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v3.23.2

Debt (Tables) | 6 Months Ended
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Jun. 25, 2023
Debt Disclosure [Abstract] |
Schedule of long-term debt, net | Long-term debt, net, consists of the following (in thousands):
|  | June 25, 2023 |  | December 25, 2022
Senior notes |  | $ | 400,000 |  | $ | 400,000
Revolving facilities (a) |  | 391,529 |  | 205,000
Outstanding debt |  | $ | 791,529 |  | $ | 605,000
Unamortized debt issuance costs |  | (7,180) |  |  | (7,931) |
Current portion of long-term debt |  | (15,529) |  | —
Total long-term debt, net |  | $ | 768,820 |  | $ | 597,069
___________________________________ (a) Revolving facilities as of June 25, 2023 includes $15.5 million outstanding under the PJMF Revolving Facility as defined and discussed below.
Schedule of notional value of derivatives | As of June 25, 2023, we have the following interest rate swap agreements:
Effective Dates |  | Floating Rate Debt |  | Fixed Rates
June 23, 2023 through June 30, 2025 |  | $ | 50 million |  | 4.55%
June 23, 2023 through June 30, 2025 |  | $ | 50 million |  | 4.55%
Schedule of location and amounts of derivatives in the financial statements | The following table provides information on the location and amounts of our current and expired swaps in the accompanying condensed consolidated financial statements (in thousands):
|  | Interest Rate Swap Derivatives
Balance Sheet Location |  | Fair Value June 25, 2023 |  | Fair Value December 25, 2022
Other current assets |  | $ | — |  | $ | 986
Other long-term liabilities |  | $ | 15 |  | $ | —
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 25, 2023 |  | $ | 1,165 |  | Interest expense |  | $ | (36) |  |  | $ | (11,275) |
June 26, 2022 |  | $ | 1,445 |  | Interest expense |  | $ | (735) |  |  | $ | (6,081) |
Interest rate swaps for the six months ended: |  |  |  |  |  |  |  |
June 25, 2023 |  | $ | 1,424 |  | Interest Expense |  | $ | (243) |  |  | $ | (20,296) |
June 26, 2022 |  | $ | 2,763 |  | Interest Expense |  | $ | (200) |  |  | $ | (10,344) |

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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 -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A + Details
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