Financing Arrangements (Tables)

3 Months Ended

Apr. 01, 2017

Debt Disclosure [Abstract]

Schedule of Debt

Our debt consisted of the following:

	April 1,			December 31,
	2017			2016
2016 First Lien Term Loan, with floating interest rates, maturing June 2, 2023, net of original issue discount of $4,364 and $4,526, respectively	$	663,882		$	663,720
2016 First Lien Term Loan, held by related party, net of original issue discount of $175 and $181 respectively		26,579			26,573
Senior Unsecured Notes (including related party principal of $40,000)		400,000			400,000
Debt issuance costs		(11,294	)		(11,638	)
Capitalized lease obligations maturing through Fiscal 2020		1,090			276
		1,080,257			1,078,931
Less: current maturities		(475	)		(274	)
Total debt	$	1,079,782		$	1,078,657

Schedule of Applicable Margins Related to Net Leverage Ratios

Interest on borrowings under the 2016 First Lien Term Loan varies based on either LIBOR or a bank base rate, plus a margin as set forth in the following table:

Total Net	LIBOR			Bank Base
Leverage Ratio	Loans			Rate Loans
Less than or equal to 4.00:1.00		3.00	%		2.00	%
Greater than 4.00:1.00		3.50	%		2.50	%

Summary of Redemption Prices Plus Accrued and Unpaid Interest

at any time on or after December 15, 2019, at a redemption price equal to the following percentages of the principal amount, plus applicable accrued and unpaid interest, if any:

Year ending December 14,	Percentage
2020		104.125	%
2021		102.750	%
2022		101.375	%
2023 and thereafter		100.000	%

Schedule of Maximum Borrowing Facility

Availability under the ABL Facility was as follows:

	April 1,		December 31,
	2017		2016
Borrowing base limitation	$	141,485	$	125,114
Less: outstanding letters of credit		5,289		5,469
Net availability	$	136,196	$	119,645