Long-Term Debt (Tables)

6 Months Ended

Jul. 02, 2023

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments

Long-term debt consisted of the following:

	July 2, 2023				January 1, 2023
	Outstanding Principal		Interest Rate(1)		Outstanding Principal		Interest Rate(1)
	(in thousands)				(in thousands)
Syndicated Credit Facility:
Revolving loan borrowings	$	6,994	5.66	%	$	24,250	5.29	%
Term loan borrowings	174,138		6.46	%	202,082		5.84	%
Total borrowings under Syndicated Credit Facility	181,132		6.43	%	226,332		5.78	%
5.50% Senior Notes due 2028	300,000		5.50	%	300,000		5.50	%
Total debt	481,132				526,332
Less: Unamortized debt issuance costs	(5,562)				(6,118)
Total debt, net	475,570				520,214
Less: Current portion of long-term debt	(10,222)				(10,211)
Total long-term debt, net	$	465,348			$	510,003

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