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Long-Term Debt (Tables) | 12 Months Ended
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Dec. 30, 2023
Debt Disclosure [Abstract] |
Summary of Debt Instruments | Long-term debt consists of the following:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | December 30, |  |  | December 31, |
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2023 |  |  | 2022 |
Senior secured revolving credit facility, due November 2027 | $ |  | 522,492 |  |  | $ |  | 445,880 |
Finance lease liabilities (Note 10) |  |  | 74,639 |  |  |  |  | 57,515 |
Other, 3.71% - 4.36%, due 2024 - 2033 |  |  | 4,743 |  |  |  |  | 4,813 |
Total debt - Principal |  |  | 601,874 |  |  |  |  | 508,208 |
Unamortized debt issuance costs |  |  | (4,394 | ) |  |  |  | (4,627 | )
Total debt |  |  | 597,480 |  |  |  |  | 503,581 |
Less current portion |  |  | 8,813 |  |  |  |  | 6,789 |
Total long-term debt and finance lease liabilities | $ |  | 588,667 |  |  | $ |  | 496,792 |
Schedule of Interest Rate Terms for Each of Aforementioned Tranches | Borrowings under the credit facility bear interest at the Company’s option as either SOFR loans or Base Rate loans, subject to a grid based upon Excess Availability. The interest rate terms for each of the aforementioned tranches are as follows:
Credit |  | Outstanding as of |  |  |  |  |  |
Facility |  | December 30, 2023 |  |  |  |  |  |
Tranche |  | (In thousands) |  |  | SOFR Rate |  | Base Rate
Tranche A |  | $ |  | 485,379 |  |  | SOFR plus 1.25% to 1.50% |  | Greater of: | (i) the Federal Funds Rate plus 0.75% to 1.00%
|  |  |  |  |  |  |  |  | (ii) the SOFR Rate plus 1.25% to 1.50%
|  |  |  |  |  |  |  |  | (iii) the prime rate plus 0.25% to 0.50%
Tranche A-1 |  | $ |  | 37,113 |  |  | SOFR plus 2.25% to 2.50% |  | Greater of: | (i) the Federal Funds Rate plus 1.75% to 2.00%
|  |  |  |  |  |  |  |  | (ii) the SOFR Rate plus 2.25% to 2.50%
|  |  |  |  |  |  |  |  | (iii) the prime rate plus 1.25% to 1.50%
Schedule of Aggregate Annual Maturities and Scheduled Payments of Long-term Debt | At December 30, 2023, aggregate annual maturities and scheduled payments of long-term debt are as follows:
(In thousands) | 2024 |  |  | 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 |  |  | Thereafter |  |  | Total |
Total borrowings | $ |  | 8,813 |  |  | $ |  | 8,693 |  |  | $ |  | 10,024 |  |  | $ |  | 530,098 |  |  | $ |  | 7,530 |  |  | $ |  | 36,716 |  |  | $ |  | 601,874 |

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