Recapitalizations and Financing Arrangements (Tables)

12 Months Ended

Dec. 29, 2019

Debt Disclosure [Abstract]

Consolidated Long-Term Debt

At December 29, 2019 and December 30, 2018, consolidated long-term debt consisted of the following (in thousands):

	2019			2018
2015 Ten-Year Fixed Rate Notes	$	774,000		$	780,000
2017 Five-Year Fixed Rate Notes		588,000			592,500
2017 Ten-Year Fixed Rate Notes		980,000			987,500
2017 Five-Year Floating Rate Notes		294,000			296,250
2018 7.5-Year Fixed Rate Notes		419,688			422,875
2018 9.25-Year Fixed Rate Notes		395,000			398,000
2019 Ten-Year Fixed Rate Notes		675,000			—
2017 Variable Funding Notes		—			65,000
2019 Variable Funding Notes		—			—
Finance lease obligations		19,657			17,006
Debt issuance costs, net of accumulated amortization of $12.9 million in 2019 and $8.2 million in 2018		(30,896	)		(27,547	)
Total debt		4,114,449			3,531,584
Less – current portion		43,394			35,893
Consolidated long-term debt, net of debt issuance costs	$	4,071,055		$	3,495,691

Maturities of Long-Term Debt and Capital Lease Obligations

At December 29, 2019, maturities of long-term debt and finance lease obligations are as follows (in thousands):

2020	$	43,394
2021		42,842
2022		897,930
2023		34,030
2024		34,144
Thereafter		3,093,005
	$	4,145,345

Schedule of Estimated Fair Value

Management estimated the approximate fair values of the 2019 Ten-Year Fixed Rate Notes, 2018 Notes, 2017 Fixed and Floating Rate Notes and 2015 Notes as follows (in thousands):

	December 29, 2019				December 30, 2018
	Principal Amount		Fair Value		Principal Amount		Fair Value
2015 Ten-Year Fixed Rate Notes	$	774,000	$	804,960	$	780,000	$	783,120
2017 Five-Year Fixed Rate Notes		588,000		588,588		592,500		575,910
2017 Ten-Year Fixed Rate Notes		980,000		1,017,240		987,500		956,888
2017 Five-Year Floating Rate Notes		294,000		294,000		296,250		295,065
2018 7.5-Year Fixed Rate Notes		419,688		431,439		422,875		416,955
2018 9.25-Year Fixed Rate Notes		395,000		414,355		398,000		396,010
2019 Ten-Year Fixed Rate Notes		675,000		675,675		—		—