Annual report pursuant to Section 13 and 15(d)

Borrowings (Tables)

v3.22.4
Borrowings (Tables)
 12 Months Ended
Dec. 25, 2022
Debt Disclosure [Abstract]  
Schedule of borrowings
Borrowings as of December 25, 2022 and December 26, 2021 are summarized below:
December 25, 2022 December 26, 2021
(Dollars in thousands) Borrowings Weighted
Average
Interest Rate		 Borrowings Weighted
Average
Interest Rate
Revolving line of credit $ 15,000  $ 57,000 
Term loan 199,000  9.10  % 119,080  7.10  %
Notes payable 875  875 
Total borrowings 214,875  176,955 
Less: unamortized debt issuance costs and discounts(1)
8,345  — 
Less: current portion of long-term debt 3,375  9,692 
Long-term debt $ 203,155  $ 167,263 
Revolving line of credit unamortized deferred financing charges(1):
$ 988  $ 2,015 
(1)     Loan origination costs associated with the Company's Credit Facility are included as deferred costs in Other assets, net for financing charges allocated to the Revolving line of credit, and Long-term debt for financing charges associated with the term loan in the accompanying Consolidated Balance Sheets.
Schedule of maturities of long-term debt
Maturities of long-term debt as of December 25, 2022 are as follows (in thousands):
2023(1)
$ 2,500 
2024 2,000 
2025 2,000 
2026 2,000 
2027 205,500 
Thereafter — 
$ 214,000 
(1)     A typical fiscal year includes four principal payments of $0.5 million for a total of $2.0 million associated with the term loan; however, as fiscal year 2023, comprises 53 weeks instead of 52 weeks, there will be one additional principal payment in 2023 compared to fiscal year 2022. See Note 1. Description of Business and Summary of Significant Accounting Policies for details on our fiscal calendar.