Annual report pursuant to Section 13 and 15(d)

Derivatives and Risk Management (Tables)

v3.22.0.1
Derivatives and Risk Management (Tables)
 12 Months Ended
Dec. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Position
Derivative Position as of December 30, 2021:
in thousands
Notional Balance
Final Maturity
Date
Other
Assets
AOCI, Net
of Tax
Designated as hedges:
Interest rate cap (cash flow hedge) $ 75,000  U.S. dollars April 2024 $ 262  $ (106)
Interest rate cap (cash flow hedge) $ 75,000  U.S. dollars April 2024 $ 262  $ (108)
Interest rate cap (cash flow hedge) $ 102,500  U.S. dollars December 2021 $ —  $ (272)
Not designated as hedges:
Interest rate cap $ 102,500  U.S. dollars December 2021 $ —  $ (49)
Derivative Position as of December 31, 2020:
in thousands
Notional Balance
Final Maturity
Date
Other
Assets
AOCI, Net
of Tax
Designated as hedges:
Interest rate cap (cash flow hedge) $ 102,500  U.S. dollars December 2021 $ —  $ (89)
Not designated as hedges:
Interest rate cap $ 102,500  U.S. dollars December 2021 $ —  $ (75)
Schedule of Gains (Losses) Related to Our Designated Hedge Contracts
Gains (losses) related to designated hedge contracts are as follows:
Effective Portion Recognized in
Other Comprehensive Income (Loss)
Fiscal Year Ended
in thousands December 30,
2021		 December 31,
2020		 December 26,
2019
Interest rate cap (cash flow hedge) $ 371  $ 357  $ (379)