Long-Term Debt (Tables)

9 Months Ended

12 Months Ended

Sep. 24, 2022

Dec. 25, 2021

The following table summarizes the Company’s debt:


	September 24, 2022		December 25, 2021
Revolving loans	$	100,000	$	93,000
Senior term loan, due 2028	844,618		851,000
Finance leases	4,826		1,782
Other financing 1	1,809		—
	951,253		945,782
Unamortized discount on Senior term loan	(5,246)		(5,948)
Current portion of long-term debt and financing lease liabilities	(12,805)		(11,404)
Deferred finance fees	(19,387)		(21,899)
Total long-term debt, net	$	913,815	$	906,531

Schedule of Extinguishment of Debt [Table Text Block]

Additionally, the Company recorded a loss (gain) on extinguishment of debt for each debt instrument included in the refinancing as detailed below. The Company amended its interest rate swaps in connection with the refinancing, see Note 16 - Derivatives and Hedging for additional details.


	Loss (gain) on extinguishment of debt
Term Credit Agreement	$	20,243
ABL Revolver	288
6.375% Senior Notes, due 2022	1,083
11.6% Junior Subordinated Debentures	(13,603)
Interest rate swaps	59
Total	$	8,070

Additional information with respect to the fair value of the Company’s fixed rate Senior Notes and Junior Subordinated Debentures is included in Note 17 - Fair Value Measurements.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details