |  | (65,000 | )
Balance at April 19, 2025 |  | $ | 105,000 |
Schedule of Net Amount Available Under Credit Facility | The table below presents the net amount available for working capital and general corporate purposes under the repurchase facility as of April 19, 2025:
|  | Amount (thousands) |
Gross amount available |  | $ | 200,000 |
Outstanding |  |  | (105,000 | )
Available for withdrawal |  | $ | 95,000 |
Schedule of Highest and Lowest Outstanding Balance Under Credit Facility | The table below presents the highest and lowest outstanding balance under the repurchase facility during the sixteen weeks ended April 19, 2025:
|  | Amount (thousands) |
High balance |  | $ | 155,000 |
Low balance |  | $ | 105,000 |
Unsecured Credit Facility |
Schedule of Borrowings and Repayments Under Credit Facility | The table below presents the borrowings and repayments under the previous credit facility, for the period up to February 5, 2025, and the new credit facility, for the period on and from February 5, 2025, during the sixteen weeks ended April 19, 2025.
|  | Amount (thousands) |
Balance at December 28, 2024 |  | $ | 2,200 |
Borrowings |  |  | 1,700 |
Payments |  |  | (2,200 | )
Balance at April 19, 2025 |  | $ | 1,700 |
Schedule of Net Amount Available Under Credit Facility | The table below presents the net amount available under the new credit facility as of April 19, 2025:
|  | Amount (thousands) |
Gross amount available |  | $ | 500,000 |
Outstanding |  |  | (1,700 | )
Letters of credit |  |  | (8,400 | )
Available for withdrawal |  | $ | 489,900 |
Schedule of Highest and Lowest Outstanding Balance Under Credit Facility | The table below presents the highest and lowest outstanding balance under the previous credit facility, for the period up to February 5, 2025, and the new credit facility, for the period on and from February 5, 2025, during the sixteen weeks ended April 19, 2025:
|  | Amount (thousands) |
High balance |  | $ | 2,200 |
Low balance |  | $ | — |

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