Debt (Tables)

3 Months Ended

Mar. 31, 2019

Debt

Schedule of long-term debt, net

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

		March 31,		December 30,
		2019		2018
Outstanding debt	$	379,982	$	625,009
Unamortized debt issuance costs		(3,567)		(3,874)
Current portion of long-term debt		(29,982)		(20,009)
Total long-term debt, less current portion, net	$	346,433	$	601,126

Schedule of Interest Rate Swap Agreements

As of March 31, 2019, we have the following interest rate swap agreements with a total notional value of $400 million:

Effective Dates	Floating Rate Debt			Fixed Rates
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
	March 31,		December 30,
Balance Sheet Location	2019		2018
Other current and long-term assets	$	396	$	4,905

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		Total Net interest expense
Derivatives -	Amount of Gain or		or (Loss)		or (Loss)		on Condensed
Cash Flow	(Loss) Recognized		Reclassified from		Reclassified from		Consolidated
Hedging	in AOCI/AOCL		AOCI/AOCL into		AOCI/AOCL into		Statements of
Relationships	on Derivative		Income		Income		Operations
Interest rate swaps for the three months ended:
March 31, 2019	$	(3,955)		Interest income	$	148	$	(6,276)
April 1, 2018	$	6,718		Interest expense	$	(108)	$	(5,075)