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Related Party Transactions
9 Months Ended
Sep. 29, 2018
Related Party Transactions [Abstract]  
Related Party Transactions
RELATED PARTY TRANSACTIONS
Based solely on information provided in its most recent public filings, FMR LLC and its affiliates held approximately 10% of the Company’s outstanding common stock. As reported by the Company’s administrative agent, as of September 29, 2018, investment funds managed by an affiliate of FMR LLC held approximately $55 million in principal amount of the Term Loan Facility. Certain FMR LLC affiliates provide recordkeeping services for the Company’s 401(k) plan and provide administrative services for other Company sponsored employee benefit plans. Fees earned by FMR LLC affiliates are not material to the Company’s consolidated financial statements.
During fiscal year 2017, the Company completed four secondary offerings of its common stock held primarily by the Former Sponsors. Following the completion of the final offering in December 2017, the Former Sponsors no longer hold any shares of the Company’s common stock. The Company did not receive any proceeds from the offerings. In accordance with terms of the previously effective registration rights agreement with the Former Sponsors, the Company incurred approximately $4 million of expenses in connection with the offerings during the 39-weeks ended September 30, 2017. Underwriting discounts and commissions were paid by the selling shareholders.