Long-Term Debt (Tables)

9 Months Ended

Oct. 03, 2015

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The carrying value of the Term Loan is reflected in our Consolidated Balance Sheets as follows:

(In thousands)	October 3, 2015			January 3, 2015
Principal amount	$	348,250		$	—
Unamortized original issue discount and debt issuance costs	(9,746		)	—
Less Current portion of long-term debt	(407		)	—
Long-term debt	$	338,097		$	—

Interest Income and Interest Expense Disclosure

Interest expense related to the Term Loan was included in Interest expense on the Consolidated Statements of Operations as follows:

	Three Months Ended				Nine Months Ended
(In thousands)	October 3, 2015		September 27, 2014		October 3, 2015		September 27, 2014
Contractual interest	$	4,633	$	—	$	10,553	$	—
Amortization of debt issuance costs and discount	932		—		2,037		—
Total Interest expense related to the Term Loan	$	5,565	$	—	$	12,590	$	—