Long-Term Debt (Tables)

3 Months Ended

Apr. 03, 2022

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments

Long-term debt consisted of the following:

	April 3, 2022				January 2, 2022
	Outstanding Principal		Interest Rate(1)		Outstanding Principal		Interest Rate(1)
	(in thousands)				(in thousands)
Syndicated Credit Facility:
Revolving loan borrowings	$	15,000	1.89	%	$	7,500	4.00	%
Term loan borrowings	213,498		1.88	%	217,631		1.84	%
Total borrowings under Syndicated Credit Facility	228,498		1.88	%	225,131		1.91	%
5.50% Senior Notes due 2028	300,000		5.50	%	300,000		5.50	%
Total debt	528,498				525,131
Less: Unamortized debt issuance costs	(6,756)				(7,073)
Total debt, net	521,742				518,058
Less: Current portion of long-term debt	(14,939)				(15,002)
Total long-term debt, net	$	506,803			$	503,056

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