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Long-Term Debt (Tables)

12 Months Ended

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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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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