Long-term Debt (Tables)

6 Months Ended

Jul. 04, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt consisted of the following:

	July 4, 2021				January 3, 2021
	Outstanding Principal		Interest Rate(1)		Outstanding Principal		Interest Rate(1)
	(in thousands)				(in thousands)
Syndicated Credit Facility:
Revolving loan borrowings	$	—	—	%	$	3,000	4.00	%
Term loan borrowings	264,578		1.83	%	282,215		1.87	%
Total borrowings under Syndicated Credit Facility	264,578		1.83	%	285,215		1.89	%
5.50% Senior Notes due 2028	300,000		5.50	%	300,000		5.50	%
Total debt	564,578				585,215
Less: Unamortized debt issuance costs	(7,994)				(8,645)
Total debt, net	556,584				576,570
Less: Current portion of long-term debt	(15,189)				(15,319)
Total long-term debt, net	$	541,395			$	561,251

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