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Long-Term Debt (Tables)
12 Months Ended
Dec. 30, 2017
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments

The components of the Company’s long-term debt were as follows:

 

 

 

 

December 30, 2017

 

 

December 31, 2016

 

 

 

Principal

Balance

 

 

Unamortized Deferred Financing Costs

 

 

Unamortized Debt Discount

 

 

Effective Rate (1)

 

 

Principal

Balance

 

 

Effective Rate (1)

 

New Revolving Credit Facility due

   November 29, 2022

$

 

25,000

 

$

 

0

 

$

 

0

 

 

 

4.15

%

$

0

 

 

 

0.00

%

Former Tranche B-2 Term Facility due April 2, 2020

 

 

0

 

 

 

0

 

 

 

0

 

 

 

4.76

%

 

 

2,021,250

 

 

 

4.41

%

New Term Loan Facility due

   November 29, 2024

 

 

1,540,000

 

 

 

9,783

 

 

 

30,433

 

 

 

6.84

%

 

 

0

 

 

 

0.00

%

Notes due December 1, 2025

 

 

300,000

 

 

 

1,422

 

 

 

0

 

 

 

8.82

%

 

 

0

 

 

 

0.00

%

Total

 

 

1,865,000

 

$

 

11,205

 

$

 

30,433

 

 

 

4.96

%

 

 

2,021,250

 

 

 

4.38

%

Less: Current Portion

 

 

82,750

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

21,000

 

 

 

 

 

Unamortized Deferred Financing Costs

 

 

11,205

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

18,951

 

 

 

 

 

Unamortized Debt Discount

 

 

30,433

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0

 

 

 

 

 

Total Long-Term Debt

$

 

1,740,612

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

1,981,299

 

 

 

 

 

 

(1)

Includes amortization of deferred financing costs and debt discount. For fiscal 2017, the effective interest rate for the tranche B-2 term facility of the Company’s then-existing term loan facility was computed based on interest expense incurred over the period for which borrowings were outstanding. For fiscal 2016, the effective interest rate for the Company’s then-existing revolving facility and tranche B-1 term facility of the Company’s then-existing term loan facility was computed based on interest expense incurred over the period for which borrowings were outstanding.

Schedule of Maturities of Long-term Debt

At December 30, 2017, the aggregate amounts of the Company’s existing long-term debt maturing in each of the next five fiscal years and thereafter were as follows:

 

2018

 

$

82,750

 

2019

 

 

77,000

 

2020

 

 

96,250

 

2021

 

 

77,000

 

2022

 

 

77,000

 

2023 and thereafter

 

 

1,455,000

 

 

 

$

1,865,000