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Long-term Debt (Tables)
3 Months Ended
Apr. 02, 2022
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Long-term debt consisted of the following (amounts in thousands):
April 2,
2022
January 1,
2022
First Lien Credit Agreement:
Term loan$460,000 $460,000 
Long-term debt, gross460,000 460,000 
Less: Unamortized debt discounts and debt issuance costs
(7,974)(8,532)
Long-term debt, net$452,026 $451,468 
Principal Maturities of Debt
Principal maturities of debt as of April 2, 2022 are as follows (amounts in thousands):
Remainder of fiscal 2022$— 
Fiscal 2023— 
Fiscal 2024— 
Fiscal 2025460,000 
Fiscal 2026— 
Thereafter— 
Total$460,000 
Schedule of Interest Expense, Net
Interest expense, net, consisted of the following (amounts in thousands):
13 Weeks Ended
April 2,
2022
April 3,
2021
Interest on loans$3,531 $3,499 
Amortization of debt issuance costs and debt discounts628 628 
Interest on finance leases90 93 
Other— 
Interest income(567)(317)
Interest expense, net$3,682 $3,906