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WORKERS' COMPENSATION INSURANCE AND RESERVES (Tables)
12 Months Ended
Dec. 31, 2023
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 31,
2023
December 25,
2022
Undiscounted workers’ compensation reserve$214,611 $270,468 
Less discount on workers’ compensation reserve18,096 19,458 
Workers’ compensation reserve, net of discount196,515 251,010 
Less current portion44,866 50,005 
Long-term portion$151,649 $201,005 
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 31, 2023:
(in thousands)
2024$44,866 
202523,494 
202613,764 
20279,193 
20286,705 
Thereafter43,566 
Sub-total141,588 
Excess claims (1)54,927 
Total$196,515 
(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.