Long-term Debt (Tables)

3 Months Ended

Apr. 04, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt consisted of the following:

	April 4, 2021				January 3, 2021
	Outstanding Principal		Interest Rate(1)		Outstanding Principal		Interest Rate(1)
	(in thousands)				(in thousands)
Syndicated Credit Facility:
Revolving loan borrowings	$	—	4.00	%	$	3,000	4.00	%
Term loan borrowings	270,901		1.84	%	282,215		1.87	%
Total borrowings under Syndicated Credit Facility	270,901		1.84	%	285,215		1.89	%
5.50% Senior Notes due 2028	300,000		5.50	%	300,000		5.50	%
Total debt	570,901				585,215
Less: Unamortized debt issuance costs	(8,330)				(8,645)
Total debt, net	562,571				576,570
Less: Current portion of long-term debt	(15,176)				(15,319)
Total long-term debt, net	$	547,395			$	561,251

(1) Represents the stated rate of interest, without the effect of debt issuance costs or interest rate swaps.