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Debt (Tables)
9 Months Ended
Sep. 25, 2012
Debt [Abstract]  
Details of Debt
                 
    September 25,
2012
    December 27,
2011
 

Term Loan

  $ 374,063     $ —    

Senior Notes

    190,000       —    

Revolving Facility ($100 million) (1)

    —         —    

Old Term Loan

    —         197,700  

Old Senior Subordinated Notes

    —         175,000  

Old Revolving Facility ($75 million) (1)

    —         —    
   

 

 

   

 

 

 
      564,063       372,700  

Less current portion

    3,750       13,540  
   

 

 

   

 

 

 
    $ 560,313     $ 359,160  
   

 

 

   

 

 

 

 

  (1) 

At September 25, 2012, the Company had $82.3 million of borrowing capacity available under its Revolving Facility, net of $17.7 million of outstanding letters of credit and at December 27, 2011, the Company had $57.3 million of borrowing capacity available under its Old Revolving Facility, net of $17.7 million of outstanding letters of credit.

 
Summary of estimated fair value of debt facilities
                 
    September 25,
2012
    December 27,
2011
 

Term Loan

  $ 376,868     $ —    

Senior Notes

    216,600       —    

Old Term Loan

    —         197,700  

Senior Subordinated Notes

    —         179,156  
   

 

 

   

 

 

 
    $ 593,468     $ 376,856  
   

 

 

   

 

 

 

Carrying value

  $ 564,063     $ 372,700