XML 70 R56.htm IDEA: XBRL DOCUMENT v3.8.0.1
Long-Term Debt - Additional Information (Detail) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Nov. 30, 2020
Nov. 29, 2017
Dec. 30, 2017
Dec. 30, 2017
Dec. 31, 2016
Jan. 02, 2016
Debt Instrument            
Total Debt     $ 1,865,000 $ 1,865,000 $ 2,021,250  
Discount on debt issuance   $ 30,800 30,433 30,433 0  
Write-off of deferred financing fees   4,808 $ 10,524 4,808   $ 647
Gain (loss) on early extinguishment of debt   (10,524)   $ (8,969) $ 0 $ 11,426
Percentage of equity interests pledged       100.00%    
Effective Interest Rate [1]     4.96% 4.96% 4.38%  
Average interest rate on outstanding debt, exclusive the impact of swap     7.12% 7.12% 4.41%  
Average interest rate on outstanding debt, including the impact of swap       7.34% 5.32%  
Maximum            
Debt Instrument            
Pledge percentage of first tier foreign subsidiaries directly owned by company or wholly owned subsidiaries       65.00%    
Revolving Credit Facility            
Debt Instrument            
Credit facility available amount   50,000        
Line off credit facility drawn amount     $ 25,000 $ 25,000    
Deferred financing costs       5,716    
Gain (loss) on early extinguishment of debt       10,524    
Debt outstanding amount     1,798,362 1,798,362 $ 2,002,299  
New Revolving Credit Facility            
Debt Instrument            
Total Debt   150,000 25,000 25,000 $ 0  
Discount on debt issuance     $ 0 $ 0    
Effective Interest Rate [1]     4.15% 4.15% 0.00%  
Revolving credit facility, commitment fee on unused commitments       0.50%    
New Credit Facilities            
Debt Instrument            
Credit Facility, maximum borrowing capacity   1,930,386        
Total Debt   1,565,000 $ 1,865,000 $ 1,865,000    
Line off credit facility drawn amount   25,000        
Fees incurred in connection with debt refinancing     53,832      
Discount on debt issuance   30,800        
Deferred financing costs   5,716        
Term Loan Facility            
Debt Instrument            
Total Debt   1,540,000        
Senior Notes due December 1, 2025            
Debt Instrument            
Total Debt   $ 300,000 $ 300,000 $ 300,000 $ 0  
Debt Instrument Interest Rate Stated Percentage   8.625% 8.625% 8.625%    
Discount on debt issuance     $ 0 $ 0    
Effective Interest Rate [1]     8.82% 8.82% 0.00%  
Debt instrument issued date       Nov. 29, 2017    
Debt instrument, due date       Dec. 01, 2025    
Debt instrument interest payment term       Interest on the Notes is payable semi-annually on June 1 and December 1 of each year, beginning on June 1, 2018.    
Debt Instrument, redemption, description       On or after December 1, 2020, the Company may on any one or more occasions redeem some or all of the Notes at a purchase price equal to 104.313% of the principal amount of the Notes, plus accrued and unpaid interest, if any, to, but not including, the redemption date, such optional redemption price decreasing to 102.156% on or after December 1, 2021 and to 100.000% on or after December 1, 2022    
Senior Notes due December 1, 2025 | Scenario Forecast            
Debt Instrument            
Debt Instrument, percentage of principal can be redeemed 108.625%          
Senior Notes due December 1, 2025 | Change of Control | Scenario Forecast            
Debt Instrument            
Repurchase price of principal amount of notes plus accrued and unpaid interest 101.00%          
Senior Notes due December 1, 2025 | Sale of Assets | Scenario Forecast            
Debt Instrument            
Repurchase price of principal amount of notes plus accrued and unpaid interest 100.00%          
Senior Notes due December 1, 2025 | Debt Instrument Redemption Date, December 1, 2020            
Debt Instrument            
Debt Instrument, percentage of principal can be redeemed       104.313%    
Debt Instrument, redemption date       Dec. 01, 2020    
Senior Notes due December 1, 2025 | Debt Instrument Redemption Date, December 1, 2021            
Debt Instrument            
Debt Instrument, percentage of principal can be redeemed       102.156%    
Debt Instrument, redemption date       Dec. 01, 2021    
Senior Notes due December 1, 2025 | Debt Instrument Redemption Date, December 1, 2022            
Debt Instrument            
Debt Instrument, percentage of principal can be redeemed       100.00%    
Debt Instrument, redemption date       Dec. 01, 2022    
Senior Notes due December 1, 2025 | Maximum | Scenario Forecast            
Debt Instrument            
Percent of principal amount of debt that may be redeemed (up to) 40.00%          
New Term Loan Facility            
Debt Instrument            
Total Debt     $ 1,540,000 $ 1,540,000    
Debt outstanding amount     $ 1,565,000 $ 1,565,000    
New Term Loan Facility | Higher of Federal Funds Effective Rate and Overnight Bank Funding Rate            
Debt Instrument            
Credit facility, interest rate       0.50%    
New Term Loan Facility | London Interbank Offered Rate (LIBOR)            
Debt Instrument            
Credit facility, interest rate       1.00%    
Debt instrument variable rate floor percent determined option one       0.75%    
Effective Interest Rate     4.75% 4.75%    
New Term Loan Facility | Maximum | London Interbank Offered Rate (LIBOR)            
Debt Instrument            
Debt instrument variable rate floor percent determined option one       1.75%    
New Term Loan Facility | Senior Secured Tranche B Term Loan            
Debt Instrument            
Credit Facility, maximum borrowing capacity   $ 1,540,000        
Debt Instrument, maturity year   2024        
New Revolving Credit Facility            
Debt Instrument            
Credit facility available amount     $ 123,735 $ 123,735    
Total Debt     25,000 25,000    
Line of credit facility, issued but undrawn letters of credit     $ 1,265 $ 1,265    
New Revolving Credit Facility | Higher of Federal Funds Effective Rate and Overnight Bank Funding Rate            
Debt Instrument            
Credit facility, interest rate       0.50%    
New Revolving Credit Facility | London Interbank Offered Rate (LIBOR)            
Debt Instrument            
Credit facility, interest rate       1.00%    
Effective Interest Rate     2.75% 2.75%    
New Revolving Credit Facility | Senior Secured Revolving Credit Facility            
Debt Instrument            
Credit Facility, maximum borrowing capacity   $ 150,000        
Debt Instrument, maturity year   2022        
[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.