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Long-term Debt, Net (Tables)
 12 Months Ended
Dec. 27, 2015
Debt instrument [Line Items]  
Schedule of long-term debt, net
Following is a summary of outstanding long-term debt:
 
DECEMBER 27, 2015
 
DECEMBER 28, 2014
(dollars in thousands)
OUTSTANDING BALANCE
 
INTEREST RATE
 
OUTSTANDING BALANCE
 
INTEREST RATE
Senior Secured Credit Facility:
 
 
 
 
 
 
 
Term loan A (1)
$
277,500

 
2.26
%
 
$
296,250

 
2.16
%
Term loan A-1
150,000

 
2.34
%
 
—

 
—
%
Term loan B
—

 
—
%
 
225,000

 
3.50
%
Revolving credit facility (1) (2)
432,000

 
2.29
%
 
325,000

 
2.16
%
Total Senior Secured Credit Facility
859,500

 
 
 
846,250

 
 
2012 CMBS loan:
 
 
 
 
 
 
 
First mortgage loan (1)
289,588

 
4.13
%
 
299,765

 
4.08
%
First mezzanine loan
84,028

 
9.00
%
 
85,127

 
9.00
%
Second mezzanine loan
85,353

 
11.25
%
 
86,067

 
11.25
%
Total 2012 CMBS loan
458,969

 
 
 
470,959

 
 
Capital lease obligations
2,632

 
 
 
634

 
 
Other long-term debt
2,292

 
0.73% to 7.60%

 
4,073

 
0.52% to 7.00%

Less: unamortized debt discount
(3,061
)
 
 
 
(6,073
)
 
 
Less: unamortized debt issuance costs
(3,468
)
 
 
 
(6,046
)
 
 
Total debt, net
1,316,864

 
 
 
1,309,797

 
 
Less: current portion of long-term debt, net
(31,853
)
 
 
 
(24,138
)
 
 
Long-term debt, net
$
1,285,011

 
 
 
$
1,285,659

 
 
________________
(1)
Represents the weighted-average interest rate for the respective period.
(2)
Subsequent to December 27, 2015, the Company made payments of $70.0 million on its revolving credit facility. On February 11, 2016, the Company drew $185.0 million. The drawdowns, together with the proceeds from the PRP Mortgage Loan, were used to prepay a portion, and fully defease the remainder, of the 2012 CMBS loan. See Note 22 - Subsequent Events for additional details regarding the PRP Mortgage Loan.
Schedule of interest rate options, senior secured credit facility
The interest rates are as follows:
 
BASE RATE ELECTION
 
EUROCURRENCY RATE ELECTION
Term loan A, Term loan A-1 and revolving credit facility
75 to 125 basis points over Base Rate
 
175 to 225 basis points over the Eurocurrency Rate
Schedule of extinguishment and modification of debt
Following is a summary of loss on extinguishment and modification of debt recorded in the Company’s Consolidated Statements of Operations and Comprehensive Income:
 
FISCAL YEAR
(dollars in thousands)
2015 (1)
 
2014 (2)
 
2013 (3)
Refinancing of Senior Secured Credit Facility
$
2,956

 
$
11,092

 
$
—

Repricing of Term loan B
—

 
—

 
14,586

Loss on extinguishment and modification of debt
$
2,956

 
$
11,092

 
$
14,586

________________
(1)
The loss was comprised of write-offs of $1.4 million of deferred financing fees, $1.2 million of unamortized debt discount and third-party financing costs of $0.3 million.
(2)
The loss was comprised of write-offs of $5.5 million of deferred financing fees and $4.9 million of unamortized debt discount and a prepayment penalty of $0.7 million.
(3)
The loss was comprised of a prepayment penalty of $9.8 million, third-party financing costs of $2.4 million and the write-down of $1.2 million each of deferred financing fees and unamortized debt discount.
Schedule of deferred financing costs
Following is a summary of the Company’s deferred financing costs recorded during the periods indicated and their classification on the Consolidated Balance Sheets:
 
FISCAL YEAR 2015
 
FISCAL YEAR 2014
 
CONSOLIDATED BALANCE SHEET CLASSIFICATION
(dollars in thousands)
FIFTH AMENDMENT
 
FOURTH AMENDMENT
 
THIRD AMENDMENT
 
Revolving credit facility
$
—

 
$
1,260

 
$
2,507

 
Other assets, net
Term loan A
—

 
—

 
1,253

 
Long-term debt, net
Term loan A-1
750

 
—

 
—

 
Long-term debt, net
 
$
750

 
$
1,260

 
$
3,760

 
 
Schedule of maturities of long-term debt
Following is a summary of principal payments of the Company’s total consolidated debt outstanding as of December 27, 2015:
(dollars in thousands)
DECEMBER 27,
2015
Year 1
$
31,853

Year 2
479,176

Year 3
36,985

Year 4
766,507

Year 5
439

Thereafter
1,904

Total (1)
$
1,316,864


________________
(1)
See Note 22 - Subsequent Events for additional details regarding the payment schedule for the PRP Mortgage Loan.
Term Loan A and Term Loan A-1 Facilities [Member]  
Debt instrument [Line Items]  
Schedule of required amortization payments for term loans A and A-1
The following is a summary of required amortization payments for Term loan A and Term loan A-1 (dollars in thousands):
SCHEDULED QUARTERLY PAYMENT DATES
 
TERM LOAN A
 
TERM LOAN A-1
March 31, 2016 through June 30, 2016
 
$
3,750

 
$
1,875

September 30, 2016 through June 30, 2018
 
$
5,625

 
$
2,813

September 30, 2018 through March 31, 2019
 
$
7,500

 
$
3,750