Debt (Tables)

3 Months Ended

Mar. 31, 2017

Long-term debt is comprised of the following (in thousands):



	March 31, 2017			December 30, 2016
Senior secured term loan A	$	351,563		$	356,250
Senior secured term loan B	948,286			1,014,750
9.125% senior notes due 2023	360,000			360,000
Revolving line of credit	82,000			40,000
Less unamortized discount on term loan B and debt issuance costs	(39,437		)	(40,837		)
Total debt	1,702,412			1,730,163
Less current portion of long-term debt	34,173			31,344
Total long-term debt	$	1,668,239		$	1,698,819

Schedule of Maturities of Long-term Debt

Contractual maturities under the Senior Secured Credit Facilities and Senior Notes for the remainder of 2017 and the five years and thereafter, excluding any discounts or premiums, as of March 31, 2017 are as follows (in thousands):



	2017		2018		2019		2020		2021		After 2021
Future minimum principal payments	$	27,142	$	30,469	$	37,500	$	119,500	$	229,688	$	1,297,550

Schedule of Deferred Financing Fees

The change in deferred debt issuance costs related to the Revolving Credit Facility is as follows (in thousands):



December 30, 2016	$	3,800
Amortization during the period	(248		)
March 31, 2017	$	3,552

The change in unamortized discount and debt issuance costs related to the Term Loan Facilities and Senior Notes is as follows (in thousands):



	Debt Issuance Costs			Unamortized Discount on TLB Facility			Total
December 30, 2016	$	32,096		$	8,741		$	40,837
Financing costs incurred	1,789			—			1,789
Write-off of debt issuance costs and unamortized discount ⁽¹⁾	(1,051		)	(508		)	(1,559		)
Amortization during the period	(1,299		)	(331		)	(1,630		)
March 31, 2017	$	31,535		$	7,902		$	39,437

⁽¹⁾

The Company prepaid a portion of its TLB Facility during the first quarter of 2017. The Company recognized a loss from extinguishment of debt of $1.6 million, which is included in Interest Expense, Net in the accompanying Condensed Consolidated Statements of Operations and Comprehensive Income for the three months ended March 31, 2017. The loss from extinguishment of debt represents the portion of the unamortized discount and debt issuance costs related to the TLB Facility prepaid.

Schedule of Interest Rate Derivatives

Information regarding the Company’s outstanding interest rate swaps designated as cash flow hedges as of March 31, 2017 is as follows (dollars in thousands):



Notional Amount		Start Date	End Date	Pay Fixed Rate		Receive Current Floating Rate		Fair Value		Balance Sheet Location
$	200,000	Jun-17	Jun-20	1.1325	%	N/A		$	3,536	Other Long-Term Assets
$	250,000	Jul-16	Jun-17	0.615	%	0.98	%	$	244	Prepaid Expenses and Other Current Assets