Debt, Lease and Other Commitments (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Long-Term Debt and Capital Leases

Long-term debt, including capital lease obligations, consisted of the following at December 31, 2016 and January 2, 2016:

	Interest Rate at December 31, 2016		Final Maturity		December 31, 2016		January 2, 2016
					(Amounts in thousands)
Unsecured credit facility		4.08%	2020		$	24,000	$	160,000
Unsecured 2013 term loan		—		—		—		238,515
3.5% senior notes due 2026		3.50%	2026			394,406		—
4.375% senior notes due 2022		4.38%	2022			397,458		396,975
Accounts receivable securitization		1.59%	2018			95,000		170,000
Capital lease obligations		3.70%	2024			30,427		20,228
Other notes payable		2.10%	2020			16,866		18,989
						958,157		1,004,707
Current maturities of long-term debt and capital lease obligations						11,490		74,685
Long-term debt and capital lease obligations					$	946,667	$	930,022

Schedule of debt discount, underwriting fees and the legal and other fees

The table below presents the debt discount, underwriting fees and the legal and other fees for issuing the 2026 notes (amounts in thousands):

Total fees for 2026 notes	Amount at Issuance
Debt discount	$	2,108
Underwriting, legal, and other fees		3,900
Total fees	$	6,008

Schedule of Borrowings and Repayments Under Credit Facility

Amounts outstanding under the credit facility vary daily.  Changes in the gross borrowings and repayments can be caused by cash flow activity from operations, capital expenditures, acquisitions, dividends, share repurchases, and tax payments, as well as derivative transactions which are part of the company’s overall risk management strategy as discussed in Note 9, Derivative Financial Instruments.  The table below presents the borrowings and repayments under the credit facility during fiscal 2016:

	Amount (thousands)
Balance as of January 2, 2016	$	160,000
Borrowings		1,391,600
Payments		(1,527,600	)
Balance as of December 31, 2016	$	24,000

Schedule of Net Amount Available Under Credit Facility

The table below presents the net amount available under the credit facility as of December 31, 2016:  

	Amount (thousands)
Gross amount available	$	500,000
Outstanding		(24,000	)
Letters of credit		(9,080	)
Available for withdrawal	$	466,920

Schedule of Highest and Lowest Outstanding Balance Under Credit Facility

The table below presents the highest and lowest outstanding balance under the credit facility during fiscal 2016:

	Amount (thousands)
High balance	$	244,200
Low balance	$	—

Aggregate Maturities of Debt Outstanding (Including Capital Leases)

Aggregate maturities of debt outstanding, including capital leases, as of December 31, 2016, are as follows (excluding unamortized debt discount and issuance costs) (amounts in thousands):

2017	$	11,490
2018		106,794
2019		10,314
2020		29,028
2021		3,276
2022 and thereafter		806,025
Total	$	966,927

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 December 31, 2016 (amounts in thousands):

	Face Value		Debt issuance costs and debt discount		Net carrying value
3.5% senior notes due 2026	$	400,000	$	5,594	$	394,406
4.375% senior notes due 2022		400,000		2,542		397,458
Other notes payable		17,500		634		16,866
Total	$	817,500	$	8,770	$	808,730

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):

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

Future Minimum Lease Payments under Scheduled Capital Leases

Future minimum lease payments under scheduled capital leases that have initial or remaining non-cancelable terms in excess of one year are as follows (amounts in thousands):

	Capital Leases
2017	$	7,203
2018		7,336
2019		5,704
2020		2,822
2021		3,502
2022 and thereafter		6,346
Total minimum payments		32,913
Amount representing interest		2,486
Obligations under capital leases		30,427
Obligations due within one year		6,490
Long-term obligations under capital leases	$	23,937

Future Minimum Lease Payments under Scheduled Operating Leases

The table below presents the total future minimum lease payments under scheduled operating leases that have initial or remaining non-cancelable terms in excess of one year (amounts in thousands):

	Operating Leases
2017	$	63,861
2018		59,304
2019		53,005
2020		46,141
2021		36,934
2022 and thereafter		283,915
Total minimum payments	$	543,160

Schedule of Rent Expense for All Operating Leases

Rent expense for all operating leases was as follows (amounts in thousands):

	Rent expense
Fiscal 2016	$	97,357
Fiscal 2015	$	87,864
Fiscal 2014	$	88,700

Schedule of Deferred Compensation Amount Outstanding

The amounts outstanding at December 31, 2016 and January 2, 2016 were as follows (amounts in thousands):

	December 31, 2016		January 2, 2016
Deferral elections outstanding	$	14,883	$	14,812
Current portion of deferral elections		1,675		2,204
Long-term portion of deferral elections	$	13,208	$	12,608