DEBT AND OTHER OBLIGATIONS (Tables)

4 Months Ended

Apr. 23, 2016

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

Long-term debt and capital leases (net of issuance costs and debt discounts excluding line-of-credit arrangements) consisted of the following at April 23, 2016 and January 2, 2016 (amounts in thousands):

	April 23, 2016		January 2, 2016
Unsecured credit facility	$	68,500	$	160,000
Unsecured 2013 term loan		231,072		238,515
Unsecured 2016 term loan		149,371		—
4.375% senior notes due 2022		397,124		396,975
Accounts receivable securitization		180,000		170,000
Capital lease obligations		19,118		20,228
Other notes payable		19,106		18,989
		1,064,291		1,004,707
Current maturities of long-term debt and capital lease obligations		110,470		74,685
Total long-term debt and capital lease obligations	$	953,821	$	930,022

Outstanding Principal of Term Loan is Due and Payable on Fifth Anniversary of Draw Date

The 2013 term loan amortizes in quarterly installments based on an increasing annual percentage. The first payment was due and payable on June 30, 2013 (the last business day of the first calendar quarter ending after the borrowing date), quarterly payments are due on the last business day of each successive calendar quarter and all remaining outstanding principal is due and payable on the fifth anniversary of the borrowing date. Voluntary prepayments on the 2013 term loan may be made without premium or penalty. The table below presents the principal payment amounts remaining under the 2013 term loan as of April 23, 2016 (amounts in thousands):

Fiscal Year	Payments
Remainder of 2016	$	60,000
2017	$	112,500
2018	$	60,000

Aggregate Maturities of Debt Outstanding (Including Capital Leases)

Aggregate maturities of debt outstanding, including capital leases and the associated interest, as of April 23, 2016, are as follows (excluding unamortized debt discount and issuance costs) (amounts in thousands):

Remainder of 2016	$	77,326
2017		317,194
2018		84,960
2019		40,318
2020		131,618
2021 and thereafter		418,702
Total	$	1,070,118

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 April 23, 2016 (amounts in thousands):

			Debt issuance and
	Face Value		debt discount		Net carrying value
Unsecured 2013 term loan	$	232,500	$	1,428	$	231,072
Unsecured 2016 term loan		150,000		629		149,371
Other notes payable		20,000		894		19,106
4.375% senior notes due 2022		400,000		2,876		397,124
Total	$	802,500	$	5,827	$	796,673

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 2, 2016 (amounts in thousands):

			Debt issuance and
	Face Value		debt discount		Net carrying value
Unsecured 2013 term loan	$	240,000	$	1,485	$	238,515
Other notes payable		20,000		1,011		18,989
4.375% senior notes due 2022		400,000		3,025		396,975
Total	$	660,000	$	5,521	$	654,479

2016 Term Loan

Outstanding Principal of Term Loan is Due and Payable on Fifth Anniversary of Draw Date

The 2016 term loan amortizes in quarterly installments based on an increasing annual percentage.  The first payment is due and payable on June 30, 2016 (the last business day of the first calendar quarter ending after the borrowing date), quarterly payments are due on the last business day of each successive calendar quarter and all remaining outstanding principal is due and payable on the fifth anniversary of the borrowing date.  The table below presents the principal payment amounts remaining under the 2016 term loan as of April 23, 2016 (amounts in thousands):

Fiscal Year	Payments
Remainder of 2016	$	11,250
2017	$	15,000
2018	$	15,000
2019	$	31,875
2020	$	60,000
2021	$	16,875