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Debt (Tables)

6 Months Ended

Jul. 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		July 1, 2018				December 31, 2017
Revolving Credit Facility		2023		Variable				Varies		Non-public		$	100,000			$	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⁽¹⁾		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											(207	)			(332	)
Unamortized discount on Senior Notes		2025											(65	)			(70	)
Debt issuance costs													(3,415	)			(3,580	)
Total debt													1,131,313				1,088,018
Less: Current portion of debt													-				-
Long-term debt												$	1,131,313			$	1,088,018

⁽¹⁾

Pursuant to the Company’s Term Loan Facility (as defined below) and the indenture under which the 2019 Notes (as defined below) were issued, principal payments will be due in the next twelve months. The Company intends to refinance these amounts and has the capacity to do so under its Revolving Credit Facility (as defined below), which is classified as long-term debt. As such, any amounts due in the next twelve months were classified as non-current.

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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