DEBT AND LINES OF CREDIT (Tables)

3 Months Ended

Apr. 01, 2017


In thousands	April 1, 2017		December 31, 2016		April 2, 2016
Term Loan credit facility, due April 2021 (a)	$	385,105	$	385,794	$	386,952
Revolving credit facility		—		—		—
Capital lease obligations		7,474		7,612		8,003
Total debt		392,579		393,406		394,955
Less: Short-term borrowings (b)		3,701		3,664		3,638
Long-term debt	$	388,878	$	389,742	$	391,317

^(a)

The balance as of April 1, 2017, December 31, 2016 and April 2, 2016 included aggregate unamortized debt discount and deferred financing fees of $4.9 million, $5.2 million and $6.0 million, respectively.

^(b)

At April 1, 2017, December 31, 2016 and April 2, 2016, the balance consisted of Term Loan (as defined below) amortization payments and obligations under capital leases.

Schedule of availability under the Company's ABL Facility


	Total		Borrowing		Outstanding		Letters of		Available		Excess
In thousands	Facility (a)		Base (a)		Borrowings		Credit Issued		Capacity		Capacity (b)
ABL Facility (a)	$	200,000	$	279,023	$	—	$	8,447	$	191,553	$	171,553

^(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.