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Debt and Finance Lease Obligations (Tables)
 9 Months Ended
Sep. 28, 2024
Debt Disclosure [Abstract]  
Schedule of Debt and Finance Lease Obligations
As of September 28, 2024 and December 30, 2023, debt and finance lease obligations consisted of the following:
September 28, 2024December 30, 2023
(In thousands)
Senior Secured Notes (“2029 Notes”) (1)
$300,000 $300,000 
Revolving Credit Facility (2)
— — 
Finance lease obligations (3)
293,810 285,426 
593,810 585,426 
Unamortized debt issuance costs(2,629)(3,246)
Unamortized bond discount costs(2,638)(3,011)
588,543 579,169 
Less: current portion of finance lease obligations12,547 11,178 
Total, net of current portion$575,996 $567,991 

(1) As of September 28, 2024 and December 30, 2023, long-term debt was comprised of $300 million of Senior Secured Notes (“2029 Notes”) issued in October 2021. These notes are presented under the Long-term debt caption of the Company’s unaudited condensed consolidated balance sheets at $294.7 million and $293.7 million as of September 28, 2024 and December 30, 2023, respectively. This balance sheet presentation is net of unamortized discount of $2.6 million and $3.0 million, respectively, and unamortized debt issuance costs of $2.6 million and $3.2 million, respectively, as of September 28, 2024 and December 30, 2023. The Senior Secured Notes are presented in this table at their face value.

(2) Available borrowing capacity under the Revolving Credit Facility was $346.5 million as of September 28, 2024 and December 30, 2023. The available borrowing capacity reflects undrawn letters of credit.

(3) Refer to Note 8, Leases, for interest rates associated with finance lease obligations. Amounts on this line include $125.1 million and $125.0 million as of September 28, 2024 and December 30, 2023, respectively, for sale-leasebacks of real estate in fiscal 2019 and 2020 that did not qualify for sale treatment for accounting purposes.


Interest expense, net on the Company’s unaudited condensed consolidated statements of operations consisted of the following components:
Three Months EndedNine Months Ended
September 28, 2024September 30, 2023September 28, 2024September 30, 2023
(In thousands)
Interest expense$11,668 $11,394 $35,958 33,977 
Interest income7,049 5,817 21,914 14,402 
Interest expense, net$4,619 $5,577 $14,044 $19,575