Long-term Debt, Net (Tables)

12 Months Ended

Dec. 29, 2019

Debt Disclosure [Abstract]

Schedule of long-term debt, net

Following is a summary of outstanding long-term debt, as of the periods indicated:

	DECEMBER 29, 2019					DECEMBER 30, 2018
(dollars in thousands)	OUTSTANDING BALANCE			INTEREST RATE		OUTSTANDING BALANCE			INTEREST RATE
Senior Secured Credit Facility:
Term loan A (1)	$	450,000		3.40	%	$	475,000		4.14	%
Revolving credit facility (1) (2)	599,000			3.44	%	599,500			4.17	%
Total Senior Secured Credit Facility	1,049,000					1,074,500
Finance lease liabilities	2,308					3,297
Financing obligations	—					19,562			7.58% to 7.82%
Other	50			2.18	%	918			0.00% to 2.18%
Less: unamortized debt discount and issuance costs	(2,654		)			(3,502		)
Total debt, net	1,048,704					1,094,775
Less: current portion of long-term debt	(26,411		)			(27,190		)
Long-term debt, net	$	1,022,293				$	1,067,585

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(1) Interest rate represents the weighted-average interest rate for the respective periods.

(2) Subsequent to December 29, 2019, the Company made payments of $65.0 million, net of borrowings, on its revolving credit facility.

Schedule of interest rate options, senior secured credit facility

The interest rates are as follows:

	BASE RATE ELECTION	EUROCURRENCY RATE ELECTION
Term loan A and revolving credit facility	50 to 100 basis points over Base Rate	150 to 200 basis points over the Eurocurrency Rate

Schedule of maturities of long-term debt

Following is a summary of principal payments of the Company’s total consolidated debt outstanding:

(dollars in thousands)	DECEMBER 29, 2019
2020	$	26,462
2021	38,399
2022	984,030
2023	—
2024	—
Thereafter	—
Total payments	$	1,048,891
Less: finance lease interest	(187		)
Total principal payments	$	1,048,704

Schedule of required amortization payments for term loan A

The following is a summary of required amortization payments for the Term loan A (dollars in thousands):

SCHEDULED QUARTERLY PAYMENT DATES	TERM LOAN A
March 29, 2020 through December 27, 2020	$	6,250
March 28, 2021 through December 26, 2021	$	9,375
March 27, 2022 through September 25, 2022	$	12,500