Debt, Lease and Other Commitments (Tables)

12 Months Ended

Dec. 29, 2018

Debt Disclosure [Abstract]

Long-Term Debt and Capital Leases

Long-term debt, including capital lease obligations, consisted of the following at December 29, 2018 and December 30, 2017:

	Interest Rate at December 29, 2018	Final Maturity	December 29, 2018		December 30, 2017
			(Amounts in thousands)
Unsecured credit facility	5.60%	2022	$	—	$	—
2026 notes	3.50%	2026		395,550		394,978
2022 notes	4.38%	2022		398,423		397,941
Accounts receivable securitization facility	3.43%	2020		177,000		—
Capital lease obligations	3.92%	2026		21,942		27,150
Other notes payable	2.10%	2020		8,621		12,167
				1,001,536		832,236
Current maturities of long-term debt and capital lease obligations				10,896		12,095
Long-term debt and capital lease obligations			$	990,640	$	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):

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 12, Derivative Financial Instruments.  The table below presents the borrowings and repayments under the credit facility during fiscal 2018:

	Amount (thousands)
Balance as of December 30, 2017	$	—
Borrowings		5,900
Payments		(5,900	)
Balance as of December 29, 2018	$	—

Schedule of Net Amount Available Under Credit Facility

The table below presents the net amount available under the credit facility as of December 29, 2018:  

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

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 2018:

	Amount (thousands)
High balance	$	4,900
Low balance	$	—

Aggregate Maturities of Debt Outstanding (Including Capital Leases)

Aggregate maturities of debt outstanding, including capital leases, as of December 29, 2018, are as follows (excluding unamortized debt discount and issuance costs) (amounts in thousands):

2019	$	10,896
2020		183,874
2021		3,886
2022		402,395
2023		2,108
Thereafter		404,533
Total	$	1,007,692

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 29, 2018 (amounts in thousands):

	Face Value		Debt issuance costs and debt discount		Net carrying value
2026 notes	$	400,000	$	4,450	$	395,550
2022 notes		400,000		1,577		398,423
Other notes payable		8,750		129		8,621
Total	$	808,750	$	6,156	$	802,594

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

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
2019	$	6,392
2020		3,511
2021		4,191
2022		2,620
2023		2,263
Thereafter		4,631
Total minimum payments		23,608
Amount representing interest		1,666
Obligations under capital leases		21,942
Obligations due within one year		5,896
Long-term obligations under capital leases	$	16,046

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
2019	$	65,071
2020		60,378
2021		50,744
2022		44,798
2023		36,308
Thereafter		232,423
Total minimum payments	$	489,722

Schedule of Rent Expense for All Operating Leases

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

	Rent expense
Fiscal 2018	$	90,660
Fiscal 2017	$	95,014
Fiscal 2016	$	97,357

Schedule of Deferred Compensation Amount Outstanding

The amounts outstanding at December 29, 2018 and December 30, 2017 were as follows (amounts in thousands):

	December 29, 2018		December 30, 2017
Deferral elections outstanding	$	15,996	$	15,732
Current portion of deferral elections		1,015		1,238
Long-term portion of deferral elections	$	14,981	$	14,494