Long-Term Debt (Tables)

9 Months Ended

Oct. 01, 2022

Debt Disclosure [Abstract]

Schedule of Long-term Debt

	October 1,			January 1,
	2022			2022
	(in thousands)
2021 Senior Notes due 2029, maturing in October 2029	$	575,000		$	575,000
2016 Credit Agreement due 2024, maturing in October 2024		60,000			60,000
Long-term debt		635,000			635,000
Deferred financing costs		(8,424	)		(9,345	)
Long-term debt, net	$	626,576		$	625,655

Activity Relating to Deferred Financing Costs Composed of Third-Party Fees and Costs, and Lender Fees

The activity relating to deferred financing costs, composed of third-party fees and costs, and lender fees, for the nine months ended October 1, 2022, are as follows. All deferred financing costs are classified as a reduction of the carrying value of long-term debt:

(in thousands)	Total
At beginning of year	$	9,345
Less: Amortization expense		(921	)
At end of period	$	8,424

Estimated Amortization Expense Relating to Deferred Financing Costs

Estimated amortization expense relating to deferred financing costs for the years indicated as of October 1, 2022, is as follows:

(in thousands)	Total
Remainder of 2022	$	312
2023		1,282
2024		1,282
2025		1,083
2026		1,114
Thereafter		3,351
Total	$	8,424

Contractual Future Maturities of Long-Term Debt

Our contractual future maturities of long-term debt are as follows (at face value):

(in thousands)
Remainder of 2022	$	—
2023		—
2024		60,000
2025		—
2026		—
Thereafter		575,000
Total	$	635,000