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, 2026December 25, 2025
Credit Facilities:
2026 Term Loan Facility5.90%Variable$200,000 $— 
2016 Term Loan Facility— 198,190 
2026 ABL Facility5.02%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 thousandsAmount
Fourteen weeks ending December 31, 2026$1,000 
20271,500 
20282,000 
20292,000 
20302,000 
Thereafter191,500 
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 EndedThirty-nine Weeks Ended
in thousandsSeptember 24, 2026September 25, 2025September 24, 2026September 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 thousandsFair Value Hierarchy ClassificationSeptember 24, 2026December 25, 2025
2026 Term Loan FacilityLevel 3$200,250 $— 
2016 Term Loan FacilityLevel 3$— $197,943