Long-Term Debt (Tables)

12 Months Ended

Dec. 30, 2017

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)	December 30, 2017			December 31, 2016
Principal amount	$	306,791		$	342,221
Unamortized original issue discount and debt issuance costs	(5,616		)	(7,599		)
Less: Current portion of long-term debt	(1,508		)	(33,767		)
Long-term debt	$	299,667		$	300,855

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:

			Year Ended
(in thousands)	December 30, 2017		December 31, 2016		January 2, 2016
Contractual interest	$	16,503	$	18,518	$	15,225
Amortization of debt issuance costs and discount	1,982		1,350		2,835
Total Interest expense related to the Term Loan	$	18,485	$	19,868	$	18,060

Future principal payments

As of December 30, 2017, expected future principal payments on the Term Loan were as follows:

Fiscal year	(in thousands)
2018	$	3,500
2019	26,235
2020	59,187
2021	217,869
	$	306,791