Long-Term Debt (Tables)

3 Months Ended

Apr. 02, 2016

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

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

(In thousands)	April 2, 2016			January 2, 2016
Principal amount	$	346,500		$	347,375
Unamortized original issue discount and debt issuance costs	(8,707		)	(8,948		)
Less: Current portion of long-term debt	(2,308		)	(7,557		)
Long-term debt	$	335,485		$	330,870

Interest Income and Interest Expense Disclosure

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

	Three Months Ended
(In thousands)	April 2, 2016		April 4, 2015
Contractual interest	$	4,620	$	1,327
Amortization of debt issuance costs and discount	241		284
Total Interest expense related to the Term Loan	$	4,861	$	1,611

Schedule of Debt

As of April 2, 2016, expected future principal payments on the Term Loan were as follows:

Fiscal year	(in thousands)
2016 (remaining 9 months)	$	4,280
2017	36,181
2018	85,812
2019	90,544
2020	78,431
Thereafter	51,252
	$	346,500