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Long-Term Debt Long term debt table (Tables)
3 Months Ended
Mar. 26, 2017
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Long-term debt as of March 26, 2017, December 31, 2016, and March 27, 2016 consisted of the following:
(In thousands)
March 26, 2017
 
December 31, 2016
 
March 27, 2016
 
 
 
 
 
 
Revolving credit facility (due 2018)
$
85,000

 
$

 
$
65,000

Term debt (1)
 
 
 
 
 
March 2013 U.S. term loan averaging 3.25% (due 2013-2020)
602,850

 
602,850

 
608,850

Notes
 
 
 
 
 
June 2014 U.S. fixed rate notes at 5.375% (due 2024)
450,000

 
450,000

 
450,000

March 2013 U.S. fixed rate notes at 5.25% (due 2021)
500,000

 
500,000

 
500,000

 
1,637,850

 
1,552,850

 
1,623,850

Less current portion
(4,350
)
 
(2,775
)
 
(4,050
)
 
1,633,500

 
1,550,075

 
1,619,800

Less debt issuance costs
(14,882
)
 
(15,864
)
 
(18,949
)
 
$
1,618,618

 
$
1,534,211

 
$
1,600,851

(1)
The average interest rate does not reflect the effect of interest rate swap agreements (see Note 6).