Debt (Tables)

9 Months Ended

12 Months Ended

Oct. 01, 2016

Jan. 02, 2016

Debt Disclosure [Abstract]

Components of Debt

USF’s debt consisted of the following (in thousands):

Debt Description	Maturity		Interest rate at October 1, 2016			October 1, 2016			January 2, 2016
ABL Facility		October 20, 2020		3.04	%	$	30,000		$	—
2012 ABS Facility		September 30, 2018		1.76			680,000			586,000
Amended and Restated 2016 Term Loan (net of $13,825 of unamortized deferred financing costs)		June 27, 2023		4.00			2,180,675			—
Amended 2011 Term Loan (net of $9,848 of unamortized deferred financing costs)		—		—			—			2,037,652
2016 Senior Notes (net of $7,423 of unamortized deferred financing costs)		June 15, 2024		5.88			592,577			—
Old Senior Notes (net of $13,441 of unamortized deferred financing costs)		—		—			—			1,334,835
CMBS Fixed Facility (net of $1,473 of unamortized deferred financing costs)		—		—			—			470,918
Obligations under capital leases		2018 - 2025		2.36 - 6.18			315,325			270,406
Other debt		2018 - 2031		5.75 - 9.00			32,773			33,325
Total debt							3,831,350			4,733,136
Add unamortized premium							—			11,652
Current portion of long-term debt							(75,230	)		(62,639	)
Long-term debt						$	3,756,120		$	4,682,149

USF’s debt consisted of the following (in thousands):

	Contractual Maturity		Interest Rate at January 2, 2016			January 2, 2016			December 27, 2014
Debt Description
ABL Facility		December 31, 2018		—		$	—		$	—
2012 ABS Facility		September 30, 2018		1.40	%		586,000			636,000
Amended 2011 Term Loan (net of $9,848 and $14,641 of unamortized deferred financing costs, respectively)(1)		March 31, 2019		4.5			2,037,652			2,059,110
Senior Notes (net of $13,441 and $17,439 of unamortized deferred financing costs, respectively)(1)		June 30, 2019		8.5			1,334,835			1,332,561
CMBS Fixed Facility (net of $1,473 and $2,497 of unamortized deferred financing costs, respectively)(1)		August 1, 2017		6.38			470,918			469,894
Obligations under capital leases		2018-2025		3.11-6.18			270,406			189,232
Other debt		2018-2031		5.75-9.00			33,325			11,795
Total debt							4,733,136			4,698,592
Add unamortized premium							11,652			14,982
Less current portion of long-term debt							(62,639	)		(51,877	)
Long-term debt						$	4,682,149		$	4,661,697

(1) Prior year amounts have been reclassified to reflect the adoption of ASU 2015-03.

Principal Payments on Outstanding Debt

Principal payments to be made on outstanding debt as of January 2, 2016, were as follows (in thousands):

2016	$	62,639
2017		546,585
2018		668,449
2019		3,374,499
2020		34,795
Thereafter		70,931
	$	4,757,898