Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.22.0.1
Debt (Tables)
 12 Months Ended
Dec. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Long Term Debt
The following table summarizes the Company's long-term debt as of December 30, 2021 and December 31, 2020:
in thousands Maturity Date Interest Rate Per Annum at December 30,
2021		 December 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 Variable —  74,625 
Total secured debt at par value 206,602  217,804 
Less: current maturities 2,103  1,647 
Long-term debt maturities 204,499  216,157 
Less: unamortized discount and debt issuance costs 8,737  9,000 
Total long-term debt $ 195,762  $ 207,157 
n/a - not applicable
Schedule of Maturities of Debt
The following table summarizes scheduled maturities of the Company’s debt, including current maturities, as of December 30, 2021:
in thousands Amount
2022 $ 2,103 
2023 2,103 
2024 2,103 
2025 2,103 
2026 2,629 
Thereafter 195,561 
Total minimum debt payments $ 206,602 
Schedule of Components of Interest Expense
Components of interest expense are as follows for the periods presented:
Fiscal Year Ended
in thousands December 30,
2021		 December 31,
2020		 December 26,
2019
Total interest costs, net of interest income $ 7,657  $ 9,606  $ 8,801 
Interest capitalized $ 2,733  $ 1,217  $ — 
Interest expense, net $ 4,924  $ 8,389  $ 8,801 
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments At December 30, 2021 and December 31, 2020, the fair values of the Company’s debt are as follows:
in thousands
 December 30,
2021		 December 31,
2020
Total debt at par value
 $ 206,602  $ 217,804 
Less: unamortized discount and debt issuance costs
 8,737  9,000 
Net carrying amount
 197,865  208,804 
Fair value
 $ 202,986  $ 215,626