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Long-term Debt
 3 Months Ended
Mar. 28, 2020
Debt Disclosure [Abstract]  
Long-term Debt Long-term Debt
Long-term debt consists of the following:
In thousands
As of
March 28, 2020
 
As of
December 28, 2019
Term loan, due July 18, 2024
392,375

 
392,375

Revolving credit facility, due July 18, 2024
294,269

 
148,000

Term loan and revolving credit facility before unamortized discount
686,644

 
540,375

Unamortized discount
(3,762
)
 
(3,979
)
Total term loan and revolving credit facility
682,882

 
536,396

Less current maturities
—

 
(10,500
)
Term loan and revolving credit facility - non-current portion
682,882

 
525,896

Finance lease obligations
33,895

 
33,296

Less current maturities
(3,531
)
 
(3,259
)
Long-term debt, less current portion and unamortized debt discount
$
713,246

 
$
555,933


The Company made a $25.0 million principal prepayment in 2019; the table below reflects the application of the prepayment towards quarterly principal payment obligations in 2020, 2021 and 2022.
Scheduled annual maturities of debt are as follows:
Fiscal Period
 
In thousands

2020 - remaining fiscal year
 
$
—

2021
 
—

2022
 
9,125

2023
 
21,000

2024
 
656,519

 
 
$
686,644


We were in compliance with all covenants related to our long-term debt as of March 28, 2020. In March 2020, as a precautionary measure to preserve financial flexibility in light of the uncertainties surrounding the COVID-19 pandemic, the Company borrowed the remaining $146.3 million in available funds under its revolving credit facility all due in 2024. Refer to Note 14. “Subsequent Events” for more information on our long-term debt.