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Convertible Senior Notes | 9 Months Ended
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Sep. 24, 2023
Convertible Notes [Abstract] |
Convertible Senior Notes | Convertible Senior Notes 2025 Notes - In connection with dividends paid during the thirty-nine weeks ended September 24, 2023, the conversion rate for the Company’s remaining convertible senior notes due 2025 (the “2025 Notes”) decreased to approximately $11.26 per share, which represents 88.783 shares of common stock per $1,000 principal amount of the 2025 Notes, or a total of approximately 9.303 million shares. The following table includes the outstanding principal amount and carrying value of the 2025 Notes as of the periods indicated:
(dollars in thousands) | SEPTEMBER 24, 2023 |  | DECEMBER 25, 2022
Principal | $ | 104,786 |  |  | $ | 105,000 |
Less: debt issuance costs | (1,342) |  |  | (1,939) |
Net carrying amount | $ | 103,444 |  |  | $ | 103,061 |
Following is a summary of interest expense for the 2025 Notes by component for the periods indicated:
| THIRTEEN WEEKS ENDED |  | THIRTY-NINE WEEKS ENDED
(dollars in thousands) | SEPTEMBER 24, 2023 |  | SEPTEMBER 25, 2022 |  | SEPTEMBER 24, 2023 |  | SEPTEMBER 25, 2022
Coupon interest | $ | 1,310 |  |  | $ | 1,313 |  |  | $ | 3,932 |  |  | $ | 6,785 |
Debt issuance cost amortization | 201 |  |  | 190 |  |  | 594 |  |  | 963 |
Total interest expense (1) | $ | 1,511 |  |  | $ | 1,503 |  |  | $ | 4,526 |  |  | $ | 7,748 |
________________ (1)The effective rate of the 2025 Notes over their expected life is 5.85%. The decrease in interest expense during the thirty-nine weeks ended September 24, 2023 relates to the 2025 Notes Partial Repurchase in May 2022. Based on the daily closing prices of the Company’s stock during the quarter ended September 24, 2023, the remaining holders of the 2025 Notes are eligible to convert their notes during the fourth quarter of 2023.

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- Definition Convertible Notes [Abstract] + References No definition available. + Details
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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//470/tableOfContent + Details
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