Debt (Tables)

3 Months Ended

Mar. 29, 2020

Debt

Schedule of long-term debt, net

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

		March 29,		December 29,
		2020		2019
Outstanding debt	$	365,623	$	370,000
Unamortized debt issuance costs		(2,389)		(2,710)
Current portion of long-term debt		(20,623)		(20,000)
Total long-term debt, net	$	342,611	$	347,290

Schedule of Interest Rate Swap Agreements

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	$	50	million	2.00	%

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 29,		December 29,
Balance Sheet Location	2020		2019
Other current and long-term liabilities	$	17,020	$	6,168

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 Net Interest Expense
Cash Flow	(Loss) Recognized		Reclassified from		Reclassified from		on Condensed
Hedging	in AOCL		AOCL into		AOCL into		Consolidated Statements
Relationships	on Derivative		Income		Income		of Operations
Interest rate swaps for the three months ended:
March 29, 2020	$	(8,408)		Interest expense	$	(330)	$	(3,967)
March 31, 2019	$	(3,037)		Interest expense	$	148	$	(6,276)