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Long-Term Debt (Tables)
12 Months Ended
Dec. 30, 2017
Debt Disclosure [Abstract]  
Schedule of Long-term Debt

Long-term debt consists of the following:

 

     December 30,      December 31,  
     2017      2016  
     (in thousands)  

Term loan payable with a payment of $0.675 million due quarterly. A lump sum payment of $253.8 million due on February 15, 2022. Interest payable quarterly at LIBOR or the prime plus an applicable margin. At December 30, 2017, the average rate is 1.46% plus a margin of 4.75%. At December 31, 2016, the average rate was 1.00% plus a margin of 5.75%.

   $ 223,975      $ 263,975  

Other debt

     458        —    

Fees, costs and original issue discount (1)

     (11,460      (16,102
  

 

 

    

 

 

 
     212,973        247,873  

Less current portion of long-term debt

     (294      —    
  

 

 

    

 

 

 

Long-term debt, less current portion

   $ 212,679      $ 247,873  
  

 

 

    

 

 

 

 

(1) Fees, costs and original issue discount represents third-party fees, lender fees, other debt-related costs, and original issue discount, recorded as a reduction of the carrying value of the debt, and is being amortized over the life of the debt instrument under the effective interest method.
Activity Relating to Third-Party Fees and Costs, Lender Fees and Discount

The activity relating to third-party fees and costs, lender fees and discount for the year ended December 30, 2017, are as follows:

 

(in thousands)    Total  

At beginning of year

   $ 16,102  

Amortization expense through February 17, 2017

     (359
  

 

 

 

At time of refinancing

     15,743  

Less: Amortization expense after repricing

     (2,394

Less: Accelerated amortization relating to debt prepayment

     (1,889
  

 

 

 

At end of year

   $ 11,460  
  

 

 

 
Estimated Amortization Expense Relating to Third-Party Fees and Costs, Lender Fees and Discount and Debt Issuance Costs

Estimated amortization expense relating to third-party fees and costs, lender fees and discount for the years indicated, as of December 30, 2017, is as follows:

 

(in thousands)    Total  

2018

   $ 2,583  

2019

     2,754  

2020

     2,996  

2021

     2,775  

2022

     352  
  

 

 

 

Total

   $ 11,460  
  

 

 

 
Contractual Future Maturities of Long-Term Debt Outstanding, Including Other Debt Relating to Software License Financing Arrangement

The contractual future maturities of long-term debt outstanding, including other debt relating to our software license financing arrangement, as of December 30, 2017, are as follows (at face value):

 

(in thousands)    Total  

2018

   $ 294  

2019

     164  

2020

     —    

2021

     —    

2022

     223,975  
  

 

 

 

Total

   $ 224,433