Debt (Tables)

12 Months Ended

Jan. 01, 2017

Debt Disclosure [Abstract]

Summary of Debt

Following is a summary of the Company’s debt:

(in thousands)	Maturity	Interest Rate		Interest Paid	January 1, 2017			January 3, 2016
Revolving credit facility	2019	Variable		Varies	$	152,000		$	-
Senior Notes	2016		5.00%	Semi-annually		-			164,757
Senior Notes	2019		7.00%	Semi-annually		110,000			110,000
Senior Notes	2025		3.80%	Semi-annually		350,000			350,000
Term Loan	2021	Variable		Varies		300,000			-
Unamortized discount on Senior Notes*	2019					(570	)		(792	)
Unamortized discount on Senior Notes*	2025					(78	)		(86	)
Debt issuance costs						(4,098	)		(4,251	)
Total debt						907,254			619,628
Less:  Current portion of debt						-			-
Long-term debt					$	907,254		$	619,628

* NOTE: The Senior Notes due 2019 were issued at 98.238% of par and the Senior Notes due 2025 were issued at 99.975% of par.

Principal Maturities of Debt Outstanding

The principal maturities of debt outstanding on January 1, 2017 were as follows:

(in thousands)	Debt Maturities
2017	$	-
2018		15,000
2019		292,000
2020		37,500
2021		217,500
Thereafter		350,000
Total debt	$	912,000