Long-Term Obligations (Tables)

6 Months Ended

Jul. 02, 2022

Debt Disclosure [Abstract]

Schedule of Long-Term Obligations

Long-term obligations consisted of the following as of July 2, 2022 and January 1, 2022, respectively (dollar amounts in thousands):

Instrument	Stated Maturity Date	Contractual Interest Rate	Interest Rate as of July 2, 2022	July 2, 2022			January 1, 2022
2021 Extended Term Loan (1)	07/2028	L + 3.75%	4.69%	$	853,550		$	857,850
Term Loan - Second Lien Term Loan (1)	12/2029	L + 7.00%	7.94%		415,000			415,000
Revolving Credit Facility (1)	04/2026	L + 3.75%	4.69%		15,000			-
Total principal amount of long-term obligations					1,283,550			1,272,850
Less: unamortized debt issuance costs					(35,567	)		(37,733	)
Total amount of long-term obligations, net of unamortized debt issuance costs					1,247,983			1,235,117
Less: current portion of long-term obligations					(8,600	)		(8,600	)
Total amount of long-term obligations, net of unamortized debt issuance costs, less current portion				$	1,239,383		$	1,226,517
(1) L = Greater of 0.50% or one-month LIBOR