Debt (Tables)

3 Months Ended

Apr. 01, 2018

Debt Disclosure [Abstract]

Summary of Debt

Following is a summary of the Company’s debt:

(in thousands)	Maturity	Interest Rate	Interest Paid	Public / Non-public	April 1, 2018			December 31, 2017
Revolving Credit Facility	2019	Variable	Varies	Non-public	$	180,000		$	207,000
Term Loan Facility(1)	2021	Variable	Varies	Non-public		300,000			300,000
Senior Notes	2023	3.28%	Semi-annually	Non-public		125,000			125,000
Senior Notes	2030	3.96%	Quarterly	Non-public		150,000			-
Senior Notes	2019	7.00%	Semi-annually	Public		110,000			110,000
Senior Notes	2025	3.80%	Semi-annually	Public		350,000			350,000
Unamortized discount on Senior Notes	2019					(270	)		(332	)
Unamortized discount on Senior Notes	2025					(67	)		(70	)
Debt issuance costs						(3,554	)		(3,580	)
Total debt						1,211,109			1,088,018
Less: Current portion of debt						-			-
Long-term debt					$	1,211,109		$	1,088,018

⁽¹⁾ Under the Company’s Term Loan Facility (as defined below), $15 million will become due in 2018. The Company intends to repay this amount through use of its Revolving Credit Facility (as defined below), which is classified as long-term debt. As such, the $15 million was classified as non-current as of April 1, 2018 and December 31, 2017.