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Debt (Tables) | 6 Months Ended
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Jun. 26, 2022
Debt Disclosure [Abstract] |
Schedule of long-term debt, net | Long-term debt, net, consists of the following (in thousands):
| June 26, 2022 |  | December 26, 2021
Senior notes | $ | 400,000 |  | $ | 400,000
Revolving facilities | 145,000 |  | 90,000
Outstanding debt | $ | 545,000 |  | $ | 490,000
Unamortized debt issuance costs | (8,554) |  |  | (9,270) |
Total long-term debt, net | $ | 536,446 |  | $ | 480,730
Schedule of notional value of derivatives | As of June 26, 2022, we have the following interest rate swap agreements with a total notional value of $350.0 million:
Effective Dates |  | Floating Rate Debt |  | Fixed Rates
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 |  | $ | 50 million |  | 2.00%
Schedule of location and amounts of derivatives in the financial statements | The following table provides information on the location and amounts of our swaps in the accompanying condensed consolidated financial statements (in thousands):
|  | Interest Rate Swap Derivatives
Balance Sheet Location |  | Fair Value June 26, 2022 |  | Fair Value December 26, 2021
Other current and long-term assets |  | $ | 672 |  | $ | —
Other current and long-term liabilities |  | $ | — |  | $ | 5,536
Schedule of effect of derivatives on the financial statements | The effect of derivative instruments on the accompanying condensed consolidated financial statements is as follows (in thousands):
Derivatives - Cash Flow Hedging Relationships |  | Amount of Gain or (Loss) Recognized in AOCL on Derivative |  | Location of (Loss) or Gain Reclassified from AOCL into Income |  | Amount of (Loss) or Gain Reclassified from AOCL into Income |  | Total Net Interest Expense on Condensed Consolidated Statements of Operations
Interest rate swaps for the three months ended: |  |  |  |  |  |  |  |
June 26, 2022 |  | $ | 1,445 |  | Interest expense |  | $ | (735) |  | $ | (6,081) |
June 27, 2021 |  | $ | 1,399 |  | Interest expense |  | $ | (1,730) |  |  | $ | (3,649) |
Interest rate swaps for the six months ended: |  |  |  |  |  |  |  |
June 26, 2022 |  | $ | 2,763 |  | Interest Expense |  | $ | (200) |  |  | $ | (10,344) |
June 27, 2021 |  | $ | 2,781 |  | Interest Expense |  | $ | (3,439) |  |  | $ | (7,296) |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959 + Details
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