XML 32 R22.htm IDEA: XBRL DOCUMENT v3.22.2

COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Jun. 26, 2022

Commitments and Contingencies Disclosure [Abstract]

Schedule of workers’ compensation collateral commitments

We have provided our insurance carriers and certain states with commitments in the form and amounts listed below:

(in thousands)			June 26, 2022			December 26, 2021
Cash collateral held by workers’ compensation insurance carriers			$	23,332		$	23,056
Cash and cash equivalents held in Trust			27,745			21,590
Investments held in Trust			121,447			135,419
Letters of credit (1)			6,160			6,160
Surety bonds (2)			21,898			21,969
Total collateral commitments			$	200,582		$	208,194

(1)We have agreements with certain financial institutions to issue letters of credit as collateral.

(2)Our surety bonds are issued by independent insurance companies on our behalf and bear annual fees based on a percentage of the bond, which are determined by each independent surety carrier. These fees do not exceed 2.0% of the bond amount, subject to a minimum charge. The terms of these bonds are subject to review and renewal every one to four years and most bonds can be canceled by the sureties with as little as 60 days’ notice.

X

- References

No definition available.

+ Details

Name:	us-gaap_CommitmentsAndContingenciesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information about obligations resulting from other commitments.

+ References

No definition available.

+ Details

Name:	us-gaap_OtherCommitmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration