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WORKERS' COMPENSATION INSURANCE AND RESERVES (Tables)
 12 Months Ended
Dec. 26, 2021
Workers' Compensation Insurance and Reserves [Abstract]  
Reconciliation of Workers' Compensation Claims Reserve
The following table presents a reconciliation of the undiscounted workers’ compensation reserve to the discounted workers’ compensation reserve for the periods presented:
(in thousands)December 26,
2021		December 27,
2020
Undiscounted workers’ compensation reserve$273,000 $273,502 
Less discount on workers’ compensation reserve16,806 18,009 
Workers’ compensation reserve, net of discount256,194 255,493 
Less current portion61,596 66,007 
Long-term portion$194,598 $189,486 
Allowance for Insurance Receivable
The activity related to the insurance receivable allowance for credit losses was as follows:
(in thousands)202120202019
Beginning balance$85 $629 $3,314 
Cumulative-effect adjustment (1)— 72 — 
Charged to expense13 13 120 
Release of allowance— (629)(2,805)
Ending balance$98 $85 $629 
(1)As a result of our adoption of the accounting standard for credit losses, we recognized a cumulative-effect adjustment to our insurance receivable valuation allowance of $0.1 million as of the beginning of the first quarter of 2020. Refer to Note 1: Summary of Significant Accounting Policies for further details.
Estimated Future Payout of our Discounted Workers' Compensation Claims
The table below presents the estimated future payout of our discounted workers’ compensation claims reserve for the next five years and thereafter as of December 26, 2021:
(in thousands)
2022$61,596 
202332,921 
202419,117 
202512,694 
20269,363 
Thereafter57,819 
Sub-total193,510 
Excess claims (1)62,684 
Total$256,194 
(1)Estimated expenses related to claims above our self-insured limits for which we have a corresponding receivable for the insurance coverage based on contractual policy agreements.