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Debt Obligations (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Schedule of debt obligations

Debt obligations as of March 31, 2023 and December 30, 2022 consisted of the following:

			Weighted Average Effective Interest Rate at March 31, 2023						Maturity						March 31, 2023						December 30, 2022
Senior secured term loans			10.32		%				August 2029						$	298,500					$	299,250
2028 Convertible senior notes			2.77		%				December 2028						287,500						287,500
2024 Convertible senior notes			2.34		%				December 2024						39,684						41,684
Asset-based loan facility			7.12		%				March 2027						40,000						40,000
Finance leases			5.61		%				Various						14,913						11,331
Convertible unsecured note			5.00		%				June 2023						4,000						4,000
Other revolving credit facilities			7.72		%				April 2023						2,217						2,217
Unamortized deferred costs and premium															(19,198)						(20,050)
Total debt obligations															667,616						665,932
Less: current installments															(13,199)						(12,428)
Total debt obligations excluding current installments															$	654,417					$	653,504

Schedule of debt maturities

Maturities of the Company’s debt, excluding finance leases, for the remainder of the fiscal year ending December 29, 2023 and each of the next four fiscal years and thereafter is as follows:

2023			$	8,467
2024			42,684
2025			3,000
2026			3,000
2027			43,000
Thereafter			571,750
Total			$	671,901

Schedule of convertible senior notes

The net carry value of the Company’s convertible notes as of March 31, 2023 and December 30, 2022 was:

						March 31, 2023																		December 30, 2022
						Principal Amount						Unamortized Deferred Costs and Premium						Net Amount						Principal Amount						Unamortized Deferred Costs and Premium						Net Amount
2028 Convertible Senior Notes						$	287,500					$	(6,589)					$	280,911					$	287,500					$	(6,876)					$	280,624
2024 Convertible Senior Notes						39,684						(325)						39,359						41,684						(373)						41,311
Convertible Unsecured Note						4,000						—						4,000						4,000						—						4,000
Total						$	331,184					$	(6,914)					$	324,270					$	333,184					$	(7,249)					$	325,935

Schedule of components of interest expense

The components of interest expense on the Company’s convertible notes were as follows:

			Thirteen Weeks Ended
			March 31, 2023						March 25, 2022
Coupon interest			$	1,899					$	938
Amortization of deferred costs and premium			335						224
Total interest			$	2,234					$	1,162

X

- Definition

Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 303
-Paragraph (a)
-Subparagraph (5)

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