Term B Loan (Tables)

3 Months Ended

Jul. 01, 2018

The following table summarizes the outstanding borrowings as of July 1, 2018 and April 1, 2018, respectively:



(in thousands)	July 1, 2018			April 1, 2018
Outstanding principal balance	$	197,505		$	198,000
Unamortized debt issuance costs and debt discount	(4,722		)	(4,927		)
Outstanding principal, net of unamortized debt issuance costs and debt discount	$	192,783		$	193,073
Classified as follows:
Current portion of bank loan	$	1,980		$	2,000
Long-term bank loan	$	190,803		$	191,073

The Company made payments totaling $0.5 million towards the outstanding principal balance of the long-term bank loan during the three months ended July 1, 2018 and July 2, 2017, respectively. The following table includes the total interest expense recognized during the three months ended July 1, 2018 and July 2, 2017, respectively:



	Three Months Ended
(in thousands)	July 1, 2018		July 2, 2017
Contractual interest expense	$	2,345	$	2,106
Amortization of debt issuance costs and debt discount	205		205
Total	$	2,550	$	2,311

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details