Floor & Decor Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

Debt (Tables)

9 Months Ended

Sep. 30, 2021

The following table summarizes the Company’s long-term debt as of September 30, 2021 and December 31, 2020:


in thousands	Maturity Date	Interest Rate Per Annum at September 30, 2021		September 30, 2021		December 31, 2020
Credit Facilities:
Term Loan B	February 14, 2027	2.09%	Variable	$	206,602	$	143,179
Term Loan B-1	February 14, 2027	n/a	n/a	—		74,625


Total secured debt at par value				206,602		217,804
Less: current maturities				1,577		1,647
Long-term debt maturities				205,025		216,157
Less: unamortized discount and debt issuance costs				9,160		9,000
Total long-term debt				$	195,865	$	207,157
Total debt at fair value				$	204,536	$	215,626

Schedule of Maturities of Debt

The following table summarizes scheduled maturities of the Company’s debt, including current maturities, as of September 30, 2021:


in thousands	Amount
Thirteen weeks ending December 30, 2021	$	—
2022	2,103
2023	2,103
2024	2,103
2025	2,103
Thereafter	198,190
Total minimum debt payments	$	206,602

Schedule of Components of Interest Expense

Components of interest expense are as follows for the periods presented:


	Thirteen Weeks Ended				Thirty-nine Weeks Ended
in thousands	September 30, 2021		September 24, 2020		September 30, 2021		September 24, 2020
Total interest costs	$	1,906	$	2,489	$	5,737	$	6,915
Interest capitalized	782		465		1,932		781
Interest expense, net	$	1,124	$	2,024	$	3,805	$	6,134

- Definition

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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+ Details