Long-Term Obligations and Notes Payable (Tables)

3 Months Ended

Apr. 03, 2021

Debt Disclosure [Abstract]

Schedule of Long-Term Obligations and Notes Payable

Long-term obligations and notes payable consisted of the following as of April 3, 2021 and January 2, 2021, respectively (dollar amounts in thousands):

Instrument	Stated Maturity Date	Contractual Interest Rate (1)	Interest Rate as of April 3, 2021	April 3, 2021			January 2, 2021
Term loan - First Lien Term Loan	03/2024	L + 4.25%	5.25%	$	561,600		$	563,061
Term loan - First Lien Term Loan Amendment	03/2024	L + 5.5%	6.50%		216,580			217,133
Term loan - First Lien Term Loan Fourth Amendment	03/2024	L + 6.25%	7.25%		184,075			184,538
Subordinated term loan - Second Lien Term Loan	03/2025	L + 8.0%	9.00%		240,000			240,000
Revolving Credit Facility	03/2023	L + 4.25%	5.25%		-			-
Notes payable - finance agreements	09/2021	2.07%	2.07%		1,814			2,872
Total principal amount of long-term obligations and notes payable					1,204,069			1,207,604
Less: unamortized debt issuance costs					(29,286	)		(31,332	)
Total amount of long-term obligations and notes payable, net of unamortized debt issuance costs					1,174,783			1,176,272
Less: current portion of long-term obligations and notes payable					(11,724	)		(12,782	)
Total amount of long-term obligations and notes payable, net of unamortized debt issuance costs, less current portion				$	1,163,059		$	1,163,490
(1) L = Greater of 1.00% or one-month LIBOR