XML 51 R35.htm IDEA: XBRL DOCUMENT v3.25.4
Debt Obligations (Tables)
12 Months Ended
Dec. 26, 2025
Debt Disclosure [Abstract]  
Schedule of debt obligations and impact on consolidated statements of operations
Debt obligations as of December 26, 2025 and December 27, 2024 consisted of the following:
Weighted Average Effective Interest Rate at
December 26, 2025
MaturityDecember 26, 2025December 27, 2024
Senior secured term loans7.66 %August 2029$252,000 $260,000 
2028 Convertible senior notes2.77 %December 2028287,500 287,500 
Asset-based loan facility6.04 %August 2030100,000 120,000 
Finance leases and other financing obligations7.19 %Various119,451 52,673 
Unamortized deferred costs(10,421)(13,389)
Total debt obligations748,530 706,784 
Less: current installments(28,197)(18,040)
Total long-term debt$720,333 $688,744 
The Company recorded the following in its consolidated statements of operations as a result of these debt amendments and prepayments:
 Fiscal Years Ended
 December 26, 2025December 27, 2024December 29, 2023
Loss on debt extinguishment included in interest expense:
Related to term loan amendments$— $154 $— 
Related to term loan prepayments150531770
Arrangement fees included in interest expense
5251,300
Third-party transaction costs included in other operating expenses
49 156 319 
Schedule of maturities of the company's debt
Maturities of the Company’s debt, excluding finance leases, for each of the next five years and thereafter at December 26, 2025 are as follows:
2026$8,500 
20278,500 
2028290,500 
2029243,000 
2030100,000 
Total$650,500 
 See Note 11 - Leases for finance lease maturities.
Schedule of convertible senior notes
The net carry value of the Company’s 2028 convertible senior notes as of December 26, 2025 and December 27, 2024 was:

December 26, 2025December 27, 2024
Principal AmountUnamortized Deferred Costs and PremiumNet AmountPrincipal AmountUnamortized Deferred Costs and PremiumNet Amount
2028 Convertible Notes$287,500 $(3,438)$284,062 $287,500 $(4,584)$282,916 
Schedule of components of interest expense
The components of interest expense on the Company’s convertible notes were as follows:
 Fiscal Years Ended
 December 26, 2025December 27, 2024December 29, 2023
Coupon interest$6,828 $7,572 $7,578 
Amortization of deferred costs and premium1,146 1,332 1,334 
Total interest$7,974 $8,904 $8,912