Debt and Other Obligations (Tables)

9 Months Ended

Oct. 06, 2018

Debt Disclosure [Abstract]

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 October 6, 2018 and December 30, 2017, respectively (amounts in thousands):

	October 6, 2018		December 30, 2017
Unsecured credit facility	$	—	$	—
2026 notes		395,418		394,978
2022 notes		398,312		397,941
Accounts receivable securitization facility		—		—
Capital lease obligations		23,063		27,150
Other notes payable		8,583		12,167
		825,376		832,236
Current maturities of long-term debt and capital lease obligations		11,286		12,095
Total long-term debt and capital lease obligations	$	814,090	$	820,141

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):

	Amountat 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 9, Derivative Financial Instruments,of Notes to Condensed Consolidated Financial Statements of this Form 10-Q.  The table below presents the borrowings and repayments under the credit facility during the forty weeks ended October 6, 2018.

	Amount (thousands)
Balance at December 30, 2017	$	—
Borrowings		1,000
Payments		(1,000	)
Balance at October 6, 2018	$	—

Schedule of Net Amount Available Under Credit Facility

The table below presents the net amount available under the credit facility as of October 6, 2018:

	Amount (thousands)
Gross amount available	$	500,000
Outstanding		—
Letters of credit		(8,300	)
Available for withdrawal	$	491,700

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 the forty weeks ended October 6, 2018:

	Amount (thousands)
High balance	$	1,000
Low balance	$	—

Aggregate Maturities of Debt Outstanding (Including Capital Leases)

Aggregate maturities of debt outstanding, including capital leases and the associated interest, as of October 6, 2018, are as follows (excluding unamortized debt discount and issuance costs) (amounts in thousands):

Remainder of 2018	$	2,372
2019		10,827
2020		7,026
2021		3,598
2022		402,101
2023 and thereafter		405,889
Total	$	831,813

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 6, 2018 (amounts in thousands):

			Debt Issuance Costs
	Face Value		and Debt Discount		Net Carrying Value
2026 notes	$	400,000	$	4,582	$	395,418
2022 notes		400,000		1,688		398,312
Other notes payable		8,750		167		8,583
Total	$	808,750	$	6,437	$	802,313

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):

			Debt Issuance Costs
	Face Value		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