Long-Term Debt (Tables)

12 Months Ended

Jan. 01, 2022

Debt Disclosure [Abstract]

Components of Long-Term Debt

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

	January 1, 2022									January 2, 2021
	Principal Balance		Unamortized Deferred Financing Costs		Unamortized Debt Discount		Effective Rate (1)			Principal Balance		Unamortized Deferred Financing Costs		Unamortized Debt Discount		Effective Rate (1)
Revolving Credit Facility due    April 13, 2026	$	—	$	—	$	—		2.61	%	$	—	$	—	$	—		0.00	%
Term Loan Facility due    April 13, 2028		945,000		6,930		14,362		4.48	%		—		—		—		0.00	%
Senior Secured Notes due    April 15, 2029		500,000		5,604		—		4.70	%		—		—		—		0.00	%
Revolving Credit Facility due    November 29, 2022		—		—		—		0.00	%		—		—		—		3.03	%
Term Loan Facility due    November 29, 2024		—		—		—		6.03	%		1,209,000		5,113		17,233		6.60	%
Senior Notes due    December 1, 2025		—		—		—		8.62	%		300,000		854		—		8.71	%
Total	$	1,445,000	$	12,534	$	14,362		5.15	%	$	1,509,000	$	5,967	$	17,233		6.94	%
Less: Current portion		—									77,000
Unamortized deferred    financing costs		12,534									5,967
Unamortized debt discount		14,362									17,233
Total long-term debt	$	1,418,104								$	1,408,800

(1) Includes amortization of deferred financing costs and debt discount.

Schedule of Maturities of Long-term Debt

At January 1, 2022, 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:

Fiscal 2022	$	—
Fiscal 2023		—
Fiscal 2024		—
Fiscal 2025		—
Fiscal 2026		—
Fiscal 2027 and thereafter		1,445,000
	$	1,445,000