XML 66 R44.htm IDEA: XBRL DOCUMENT v3.24.0.1
Long-term Debt, Net (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of long-term debt, net
Following is a summary of outstanding long-term debt, net, as of the periods indicated:
DECEMBER 31, 2023DECEMBER 25, 2022
(dollars in thousands)OUTSTANDING BALANCEINTEREST RATEOUTSTANDING BALANCEINTEREST RATE
Senior secured credit facility - revolving credit facility (1)$381,000 6.96 %$430,000 5.79 %
2025 Notes104,786 5.00 %105,000 5.00 %
2029 Notes300,000 5.13 %300,000 5.13 %
Less: unamortized debt discount and issuance costs(5,067)(6,493)
Long-term debt, net$780,719 $828,507 
________________
(1)Interest rate represents the weighted average interest rate as of the respective periods.
Schedule of interest rate options The interest rate spreads are as follows:
BASE RATE ELECTIONADJUSTED TERM SOFR ELECTION
Revolving credit facility
50 to 150 basis points over the Base Rate
150 to 250 basis points over the Adjusted Term SOFR
Schedule of maturities of long-term debt Following is a summary of principal payments of the Company’s total consolidated debt outstanding as of the period indicated:
(dollars in thousands)DECEMBER 31, 2023
2024$— 
2025104,786 
2026381,000 
2027— 
2028— 
Thereafter300,000 
Total payments785,786 
Less: unamortized debt discount and issuance costs(5,067)
Total principal payments$780,719