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Long-Term Debt (Tables) | 12 Months Ended
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Dec. 28, 2024
Debt Disclosure [Abstract] |
Summary of Debt Instruments | Long-term debt consists of the following:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | December 28, |  |  | December 30, |
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2024 |  |  | 2023 |
Senior secured revolving credit facility, due November 2027 | $ |  | 627,247 |  |  | $ |  | 522,492 |
Finance lease liabilities (Note 11) |  |  | 125,778 |  |  |  |  | 74,639 |
Other, 3.71% - 4.36%, due 2026 - 2033 |  |  | 4,120 |  |  |  |  | 4,743 |
Total debt - Principal |  |  | 757,145 |  |  |  |  | 601,874 |
Unamortized debt issuance costs |  |  | (3,338 | ) |  |  |  | (4,394 | )
Total debt |  |  | 753,807 |  |  |  |  | 597,480 |
Less current portion |  |  | 12,838 |  |  |  |  | 8,813 |
Total long-term debt and finance lease liabilities | $ |  | 740,969 |  |  | $ |  | 588,667 |
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 28, 2024 |  |  |  |  |  |
Tranche |  | (In thousands) |  |  | SOFR Rate |  | Base Rate
Tranche A |  | $ |  | 591,400 |  |  | 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 |  | $ |  | 35,847 |  |  | 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 28, 2024, aggregate annual maturities and scheduled payments of long-term debt are as follows:
(In thousands) | 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 |  |  | 2029 |  |  | Thereafter |  |  | Total |
Total borrowings | $ |  | 12,838 |  |  | $ |  | 14,730 |  |  | $ |  | 639,451 |  |  | $ |  | 12,273 |  |  | $ |  | 12,142 |  |  | $ |  | 65,711 |  |  | $ |  | 757,145 |

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