v3.24.1.1.u2
Debt and Other Obligations (Tables)
 4 Months Ended
Apr. 20, 2024
Long Term Debt (Net of Issuance Costs and Debt Discounts Excluding Line-of-credit Arrangements)

Long-term debt (net of issuance costs and debt discounts excluding line-of-credit arrangements) (leases are separately discussed in Note 5, Leases) consisted of the following at April 20, 2024 and December 30, 2023, respectively (amounts in thousands):

 

 

 

April 20, 2024

 

 

December 30, 2023

 

Unsecured credit facility

 

$

—

 

 

$

—

 

2031 notes

 

 

494,947

 

 

 

494,723

 

2026 notes

 

 

398,596

 

 

 

398,421

 

Accounts receivable repurchase facility

 

 

150,000

 

 

 

155,000

 

 

 

 

1,043,543

 

 

 

1,048,144

 

Less current maturities of long-term debt

 

 

—

 

 

 

—

 

Total long-term debt

 

$

1,043,543

 

 

$

1,048,144

 
Aggregate Maturities of Debt Outstanding

Aggregate maturities of debt outstanding as of April 20, 2024 are as follows (excluding unamortized debt discount and issuance costs) (amounts in thousands):

 

Remainder of 2024

 

$

—

 

2025

 

 

—

 

2026

 

 

550,000

 

2027

 

 

—

 

2028

 

 

—

 

2029 and thereafter

 

 

500,000

 

Total

 

$

1,050,000

 
Reconciliation of Debt Issuance Costs and Debt Discounts to the Net Carrying Value for Each Debt Obligation (Excluding Line of Credit Arrangements) The table below reconciles the debt issuance costs and debt discounts to the net carrying value of each of our debt obligations (excluding line-of-credit arrangements) at April 20, 2024 (amounts in thousands):

 

 

 

 

 

 

Debt Issuance Costs

 

 

 

 

 

 

Face Value

 

 

and Debt Discount

 

 

Net Carrying Value

 

2031 notes

 

$

500,000

 

 

$

5,053

 

 

$

494,947

 

2026 notes

 

 

400,000

 

 

 

1,404

 

 

 

398,596

 

Total

 

$

900,000

 

 

$

6,457

 

 

$

893,543

 

 

The table below reconciles the debt issuance costs and debt discounts to the net carrying value of each of our debt obligations (excluding line-of-credit arrangements) at December 30, 2023 (amounts in thousands):

 

 

 

 

 

 

Debt Issuance Costs

 

 

 

 

 

 

Face Value

 

 

and Debt Discount

 

 

Net Carrying Value

 

2031 notes

 

$

500,000

 

 

$

5,277

 

 

$

494,723

 

2026 notes

 

 

400,000

 

 

 

1,579

 

 

 

398,421

 

Total

 

$

900,000

 

 

$

6,856

 

 

$

893,144

 
Schedule of Highest and Lowest Outstanding Balance Under Credit Facility The table below presents the highest and lowest outstanding balance under the repurchase facility during the sixteen weeks ended April 20, 2024:

 

 

 

Amount
(thousands)

 

High balance

 

$

175,000

 

Low balance

 

$

105,000

 
Accounts Receivable Repurchase Facility  
Schedule of Borrowings and Repayments Under Credit Facility

The table below presents the borrowings and repayments under the repurchase facility during the sixteen weeks ended April 20, 2024:

 

 

 

Amount
(thousands)

 

Balance at December 30, 2023

 

$

155,000

 

Borrowings

 

 

80,000

 

Payments

 

 

(85,000

)

Balance at April 20, 2024

 

$

150,000

 
Schedule of Net Amount Available Under Credit Facility

The table below presents the net amount available for working capital and general corporate purposes under the repurchases facility as of April 20, 2024:

 

 

 

Amount
(thousands)

 

Gross amount available

 

$

200,000

 

Outstanding

 

 

(150,000

)

Available for withdrawal

 

$

50,000

 

 
Unsecured Credit Facility  
Schedule of Borrowings and Repayments Under Credit Facility The table below presents the borrowings and repayments under the credit facility during the sixteen weeks ended April 20, 2024.

 

 

 

Amount
(thousands)

 

Balance at December 30, 2023

 

$

—

 

Borrowings

 

 

37,500

 

Payments

 

 

(37,500

)

Balance at April 20, 2024

 

$

—

 
Schedule of Net Amount Available Under Credit Facility

The table below presents the net amount available under the credit facility as of April 20, 2024:

 

 

 

Amount
(thousands)

 

Gross amount available

 

$

500,000

 

Outstanding

 

 

—

 

Letters of credit

 

 

(8,400

)

Available for withdrawal

 

$

491,600

 

 

The table below presents the highest and lowest outstanding balance under the credit facility during the sixteen weeks ended April 20, 2024:

 

 

 

Amount
(thousands)

 

High balance

 

$

17,500

 

Low balance

 

$

—