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Debt and Finance Leases (Tables)
3 Months Ended
Mar. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
As of March 30, 2024 and December 30, 2023, outstanding debt and finance leases consisted of the following:
March 30, 2024December 30, 2023
(In thousands)
Senior secured notes (1)
$300,000 $300,000 
Revolving credit facility (2)
— — 
Finance lease obligations (3)
292,067 285,426 
592,067 585,426 
Unamortized debt issuance costs(3,043)(3,246)
Unamortized bond discount costs(2,884)(3,011)
586,140 579,169 
Less: current portions of finance lease obligations12,157 11,178 
Total debt and finance lease obligations, net of current portions$573,983 $567,991 

(1)As of March 30, 2024 and December 30, 2023, long-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 our consolidated balance sheets at $294.1 million and $293.7 million as of March 30, 2024 and December 30, 2023, respectively. This presentation is net of discount of $2.9 million and $3.0 million and the combined carrying value of debt issuance costs of $3.0 million and $3.2 million as of March 30, 2024 and December 30, 2023, 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 on this revolving credit facility during the three months ended March 30, 2024 or fiscal year 2023. Available borrowing capacity under this revolving credit facility was $346.5 million as of March 30, 2024 and December 30, 2023. The available borrowing capacity reflects undrawn letters of credit.

(3) Refer to Note 8, Lease Commitments, for interest rates associated with finance lease obligations.