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Debt (Tables) | 12 Months Ended
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Dec. 29, 2024
Debt Disclosure [Abstract] |
Schedule of long-term debt, net | Long-term debt, net consists of the following (in thousands):
|  | December 29, 2024 |  | December 31, 2023
Senior notes |  | $ | 400,000 |  |  | $ | 400,000 |
Revolving facilities |  | 346,732 |  |  | 364,000 |
Outstanding debt |  | 746,732 |  |  | 764,000 |
Unamortized debt issuance costs |  | (5,082) |  |  | (6,578) |
Total long-term debt, net |  | $ | 741,650 |  |  | $ | 757,422 |
Schedule of notional value of derivatives | As of December 29, 2024, we have the following interest rate swap agreements with a total notional value of $100.0 million:
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 | The following table provides information on the location and amounts of our swaps in the accompanying Consolidated Balance Sheets (in thousands):
|  | Interest Rate Swap Derivatives
Balance Sheet Location |  | Fair Value December 29, 2024 |  | Fair Value December 31, 2023
Prepaid expenses and other current assets |  | $ | — |  |  | $ | 107 |
Accrued expense and other current liabilities |  | $ | 161 |  |  | $ | — |
Other long-term liabilities |  | $ | — |  |  | $ | 483 |
Schedule of effect of derivative instruments financial statements | The effect of derivative instruments on the accompanying 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 |  | Net Interest Expense on Consolidated Statements of Operations
Interest rate swaps:
2024 |  | $ | 167 |  |  | Net interest expense |  | $ | 632 |  |  | $ | (42,578) |
2023 |  | $ | 1,125 |  |  | Net interest expense |  | $ | 173 |  |  | $ | (43,469) |
2022 |  | $ | 3,663 |  |  | Net interest expense |  | $ | (2,384) |  |  | $ | (25,261) |

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