Long-term Debt and Letters of Credit (Tables)

9 Months Ended

Sep. 28, 2020

Debt Disclosure [Abstract]

Long-term Debt

The following table summarizes the long-term debt of the Company as of September 28, 2020 and December 30, 2019:

	Interest Rate as of September 28, 2020			Principal Outstanding as of September 28, 2020			Interest Rate as of December 30, 2019			Principal Outstanding as of December 30, 2019
	(In thousands)
Term Loan due September 2024		2.65	%	$	405,879			4.28	%	$	805,879
Senior Notes due October 2025		5.63			375,000			5.63			375,000
Convertible Senior Notes due December 2020		1.75			249,975			1.75			249,975
U.S. ABL Revolving Loan due June 2024		1.40			40,000			3.03			40,000
Asia ABL Revolving Loan due June 2024		1.55			30,000			3.18			30,000
					1,100,854						1,500,854
Less: Long-term debt unamortized discount					(3,054	)					(11,943	)
Long-term debt unamortized debt issuance costs					(7,802	)					(12,974	)
					1,089,998						1,475,937
Less: current maturities					(249,975	)					(249,975	)
Long-term debt, less current maturities				$	840,023					$	1,225,962

Schedule of Remaining Unamortized Debt Discount and Debt Issuance Costs

As of September 28, 2020 and December 30, 2019, remaining unamortized debt discount and debt issuance costs for the Term Loan Facility, Senior Notes and Convertible Senior Notes are as follows:

	As of September 28, 2020							As of December 30, 2019
	Debt Issuance Costs		Debt Discount		Effective Interest Rate			Debt Issuance Costs		Debt Discount		Effective Interest Rate
	(In thousands, except interest rates)
Term Loan due September 2024	$	2,862	$	866		4.66	%	$	6,663	$	2,016		4.66	%
Senior Notes due October 2025		4,721	—			5.92			5,316	—			5.92
Convertible Senior Notes		219		2,188		6.48			995		9,927		6.48
	$	7,802	$	3,054				$	12,974	$	11,943