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Subsequent Events | 12 Months Ended
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Dec. 27, 2017
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events On February 15, 2018, we entered into additional interest rate swaps to hedge a portion of the forecasted cash flows of our floating rate debt. We designated the interest rate swaps as cash flow hedges of our exposure to variability in future cash flows attributable to payments of LIBOR due on a related $80 million notional debt obligation beginning March 31, 2020 increasing over time to $425 million through December 30, 2033. Based on the interest rate as determined by our consolidated leverage ratio in effect as of February 15, 2018, under the terms of these swaps, we will pay a fixed rate of 5.19% on the notional amount from March 27, 2020 through November 30, 2033 and receive payments during these periods from a counterparty based on the 30-day LIBOR rate. These swaps overlap with and are in addition to our current interest rate swaps. See Note 10.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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