Long-Term Debt (Tables)

12 Months Ended

Jan. 03, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt consisted of the following:

	January 3, 2021				December 29, 2019
	Outstanding Principal		Interest Rate(1)		Outstanding Principal		Interest Rate(1)
	(in thousands)				(in thousands)
Syndicated Credit Facility:
Revolving loan borrowings	$	3,000	4.00	%	$	20,861	3.52	%
Term loan borrowings	282,215		1.87	%	581,655		3.05	%
Total borrowings under Syndicated Credit Facility	285,215		1.89	%	602,516		3.06	%
5.50% Senior Notes due 2028	300,000		5.50	%	—		—	%
Total debt	585,215				602,516
Less: Unamortized debt issue costs	(8,645)				(6,316)
Total debt, net	576,570				596,200
Less: Current portion of long-term debt	(15,319)				(31,022)
Total long-term debt, net	$	561,251			$	565,178

(1) Represents the stated rate of interest, without the effect of debt issuance costs or interest rate swaps.

Debt Instrument Redemption

On or after December 1, 2023, the Company may redeem the Senior Notes, in whole or in part, at any time at the redemption prices listed below, plus accrued and unpaid interest, if any, to (but excluding) the redemption date, if redeemed during the 12-month period commencing on December 1 of the years set forth below:

Period	Redemption Price
2023	102.750	%
2024	101.375	%
2025 and thereafter	100.000	%

Schedule of Future Maturities of Borrowings

The aggregate maturities of borrowings for each of the five fiscal years subsequent to 2020 are as follows:

Fiscal Year	Amount
	(in thousands)
2021	$	15,319
2022	15,319
2023	15,319
2024	15,319
2025	223,939
Thereafter	300,000
Total Debt	$	585,215