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Debt and Credit Arrangements (Tables) | 12 Months Ended
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Dec. 31, 2017
Debt and Credit Arrangements |
Schedule of Long-Term Debt, Net | Long-term debt, net consists of the following (in thousands):
|  |  |  | December 31, |  |  | December 25,
|  |  |  | 2017 |  |  | 2016
Outstanding debt |  |  | $ | 470,000 |  | $ | 300,575
Unamortized debt issuance costs |  |  |  | (3,435) |  |  | (755)
Current portion of long-term debt |  |  |  | (20,000) |  |  | -
Total long-term debt, less current portion, net |  |  | $ | 446,565 |  | $ | 299,820
Schedule of Interest Rate Swap Agreements | As of December 31, 2017, we have the following interest rate swap agreements, including three forward starting swaps executed in 2015 that will become effective in 2018 upon expiration of the two existing swaps for $125 million. In addition, we executed four additional interest rate swaps in 2017 for $275 million, which became effective on January 30, 2018.
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 | %
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 | %
Schedule of Location and Amounts of Swaps in the Accompanying Consolidated Financial Statements | The following table provides information on the location and amounts of our swaps in the accompanying consolidated financial statements (in thousands):
|  | Interest Rate Swap Derivatives |
|  | Fair Value |  | Fair Value |
|  | December 31, |  | December 25, |
Balance Sheet Location |  | 2017 |  | 2016 |
Other current and long-term assets |  | $ | 651 |  | $ | — |
Other current and long-term liabilities |  | $ | — |  | $ | 770 |
Schedule of Effect of Derivative Instruments on the Accompanying Consolidated Financial Statements | The effect of derivative instruments on the accompanying consolidated financial statements is as follows (in thousands):
|  |  |  | Location of Gain |  | Amount of Gain |  |
Derivatives - |  |  |  |  | or (Loss) |  | or (Loss) |  | Total Interest Expense
Cash Flow |  | Amount of Gain |  | Reclassified |  | Reclassified |  | on Consolidated
Hedging |  | or (Loss) Recognized |  | from AOCL into |  | from AOCL into |  | Statements of
Relationships |  | in AOCL on Derivative |  | Income |  | Income |  | Income
Interest rate swaps: |  |  |  |  |  |  |  |  |
2017 |  | $ | 891 |  |  | Interest expense |  | $ | (421) |  | $ | (11,283)
2016 |  | $ | 940 |  |  | Interest expense |  | $ | (1,161) |  | $ | (7,397)
2015 |  | $ | (1,163) |  |  | Interest expense |  | $ | (1,563) |  | $ | (5,676)

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