DEBT AND LINES OF CREDIT (Tables)

6 Months Ended

Jul. 04, 2015

In thousands	July 4, 2015		January 3, 2015		July 5, 2014
Term Loan credit facility, due April 2021 (a)	$	394,306	$	396,158	$	398,054
Revolving credit facility	--		6,000		2,000
Capital lease obligations	8,361		8,585		8,795

Total debt	402,667		410,743		408,849
Less: Short-term borrowings (b)	4,485		10,459		6,434

Long-term debt	$	398,182	$	400,284	$	402,415

^(a)

The balance as of July 4, 2015, January 3, 2015 and July 5, 2014 included an unamortized debt discount of $1.7 million, $1.8 million and $1.9 million, respectively.

^(b)

At July 4, 2015, January 3, 2015 and July 5, 2014, the balance consisted of $4.0 million of Term Loan amortization payments, outstanding borrowings under the Company’s amended and restated revolving credit facility (as amended to date, the “ABL Facility”) and obligations under capital leases.

Schedule of availability under the Company's ABL Facility

As of July 4, 2015, availability under the Company’s ABL Facility was as follows:

In thousands		Total Facility (a)		Borrowing Base (a)		Outstanding Borrowings		Letters of Credit Issued		Available Capacity		Excess Capacity (b)
Revolving credit facility (a)		$ 200,000		$ 214,101		$ --		$ 10,690		$ 189,310		$ 169,310

^(a)

Availability under the ABL Facility is the lesser of $200.0 million or a borrowing base that is computed monthly and comprised of the Company’s eligible cash, accounts receivable and inventory.

^(b)

Excess capacity represents available capacity reduced by the minimum required aggregate borrowing availability under the ABL Facility of $20.0 million.