SUBSEQUENT EVENTS	6 Months Ended
Jul. 02, 2016
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	21.SUBSEQUENT EVENTS On July 20, 2016, we completed an IPO of 21,390,000 shares of our common stock at a price of $21.00 per share. We sold 11,090,000 shares of common stock and the selling stockholders sold 10,300,000 shares of common stock. The underwriters have also exercised their option to purchase an additional 2,790,000 shares from the selling stockholders at the offering price of $21.00 less underwriting discounts and commissions. We did not and will not receive any of the proceeds from the sale of the shares by the selling stockholders. The net proceeds to us from our sale of shares of common stock in the IPO, after deducting underwriting discounts and commissions, offering expenses payable by us and the aggregate success fee of $9,000 contractually payable to Oaktree upon consummation of the IPO were approximately $204,300. As more fully discussed in Note 9, on July 21, 2016, we repaid $205,000 of our 2016 First Lien Term Loan using these proceeds. In connection with the IPO, we entered into an income tax receivable agreement with our existing stockholders that will provide for the payment by us to our existing stockholders of 85% of the amount of cash savings, if any, in United States federal, state, local and foreign income tax that we and our subsidiaries actually realize (or are deemed to realize) in the case of an early termination by us, a change of control or certain subsidiary dispositions as a result of the utilization of our and our subsidiaries’ net operating losses, tax basis and certain other tax attributes attributable to periods prior to the IPO together with interest accrued at a rate of LIBOR plus 200 basis points from the date the applicable tax return is due (without extension) until the date the applicable payment is due. Assuming no material changes in the relevant tax law, and that we and our subsidiaries earn sufficient taxable income to realize the full tax benefits subject to the income tax receivable agreement, we expect that future payments under the income tax receivable agreement will total approximately $215,000 to $225,000. Such amount may differ materially from the amount presented above based on various items.

21.SUBSEQUENT EVENTS

On July 20, 2016, we completed an IPO of 21,390,000 shares of our common stock at a price of $21.00 per share. We sold 11,090,000 shares of common stock and the selling stockholders sold 10,300,000 shares of common stock. The underwriters have also exercised their option to purchase an additional 2,790,000 shares from the selling stockholders at the offering price of $21.00 less underwriting discounts and commissions. We did not and will not receive any of the proceeds from the sale of the shares by the selling stockholders. The net proceeds to us from our sale of shares of common stock in the IPO, after deducting underwriting discounts and commissions, offering expenses payable by us and the aggregate success fee of $9,000 contractually payable to Oaktree upon consummation of the IPO were approximately $204,300. As more fully discussed in Note 9, on July 21, 2016, we repaid $205,000 of our 2016 First Lien Term Loan using these proceeds.

In connection with the IPO, we entered into an income tax receivable agreement with our existing stockholders that will provide for the payment by us to our existing stockholders of 85% of the amount of cash savings, if any, in United States federal, state, local and foreign income tax that we and our subsidiaries actually realize (or are deemed to realize) in the case of an early termination by us, a change of control or certain subsidiary dispositions as a result of the utilization of our and our subsidiaries’ net operating losses, tax basis and certain other tax attributes attributable to periods prior to the IPO together with interest accrued at a rate of LIBOR plus 200 basis points from the date the applicable tax return is due (without extension) until the date the applicable payment is due. Assuming no material changes in the relevant tax law, and that we and our subsidiaries earn sufficient taxable income to realize the full tax benefits subject to the income tax receivable agreement, we expect that future payments under the income tax receivable agreement will total approximately $215,000 to $225,000. Such amount may differ materially from the amount presented above based on various items.