Long-Term Debt (Tables)

6 Months Ended

Jul. 02, 2016

Debt Disclosure [Abstract]

Schedule of Debt

Long-term debt outstanding consisted of the following:

(in thousands)	July 2, 2016			January 2, 2016
Revolving credit facility	$	—		$	—
Other long-term debt	1,402,750			388,396
Debt issuance costs, net  (1)	(11,345		)	(7,554		)
Total debt, net	1,391,405			380,842
Current portion of long-term debt	(49,000		)	(8,541		)
Total long-term debt, net	$	1,342,405		$	372,301

⁽¹⁾ We retrospectively adopted new accounting guidance requiring debt issuance costs to be presented as a direct reduction of the associated liability. See Note 2 for further details.

Schedule of Extinguishment of Debt

The loss on early extinguishment of debt was calculated as follows:

(in thousands)	Amount
Repayment of private placement senior notes	$	100,000
Penalty on early extinguishment	6,170
Book value of private placement debt, including unamortized fair value adjustment	(101,421		)
Loss on early extinguishment of debt	$	4,749