LONG-TERM DEBT (Tables)

9 Months Ended

Oct. 03, 2020

Debt Disclosure [Abstract]

Schedule Of Debt

Debt is comprised of the following (in thousands):

	October 3, 2020		December 31, 2019
Asset-based revolving credit facility due April 2023	$	—	$	70,000
Term loan facility due April 2025	2,504,372		2,523,587
Cash flow revolver due April 2023	—		—
8.00% senior notes due April 2026	645,000		645,000
6.125% senior notes due January 2029	500,000		—
Less: unamortized discounts and unamortized deferred financing costs(1)	(56,470)		(56,063)
Total long-term debt, net of unamortized discounts and unamortized deferred financing costs	3,592,902		3,182,524
Less: current portion of long-term debt	25,600		25,600
Total long-term debt, less current portion	$	3,567,302	$	3,156,924

(1)Includes the unamortized discounts associated with the term loan facility and 8.00 % senior notes due April 2026, and the unamortized deferred financing costs associated with the term loan facility and 6.125% senior notes due January 2029. The unamortized deferred financing costs associated with the asset-based revolving credit facilities of $1.9 million and $2.4 million as of October 3, 2020 and December 31, 2019, respectively, are classified in other assets on the consolidated balance sheets.

Schedule of Long-term Debt Instruments

At October 3, 2020, the interest rates on the Current Term Loan Facility were as follows:

	October 3, 2020
Interest rate	3.9	%
Effective interest rate	6.51	%

As of October 3, 2020, the Company had the following in relation to the Current ABL Facility (in thousands):

	October 3, 2020
Excess availability	$	570,000
Revolving loans outstanding	—
Letters of credit outstanding	36,500