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v3.24.3

Debt (Tables) | 9 Months Ended
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Sep. 29, 2024
Debt Disclosure [Abstract] |
Schedule of long-term debt, net | Long-term debt, net, consists of the following (in thousands):
|  | September 29, 2024 |  | December 31, 2023
Senior notes |  | $ | 400,000 |  | $ | 400,000
Revolving facilities (a) |  | 332,412 |  | 364,000
Outstanding debt |  | $ | 732,412 |  | $ | 764,000
Unamortized debt issuance costs |  | (5,407) |  |  | (6,578) |
Current portion of long-term debt |  | (5,650) |  | —
Total long-term debt, net |  | $ | 721,355 |  | $ | 757,422
___________________________________ (a) Revolving facilities as of September 29, 2024 includes $5.7 million outstanding under the PJMF Revolving Facility as defined and discussed below.
Schedule of notional value of derivatives | As of September 29, 2024, 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 swaps in the accompanying condensed consolidated financial statements (in thousands):
|  | Interest Rate Swap Derivatives
Balance Sheet Location |  | Fair Value September 29, 2024 |  | Fair Value December 31, 2023
Prepaid and other current assets |  | $ | — |  | $ | 107
Accrued expenses and other current liabilities |  | $ | 479 |  | $ | —
Other long-term liabilities |  | $ | — |  | $ | 483
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: |  |  |  |  |  |  |  |
September 29, 2024 |  | $ | (820) |  | Interest expense |  | $ | 194 |  |  | $ | (10,629) |
September 24, 2023 |  | $ | 801 |  | Interest expense |  | $ | 203 |  |  | $ | (11,378) |
Interest rate swaps for the nine months ended: |  |  |  |  |  |  |  |
September 29, 2024 |  | $ | (80) |  | Interest expense |  | $ | 591 |  |  | $ | (32,588) |
September 24, 2023 |  | $ | 2,225 |  | Interest expense |  | $ | (40) |  |  | $ | (31,674) |

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