Long-Term Debt (Tables)

9 Months Ended

Oct. 03, 2021

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments

Long-term debt consisted of the following:

	October 3, 2021				January 3, 2021
	Outstanding Principal		Interest Rate(1)		Outstanding Principal		Interest Rate(1)
	(in thousands)				(in thousands)
Syndicated Credit Facility:
Revolving loan borrowings	$	—	—	%	$	3,000	4.00	%
Term loan borrowings	232,639		1.82	%	282,215		1.87	%
Total borrowings under Syndicated Credit Facility	232,639		1.82	%	285,215		1.89	%
5.50% Senior Notes due 2028	300,000		5.50	%	300,000		5.50	%
Total debt	532,639				585,215
Less: Unamortized debt issuance costs	(7,660)				(8,645)
Total debt, net	524,979				576,570
Less: Current portion of long-term debt	(15,067)				(15,319)
Total long-term debt, net	$	509,912			$	561,251

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