Quarterly report [Sections 13 or 15(d)]

Debt (Tables)

v3.26.1
Debt (Tables)
 3 Months Ended
Mar. 26, 2026
Debt Disclosure [Abstract]  
Schedule of Long Term Debt
The following table summarizes the Company’s long-term debt as of March 26, 2026 and December 25, 2025:
dollars in thousands
 Maturity Date
Interest Rate Per Annum at March 26, 2026
 March 26, 2026 December 25, 2025
Credit Facilities:
Term Loan Facility (1)
February 14, 2027 5.67% Variable $ 197,665  $ 198,190 
Asset-based Loan Facility (“ABL Facility”) August 4, 2027 4.93% Variable —  — 
Total outstanding borrowings
 197,665  198,190 
Less: unamortized discount and debt issuance costs
 1,550  1,972 
Total long-term debt
 196,115  196,218 
Less: current portion of long-term debt
 196,115  2,629 
Total long-term debt, less current portion
 $ —  $ 193,589 
(1)The applicable interest rate for the Term Loan Facility as presented herein does not include the effect of the interest rate cap contract. Refer to Note 8, “Fair Value Measurements” for additional details related to the Company’s interest rate cap contract.
Schedule of Maturities of Debt
The following table summarizes scheduled maturities of the Company’s debt as of March 26, 2026:
in thousands Amount
Forty weeks ending December 31, 2026 $ 2,104 
2027 195,561 
Total minimum debt payments $ 197,665 
Schedule of Components of Interest Expense
Components of interest expense are as follows for the periods presented:
Thirteen Weeks Ended
in thousands March 26, 2026 March 27, 2025
Interest expense
 $ 3,975  $ 4,324 
Less:
Interest income
 2,050  1,579 
Capitalized interest
 792  1,197 
Interest expense, net $ 1,133  $ 1,548 
Schedule of Fair Value of Debt The estimated fair value and classification within the fair value hierarchy of the Term Loan Facility was as follows as of March 26, 2026 and December 25, 2025:
in thousands Fair Value Hierarchy Classification March 26, 2026 December 25, 2025
Term Loan Facility Level 3 $ 197,171  $ 197,943