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Debt (Tables) | 9 Months Ended
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Sep. 24, 2017
Debt |
Schedule of long-term debt, net | Long-term debt, net consists of the following (in thousands):
|  |  |  | September 24, |  |  | December 25,
|  |  |  | 2017 |  |  | 2016
Outstanding debt |  |  | $ | 400,000 |  | $ | 300,575
Unamortized debt issuance costs |  |  |  | (1,452) |  |  | (755)
Current portion of long-term debt |  |  |  | (20,000) |  |  | -
Total long term debt, less current portion, net |  |  | $ | 378,548 |  | $ | 299,820
Schedule of Interest Rate Swap Agreements | As of September 24, 2017, we have the following interest rate swap agreements, including three forward starting swaps executed in 2015 that become effective in 2018 upon expiration of the two existing swaps for $125 million:
Effective Dates |  | Floating Rate Debt |  | Fixed Rates |
July 30, 2013 through April 30, 2018 |  | $ | 75 | million |  | 1.42 | %
December 30, 2014 through April 30, 2018 |  | $ | 50 | million |  | 1.36 | %
April 30, 2018 through April 30, 2023 |  | $ | 55 | million |  | 2.33 | %
April 30, 2018 through April 30, 2023 |  | $ | 35 | million |  | 2.36 | %
April 30, 2018 through April 30, 2023 |  | $ | 35 | million |  | 2.34 | %
Subsequent to the end of the third quarter, in October 2017, we executed the following additional interest rate swaps for $275 million, which are forward starting swaps that become effective in 2018.
Effective Dates |  | Floating Rate Debt |  | Fixed Rates |
January 30, 2018 through August 30, 2022 |  | $ | 100 | million |  | 1.99 | %
January 30, 2018 through August 30, 2022 |  | $ | 75 | million |  | 1.99 | %
January 30, 2018 through August 30, 2022 |  | $ | 75 | million |  | 2.00 | %
January 30, 2018 through August 30, 2022 |  | $ | 25 | million |  | 1.99 | %

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