Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.22.4
Debt (Tables)
 12 Months Ended
Dec. 29, 2022
Debt Disclosure [Abstract]  
Schedule of Long Term Debt
The following table summarizes the Company's long-term debt as of December 29, 2022 and December 30, 2021:
in thousands Maturity Date Interest Rate Per Annum at December 29,
2022 (1)		 December 29,
2022		 December 30,
2021
Credit Facilities:
Term Loan Facility February 14, 2027 6.09% Variable $ 204,499  $ 206,602 
Asset-based Loan Facility (“ABL”) August 4, 2027 5.45% Variable 210,200  — 
Total secured debt at par value 414,699  206,602 
Less: current maturities 2,103  2,103 
Long-term debt maturities 412,596  204,499 
Less: unamortized discount and debt issuance costs 7,045  8,737 
Total long-term debt $ 405,551  $ 195,762 
(1)The applicable interest rate for the Term Loan Facility as presented herein does not include the effect of interest rate cap agreements.
Schedule of Maturities of Debt
The following table summarizes scheduled maturities of the Company’s debt as of December 29, 2022:
in thousands Amount
2023 $ 2,103 
2024 2,103 
2025 2,103 
2026 2,629 
2027 405,761 
Total minimum debt payments $ 414,699 
Schedule of Components of Interest Expense
Components of interest expense are as follows for the periods presented:
Fiscal Year Ended
in thousands December 29,
2022		 December 30,
2021		 December 31,
2020
Total interest costs, net of interest income $ 14,942  $ 7,657  $ 9,606 
Interest capitalized 3,804  2,733  1,217 
Interest expense, net $ 11,138  $ 4,924  $ 8,389 
Schedule of Fair Value of Debt At December 29, 2022 and December 30, 2021, the fair values of the Company’s debt are as follows:
in thousands Fair Value Hierarchy Classification December 29,
2022		 December 30,
2021
Term Loan Facility Level 3 $ 196,575  $ 202,986 
ABL Facility Level 2 $ 210,200  $ — 
Total $ 406,775  $ 202,986