Long-Term Debt (Tables)

12 Months Ended

Jan. 01, 2023

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt consisted of the following:

	January 1, 2023				January 2, 2022
	Outstanding Principal		Interest Rate(1)		Outstanding Principal		Interest Rate(1)
	(in thousands)				(in thousands)
Syndicated Credit Facility:
Revolving loan borrowings	$	24,250	5.29	%	$	7,500	4.00	%
Term loan borrowings	202,082		5.84	%	217,631		1.84	%
Total borrowings under Syndicated Credit Facility	226,332		5.78	%	225,131		1.91	%
5.50% Senior Notes due 2028	300,000		5.50	%	300,000		5.50	%
Total debt	526,332				525,131
Less: Unamortized debt issuance costs	(6,118)				(7,073)
Total debt, net	520,214				518,058
Less: Current portion of long-term debt	(10,211)				(15,002)
Total long-term debt, net	$	510,003			$	503,056

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

Senior Notes Redemption

On or after December 1, 2023, the Company may redeem the Senior Notes, in whole or in part, at any time at the redemption prices listed below, plus accrued and unpaid interest, if any, to (but excluding) the redemption date, if redeemed during the 12-month period commencing on December 1 of the years set forth below:

Period	Redemption Price
2023	102.750	%
2024	101.375	%
2025 and thereafter	100.000	%

Schedule of Future Maturities of Borrowings

The aggregate maturities of borrowings for each of the five fiscal years subsequent to 2022 are as follows:

Fiscal Year	Amount
	(in thousands)
2023	$	10,211
2024	10,211
2025	10,211
2026	10,211
2027	185,488
Thereafter	300,000
Total debt	$	526,332