Debt and Other Obligations (Tables)

9 Months Ended

Oct. 08, 2022

Long Term Debt (Net of Issuance Costs and Debt Discounts Excluding Line-of-credit Arrangements)

Long-term debt (net of issuance costs and debt discounts excluding line-of-credit arrangements) (leases are separately discussed in Note 3, Leases) consisted of the following at October 8, 2022 and January 1, 2022, respectively (amounts in thousands):

	October 8, 2022		January 1, 2022
Unsecured credit facility	$	—	$	—
2031 notes		493,826		493,333
2026 notes		397,716		397,276
Accounts receivable securitization facility		—		—
		891,542		890,609
Less current maturities of long-term debt		—		—
Total long-term debt	$	891,542	$	890,609

Aggregate Maturities of Debt Outstanding

Aggregate maturities of debt outstanding as of October 8, 2022 are as follows (excluding unamortized debt discount and issuance costs) (amounts in thousands):

Remainder of 2022	$	—
2023		—
2024		—
2025		—
2026		400,000
2027 and thereafter		500,000
Total	$	900,000

Reconciliation of Debt Issuance Costs and Debt Discounts to the Net Carrying Value for Each Debt Obligation (Excluding Line of Credit Arrangements)

The table below reconciles the debt issuance costs and debt discounts to the net carrying value of each of our debt obligations (excluding line-of-credit arrangements) at October 8, 2022 (amounts in thousands):

			Debt Issuance Costs
	Face Value		and Debt Discount		Net Carrying Value
2031 notes	$	500,000	$	6,174	$	493,826
2026 notes		400,000		2,284		397,716
Total	$	900,000	$	8,458	$	891,542

The table below reconciles the debt issuance costs and debt discounts to the net carrying value of each of our debt obligations (excluding line-of-credit arrangements) at January 1, 2022 (amounts in thousands):

			Debt Issuance Costs
	Face Value		and Debt Discount		Net Carrying Value
2031 notes	$	500,000	$	6,667	$	493,333
2026 notes		400,000		2,724		397,276
Total	$	900,000	$	9,391	$	890,609

Accounts Receivable Securitization Facility

Schedule of Borrowings and Repayments Under Credit Facility

The table below presents the borrowings and repayments under the facility during the forty weeks ended October 8, 2022:

	Amount (thousands)
Balance at January 1, 2022	$	—
Borrowings		100,000
Payments		(100,000	)
Balance at October 8, 2022	$	—

Schedule of Net Amount Available Under Credit Facility

The table below presents the net amount available for working capital and general corporate purposes under the facility as of October 8, 2022:

	Amount (thousands)
Gross amount available	$	200,000
Outstanding		—
Available for withdrawal	$	200,000

Unsecured Credit Facility

Schedule of Borrowings and Repayments Under Credit Facility

The table below presents the borrowings and repayments under the credit facility during the forty weeks ended October 8, 2022.

	Amount (thousands)
Balance at January 1, 2022	$	—
Borrowings		230,000
Payments		(230,000	)
Balance at October 8, 2022	$	—

Schedule of Net Amount Available Under Credit Facility

The table below presents the net amount available under the credit facility as of October 8, 2022:

	Amount (thousands)
Gross amount available	$	500,000
Outstanding		—
Letters of credit		(8,400	)
Available for withdrawal	$	491,600