RECAPITALIZATIONS AND FINANCING ARRANGEMENTS (Tables)

12 Months Ended

Jan. 01, 2017

Debt Disclosure [Abstract]

Schedule of Estimated Fair Value

Management estimated the approximate fair values of the 2012 Fixed Rate Notes and the 2015 Fixed Rate Notes as follows (in thousands):

	January 1, 2017				January 3, 2016
	Principal Amount		Fair Value		Principal Amount		Fair Value
2012 Fixed Rate Notes	$	916,650	$	932,233	$	962,719	$	991,601
2015 Five-Year Notes		495,000		485,595		500,000		489,500
2015 Ten-Year Notes		792,000		765,864		800,000		781,600

Consolidated Long-Term Debt

At January 1, 2017 and January 3, 2016, consolidated long-term debt consisted of the following (in thousands):

	2016			2015
5.216% Class A-2 Notes; expected repayment date January 2019; legal final maturity January 2042	$	916,650		$	962,719
3.484% Class A-2-I Notes; expected repayment date October 2020; legal final maturity October 2045		495,000			500,000
4.474% Class A-2-II Notes; expected repayment date October 2025; legal final maturity October 2045		792,000			800,000
2015 Variable Funding Notes		—			—
Capital lease obligations		5,730			5,996
Debt issuance costs, net of accumulated amortization of $21.1 million in 2016 and $14.7 million in 2015		(21,503	)		(27,922	)
Total debt		2,187,877			2,240,793
Less – current portion		38,887			59,333
Consolidated long-term debt, net of debt issuance costs	$	2,148,990		$	2,181,460

Maturities of Long-Term Debt and Capital Lease Obligations

At January 1, 2017, maturities of long-term debt and capital lease obligations are as follows (in thousands):

2017	$	38,887
2018		38,917
2019		878,821
2020		488,396
2021		8,440
Thereafter		755,919
	$	2,209,380