Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.20.4
Debt (Tables)
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Long Term Debt
The following table summarizes the Company's long-term debt as of December 31, 2020 and December 26, 2019 (dollars in thousands):
Maturity Date Interest Rate Per Annum at December 31,
2020
December 31,
2020
December 26,
2019
Credit Facilities:
UBS Facility Term Loan B February 14, 2027 2.15% Variable $ 143,179  $ 145,500 
UBS Facility Term Loan B-1 February 14, 2027 5.00% Variable 74,625  — 
Wells Facility Revolving Line of Credit February 14, 2025 3.50% Variable —  — 
Total secured debt at par value 217,804  145,500 
Less: current maturities 1,647  — 
Long-term debt maturities 216,157  145,500 
Less: unamortized discount and debt issuance costs 9,000  2,894 
Total long-term debt $ 207,157  $ 142,606 
Schedule of Maturities of Debt
The following table summarizes scheduled maturities of the Company’s debt, including current maturities, as of December 31, 2020:
in thousands Amount
2021 $ 1,647 
2022 2,196 
2023 2,196 
2024 2,196 
2025 2,384 
Thereafter (1) 207,185 
Total minimum debt payments $ 217,804 
(1)Thereafter maturities are comprised of $136.3 million due under the term loan B facility and $70.9 million due under the term loan B-1 facility through February 14, 2027.
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments At December 31, 2020 and December 26, 2019, the fair values of the Company’s debt are as follows (in thousands):
in thousands
December 31,
2020
December 26,
2019
Total debt at par value
$ 217,804  $ 145,500 
Less: unamortized discount and debt issuance costs
9,000  2,894 
Net carrying amount
208,804  142,606 
Fair value
$ 215,626  $ 145,136 
Schedule of Components of Interest Expense
Components of interest expense are as follows for the periods presented:
Fiscal Year Ended
in thousands
December 31,
2020
December 26,
2019
December 27,
2018
Total interest costs $ 9,606  $ 8,801  $ 8,917 
Interest capitalized 1,217  —  — 
Interest expense, net $ 8,389  $ 8,801  $ 8,917