FINANCING ARRANGEMENTS (Tables)

6 Months Ended

Jul. 02, 2016

FINANCING ARRANGEMENTS

Schedule of debt

	July 2,			January 2,
	2016			2016
2016 First Lien Term Loan, with floating interest rates, maturing June 2, 2023, net of original issue discount of $9,003	$	1,240,997		$	—
2016 First Lien Term Loan, held by related party, net of original issue discount of $360	49,640			—
2012 First Lien Term Loan, net of original issue discount of $2,399	—			894,851
2012 Second Lien Term Loan, net of original issue discount of $2,438	—			340,562
2012 Second Lien Term Loan, held by related party, net of original issue discount of $228	—			31,772
Revolving line of credit, maximum borrowings of $175,000 with floating interest rates, maturing June 2, 2021	183			—
Loan origination fees	(12,131		)	(11,071		)
Capitalized lease obligations maturing through fiscal 2018	565			861
Insurance premium financing	—			1,583
Total debt	$	1,279,254		$	1,258,558
Less: current maturities	$	(13,482	)	$	(24,721	)
	$	1,265,772		$	1,233,837

Schedule of applicable margins related to Net Leverage Ratios

Total Net	LIBOR		Bank Base
Leverage Ratio	Loans		Rate Loans
Less than or equal to 4.00:1.00	3.50	%	2.50	%
Greater than 4.00:1.00	3.75	%	2.75	%

Schedule of maximum borrowing facility

	July 2,		January 2,
	2016		2016
Borrowing base limitation	$	128,058	$	130,941
Less: outstanding letters of credit	5,498		5,498
Less: revolving facility balance	183		—
Net availability	$	122,377	$	125,443

Future maturities of total debt

Future maturities of total debt excluding capital leases, were as follows as of July 2, 2016:

Fiscal Year
Remainder of 2016	$	6,500
2017	13,000
2018	13,000
2019	13,000
2020	13,000
Thereafter	1,241,683
	$	1,300,183
Less: amounts representing unamortized original issue discount and loan origination fees	(21,494		)
	$	1,278,689