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Long-Term Debt (Tables)

12 Months Ended

Dec. 27, 2023

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt consisted of the following:

			December 27, 2023						December 28, 2022
			(In thousands)
Revolving loans			$	255,500					$	261,500
Finance lease obligations			10,533						11,238
Total long-term debt			266,033						272,738
Less current maturities of finance lease obligations			1,383						1,683
Noncurrent portion of long-term debt			$	264,650					$	271,055

Schedule of Interest Rate Swaps

A summary of our interest rate swaps as of December 27, 2023 is as follows:

Trade Date						Effective Date						Maturity Date						Notional Amount						Fair Value						Fixed Rate
																		(In thousands)
Swaps designated as cash flow hedges
March 20, 2015						March 29, 2018						March 31, 2025						$	120,000					$	3,162					2.34		%
October 1, 2015						March 29, 2018						March 31, 2026						$	50,000					$	1,680					2.37		%
February 15, 2018						March 31, 2020						December 31, 2033						$	37,000		(1)			$	4,046					3.09		%
Total																		$	207,000					$	8,888

(1)     The notional amount of the swaps entered into on February 15, 2018 increase periodically until they reach the maximum notional amount of $335 million on August 31, 2033.

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