Long-Term Debt (Tables)

3 Months Ended

Apr. 04, 2020

Debt Disclosure [Abstract]

Schedule of Long-term Debt

	April 4,			December 28,
	2020			2019
	(in thousands)
2018 Senior Notes due 2026	$	365,000		$	315,000
Term loan payable under the 2016 Credit Agreement		64,000			64,000
Long-term debt		429,000			379,000
Fees, costs, discount and premium		(7,797	)		(10,029	)
Long-term debt, net	$	421,203		$	368,971

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 three months ended April 4, 2020, are as follows. All debt-related fees, costs and original issue discount are classified as a reduction of the carrying value of long-term debt:

(in thousands)	Total
At beginning of year	$	10,029
Add: Deferred financing costs from the issuance of the add-on 2018 Senior Notes due 2026		1,266
Less: Premium on the issuance of the add-on 2018 Senior Notes due 2026		(3,187	)
Less: Amortization expense relating to 2016 Credit Agreement		(73	)
Less: Amortization expense relating to 2018 Senior Notes		(238	)
At end of period	$	7,797

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

Estimated amortization expense relating to third-party fees and costs, lender fees and discount for the years indicated as of April 4, 2020, is as follows:

(in thousands)	Total
Remainder of 2020	$	847
2021		1,195
2022		1,245
2023		1,183
2024		1,250
Thereafter		2,077
Total	$	7,797

Contractual Future Maturities of Long-Term Debt Outstanding, Including Remaining Balance of Financing Arrangement Described as Other Debt

As a result of prepayments of the 2016 Credit Agreement due 2022 totaling $204.0 million since its inception in February 2016, we have no future scheduled repayments until the maturity of the facility on October 31, 2022. The contractual future maturities of long-term debt outstanding, including the remaining balance of the financing arrangement described as other debt, as of April 4, 2020, are as follows (at face value):

(in thousands)
Remainder of 2020	$	—
2021		—
2022		64,000
2023		—
2024		—
Thereafter		365,000
Total	$	429,000