Debt (Tables)

3 Months Ended

Apr. 01, 2018

Debt

Schedule of long-term debt, net

Long-term debt, net consists of the following (in thousands):

		April 1,		December 31,
		2018		2017
Outstanding debt	$	592,000	$	470,000
Unamortized debt issuance costs		(3,230)		(3,435)
Current portion of long-term debt		(20,000)		(20,000)
Total long-term debt, less current portion, net	$	568,770	$	446,565

Schedule of Interest Rate Swap Agreements

As of April 1, 2018, we have the following interest rate swap agreements:

Effective Dates	Floating Rate Debt			Fixed Rates
July 30, 2013 through April 30, 2018	$	75	million	1.42	%
December 30, 2014 through April 30, 2018	$	50	million	1.36	%
April 30, 2018 through April 30, 2023	$	55	million	2.33	%
April 30, 2018 through April 30, 2023	$	35	million	2.36	%
April 30, 2018 through April 30, 2023	$	35	million	2.34	%
January 30, 2018 through August 30, 2022	$	100	million	1.99	%
January 30, 2018 through August 30, 2022	$	75	million	1.99	%
January 30, 2018 through August 30, 2022	$	75	million	2.00	%
January 30, 2018 through August 30, 2022	$	25	million	1.99	%

Schedule of Location and Amounts of Swaps in the Accompanying Consolidated Financial Statements

The following table provides information on the location and amounts of our swaps in the accompanying condensed consolidated financial statements (in thousands):

	Interest Rate Swap Derivatives
	Fair Value		Fair Value
	April 1,		December 31,
Balance Sheet Location	2018		2017
Other current and long-term assets	$	7,369	$	651

Schedule of Effect of Derivative Instruments on the Accompanying Consolidated Financial Statements

The effect of derivative instruments on the accompanying condensed consolidated financial statements is as follows (in thousands):

			Location of Gain		Amount of Gain
Derivatives -	Amount of Gain or		or (Loss)		or (Loss)		Total Interest Expense
Cash Flow	(Loss) Recognized		Reclassified from		Reclassified from		on Consolidated
Hedging	in AOCI/AOCL		AOCI/AOCL into		AOCI/AOCL into		Statements of
Relationships	on Derivative		Income		Income		Income
Interest rate swaps for the three months ended:
April 1, 2018	$	5,173		Interest expense	$	(108)	$	(5,220)
March 26, 2017	$	(295)		Interest expense	$	(198)	$	(1,946)