v3.26.1
Debt - Details of Debt (Detail) - USD ($)
$ in Thousands
Apr. 04, 2026
Dec. 31, 2025
Outstanding Debt:    
Unamortized debt issuance costs $ (4,399) $ (4,710)
Outstanding Debt 750,301 797,571
Less current portion of long-term debt 115,975 114,850
Total long-term debt, net of current portion 634,326 682,721
Credit and Security Agreement [Member] | Revolving Credit Facility [Member]    
Outstanding Debt:    
Outstanding Debt [1] $ 213,878 217,380
Credit facility, Interest Rates [1] 5.51%  
CTL Financing [Member]    
Outstanding Debt:    
Outstanding Debt [2] $ 189,352 193,324
Equipment Financing [Member]    
Outstanding Debt:    
Outstanding Debt [3] $ 268,904 286,317
Equipment Financing [Member] | Minimum [Member]    
Outstanding Debt:    
Credit facility, Interest Rates [3] 2.50%  
Equipment Financing [Member] | Maximum [Member]    
Outstanding Debt:    
Credit facility, Interest Rates [3] 7.31%  
Real Estate Facility [Member]    
Outstanding Debt:    
Outstanding Debt [4] $ 82,566 $ 105,260
Credit facility, Interest Rates [4] 5.78%  
[1] Our Revolving Credit Facility provides us with a revolving credit commitment of up to $500 million. We may borrow under the Revolving Credit Facility until maturity on September 30, 2027, and this indebtedness bears interest at index-adjusted SOFR, or a base rate, plus an applicable margin based on the Company’s leverage ratio. The Revolving Credit Facility is secured by a first-priority pledge of the capital stock of applicable subsidiaries, as well as first-priority perfected security interests in cash, deposits, accounts receivable, and selected other assets of the applicable borrowers. The Revolving Credit Facility includes customary affirmative and negative covenants and events of default, as well as financial covenants requiring minimum fixed charge coverage and leverage ratios, and customary mandatory prepayments provisions. At April 4, 2026, we were in compliance with all covenants under the facility, and $286.1 million was available for borrowing on the revolver.
[2] In October 2025, we completed a credit tenant lease (“CTL”) financing transaction by issuing a senior secured promissory note in the principal amount of $195.9 million. We used the net proceeds of the CTL financing to repay existing indebtedness. The note bears interest at a fixed rate of 6.84% per annum and matures on November 15, 2034. The note is secured primarily by our interests under a long-term composite sublease agreement. The CTL debt is generally non-recourse to the Company and its subsidiaries, except for customary limited-recourse obligations under indemnity and guaranty agreements relating to environmental matters, lease-term compliance, and certain representations, warranties, and covenants. At April 4, 2026, we were in compliance with all covenants under the note.
[3] Our Equipment Financing consists of a series of promissory notes issued by wholly owned subsidiaries. The equipment notes are secured by liens on specific titled vehicles and operating equipment. The notes are generally payable in monthly installments over terms of approximately 60 months and bear interest at fixed rates ranging from 2.50% to 7.31%. One equipment note is payable over a 72-month term and bears interest at Term SOFR plus an applicable margin of 2.25%.
[4] Our Real Estate Facility consists of a $165.4 million term loan that matures on April 29, 2032. Obligations under the facility are secured by first-priority mortgages on specified parcels of real estate owned by the Company, including related land, buildings and improvements, together with first-priority assignments of rents and related leases of the loan parties. The credit agreement includes customary affirmative and negative covenants, including financial covenants relating to leverage and fixed charge coverage. Principal and interest are payable monthly based on an annual amortization rate of 10%. The facility bears interest at Term SOFR plus an applicable margin of 2.12%. At April 4, 2026, we were in compliance with all covenants under the facility.