Quarterly report [Sections 13 or 15(d)]

Debt (Tables)

v3.26.3
Debt (Tables)
 9 Months Ended
Sep. 24, 2026
Debt Disclosure [Abstract]  
Schedule of Long Term Debt
The following table summarizes the Company’s long-term debt as of September 24, 2026 and December 25, 2025:
dollars in thousands
Interest Rate Per Annum at September 24, 2026
 September 24, 2026 December 25, 2025
Credit Facilities:
2026 Term Loan Facility 5.90% Variable $ 200,000  $ — 
2016 Term Loan Facility —  198,190 
2026 ABL Facility 5.02% Variable —  — 
2016 ABL Facility —  — 
Total outstanding borrowings
 200,000  198,190 
Less: unamortized discount and debt issuance costs
 4,467  1,972 
Total long-term debt
 195,533  196,218 
Less: current portion of long-term debt
 2,000  2,629 
Total long-term debt, less current portion
 $ 193,533  $ 193,589 
Schedule of Maturities of Debt
The following table summarizes scheduled maturities of the Company’s debt as of September 24, 2026:
in thousands Amount
Fourteen weeks ending December 31, 2026 $ 1,000 
2027 1,500 
2028 2,000 
2029 2,000 
2030 2,000 
Thereafter 191,500 
Total minimum debt payments $ 200,000 
Schedule of Components of Interest Expense
Components of interest (income) expense, net are as follows for the periods presented:
Thirteen Weeks Ended Thirty-nine Weeks Ended
in thousands September 24, 2026 September 25, 2025 September 24, 2026 September 25, 2025
Interest expense
 $ 3,882  $ 4,311  $ 11,788  $ 12,862 
Less:
Interest income (1)
3,594  1,952  11,318  5,488 
Capitalized interest
 670  1,768  1,997  4,159 
Interest (income) expense, net $ (382) $ 591  $ (1,527) $ 3,215 
(1)For the thirteen weeks ended September 24, 2026 and the thirteen and thirty-nine weeks ended September 25, 2025, the amount includes interest income related to the Company’s cash on hand. For the thirty-nine weeks ended September 24, 2026, the amount includes interest income related to the Company’s cash on hand and statutory interest on International Emergency Economic Powers Act (“IEEPA”) tariff refunds.
Schedule of Fair Value of Debt The estimated fair value and classification within the fair value hierarchy of the 2026 Term Loan Facility and 2016 Term Loan Facility was as follows as of September 24, 2026 and December 25, 2025, respectively:
in thousands Fair Value Hierarchy Classification September 24, 2026 December 25, 2025
2026 Term Loan Facility Level 3 $ 200,250  $ — 
2016 Term Loan Facility Level 3 $ —  $ 197,943