Debt (Tables)

6 Months Ended

Jul. 03, 2022

Debt Disclosure [Abstract]

Summary of Property Mortgage Loans, Net of Debt Issuance Costs

Debt balances, net of debt issuance costs, are as follows:

	As of
(in thousands)	July 3, 2022			January 2, 2022
Senior Secured Notes, interest at 8.1764% for the Initial Notes and 8.5% for the Additional Notes, maturing March 2027	$	550,094		$	447,719
Other loans (see additional description below)		20,670			18,547
		570,764			466,266
Less: Current portion of long-term debt		(11,133	)		(6,923	)
Total long-term debt, net of current portion	$	559,631		$	459,343

Property mortgage loans, net of debt issuance costs, are as follows:

	As of
(in thousands)	July 3, 2022		January 2, 2022
Term loan, interest at 5.34%, maturing February 2024	$	54,457	$	54,293
Mezzanine loan, interest at 7.25%, maturing February 2024		61,388		60,829
Total property mortgage loans	$	115,845	$	115,122

Related party loans, net of current portion and imputed interest, are as follows:

	As of
(in thousands)	July 3, 2022			January 2, 2022
Related party loans, unsecured, 7% interest bearing, maturing September 2023 (see additional description below)	$	23,060		$	21,092
Related party loans, unsecured, 4% interest bearing, maturing December 2022		423			569
		23,483			21,661
Less: Current portion of related party loans		(423	)		(21,661	)
Total related party loans, net of current portion	$	23,060		$	-

Summary Of remaining loans consist

The remaining loans consist of the following:

	Currency	Maturity date	Principal balance as of July 3, 2022		Applicable interest rate as of July 3, 2022
Greek Street loan	£	January 2028	$	3,757		7.5	%
Farmhouse loan	£	July 2022		10,151		7.9	%
Compagnie de Phalsbourg credit facility	€	January 2025		5,400		7	%
Greek government loan	€	July 2025		1,369		3.1	%

Summary of Future Principal Payments for the Company's Debt, Property Mortgage Loans, and Related Party Loans

The following table presents future principal payments for the Company’s debt, property mortgage loans, and related party loans as of July 3, 2022:

(in thousands)
Remainder of 2022	$	11,195
2023		23,706
2024		117,699
2025		7,511
2026		786
Thereafter		559,691
	$	720,588