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Debt and Finance Leases (Tables)
 12 Months Ended
Dec. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
As of December 30, 2023, and December 31, 2022, outstanding debt and finance leases consisted of the following:
December 30, 2023December 31, 2022
(In thousands)
Senior secured notes (1)
$300,000 $300,000 
Revolving credit facility (2)
— — 
Finance lease obligations (3)
285,426 273,075 
585,426 573,075 
Unamortized debt issuance costs (4)
(3,246)(4,057)
Unamortized bond discount costs (4)
(3,011)(3,519)
579,169 565,499 
Less: current portions of finance leases11,178 7,089 
Total debt and finance leases, net of current portions$567,991 $558,410 
(1) As of December 30, 2023 and December 31, 2022, long-term term debt was comprised of $300.0 million of senior secured notes issued in October 2021. These notes are presented under the long-term debt caption of the Company’s consolidated balance sheets at $293.7 million and $292.4 million as of December 30, 2023 and December 31, 2022, respectively. This presentation is net of discount of $3.0 million and $3.5 million and the combined carrying value of debt issuance costs of $3.2 million and $4.1 million as of December 30, 2023 and December 31, 2022, respectively. The senior secured notes are presented in the above table at face value and have an annual interest rate of 6.0% through maturity.
(2) No borrowings were outstanding during fiscal 2023 or fiscal 2022. Available borrowing capacity under this revolving credit facility was $346.5 million and $346.5 million on December 30, 2023 and December 31, 2022, respectively. The available borrowing capacity reflects undrawn letters of credit.
(3) Refer to Note 13, Lease Commitments, for interest rates associated with finance lease obligations.
(4) Interest expense, net on the Company’s consolidated statement of operations for fiscal 2023 and 2022 reflects amortization of debt issuance costs and bond discount costs of $1.3 million and $1.2 million, respectively.