Debt, Lease and Other Commitments (Tables)

12 Months Ended

Dec. 30, 2017

Debt Disclosure [Abstract]

Long-Term Debt and Capital Leases

Long-term debt, including capital lease obligations, consisted of the following at December 30, 2017 and December 31, 2016:

	Interest Rate at December 30, 2017	Final Maturity	December 30, 2017		December 31, 2016
			(Amounts in thousands)
Unsecured credit facility	4.60%	2022	$	—	$	24,000
2026 notes	3.50%	2026		394,978		394,406
2022 notes	4.38%	2022		397,941		397,458
Accounts receivable securitization facility	2.41%	2019		—		95,000
Capital lease obligations	3.50%	2025		27,150		30,427
Other notes payable	2.10%	2020		12,167		16,866
				832,236		958,157
Current maturities of long-term debt and capital lease obligations				12,095		11,490
Long-term debt and capital lease obligations			$	820,141	$	946,667

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		3,634
Total fees	$	5,742

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 11, Derivative Financial Instruments.  The table below presents the borrowings and repayments under the credit facility during fiscal 2017:

	Amount (thousands)
Balance as of December 31, 2016	$	24,000
Borrowings		447,900
Payments		(471,900	)
Balance as of December 30, 2017	$	—

Schedule of Net Amount Available Under Credit Facility

The table below presents the net amount available under the credit facility as of December 30, 2017:  

	Amount (thousands)
Gross amount available	$	500,000
Outstanding		—
Letters of credit		(8,698	)
Available for withdrawal	$	491,302

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 2017:

	Amount (thousands)
High balance	$	47,500
Low balance	$	—

Aggregate Maturities of Debt Outstanding (Including Capital Leases)

Aggregate maturities of debt outstanding, including capital leases, as of December 30, 2017, are as follows (excluding unamortized debt discount and issuance costs) (amounts in thousands):

2018	$	12,095
2019		10,623
2020		5,344
2021		3,598
2022		402,101
Thereafter		405,889
Total	$	839,650

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 30, 2017(amounts in thousands):

	Face Value		Debt issuance costs and debt discount		Net carrying value
2026 notes	$	400,000	$	5,022	$	394,978
2022 notes		400,000		2,059		397,941
Other notes payable		12,500		333		12,167
Total	$	812,500	$	7,414	$	805,086

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
2026 notes	$	400,000	$	5,594	$	394,406
2022 notes		400,000		2,542		397,458
Other notes payable		17,500		634		16,866
Total	$	817,500	$	8,770	$	808,730

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
2018	$	7,707
2019		6,075
2020		3,193
2021		3,873
2022		2,303
Thereafter		6,114
Total minimum payments		29,265
Amount representing interest		2,115
Obligations under capital leases		27,150
Obligations due within one year		7,095
Long-term obligations under capital leases	$	20,055

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
2018	$	61,630
2019		56,349
2020		51,287
2021		43,443
2022		37,658
Thereafter		240,761
Total minimum payments	$	491,128

Schedule of Rent Expense for All Operating Leases

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

	Rent expense
Fiscal 2017	$	95,014
Fiscal 2016	$	97,357
Fiscal 2015	$	87,864

Schedule of Deferred Compensation Amount Outstanding

The amounts outstanding at December 30, 2017 and December 31, 2016 were as follows (amounts in thousands):

	December 30, 2017		December 31, 2016
Deferral elections outstanding	$	15,732	$	14,883
Current portion of deferral elections		1,238		1,675
Long-term portion of deferral elections	$	14,494	$	13,208