Long-Term Obligations (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Long-Term Obligations

Long-term obligations consisted of the following as of December 31, 2022 and January 1, 2022 (dollar amounts in thousands):

Instrument	Stated Maturity Date	Contractual Interest Rate	Interest Rate as of December 31, 2022	December 31, 2022			January 1, 2022
2021 Extended Term Loan (1)	07/2028	L + 3.75%	8.14%	$	908,950		$	857,850
Second Lien Term Loan (1)	12/2029	L + 7.00%	11.39%		415,000			415,000
Revolving Credit Facility (1)	04/2026	L + 3.75%	8.14%		-			-
Total principal amount of long-term obligations					1,323,950			1,272,850
Less: unamortized debt issuance costs					(33,668	)		(37,733	)
Total amount of long-term obligations, net of unamortized debt issuance costs					1,290,282			1,235,117
Less: current portion of long-term obligations					(9,200	)		(8,600	)
Total amount of long-term obligations, net of unamortized debt issuance costs, less current portion				$	1,281,082		$	1,226,517
(1) L = Greater of 0.50% or one-month LIBOR

Schedule of Future Maturities of Term Loans

Scheduled future maturities of term loans for each of the next five years subsequent to December 31, 2022 are as follows (amounts in thousands):

Year Ending:
December 30, 2023	$	9,200
December 28, 2024		9,200
January 3, 2026		9,200
January 2, 2027		9,200
January 1, 2028		9,200
Thereafter		1,277,950
Total	$	1,323,950