Long-Term Debt (Tables)

9 Months Ended

Oct. 03, 2020

Debt Disclosure [Abstract]

Schedule of Long-term Debt

	October 3,			December 28,
	2020			2019
	(in thousands)
2018 Senior Notes due 2026, maturing in August 2026	$	365,000		$	315,000
2016 Credit Agreement due 2022, maturing in October 2022		54,000			64,000
Long-term debt		419,000			379,000
Fees, costs, discount and premium		(7,183	)		(10,029	)
Long-term debt, net	$	411,817		$	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 nine months ended October 3, 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		(265	)
Less: Amortization expense relating to 2018 Senior Notes		(660	)
At end of period	$	7,183

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 October 3, 2020, is as follows:

(in thousands)	Total
Remainder of 2020	$	281
2021		1,169
2022		1,223
2023		1,183
2024		1,250
Thereafter		2,077
Total	$	7,183

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 $214.0 million since its inception in February 2016 through October 3, 2020, 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 October 3, 2020, are as follows (at face value):

(in thousands)
Remainder of 2020	$	—
2021		—
2022		54,000
2023		—
2024		—
Thereafter		365,000
Total	$	419,000