Long-Term Debt (Tables)

6 Months Ended

Jul. 03, 2022

Long-term debt consisted of the following:


	July 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	$	44,521	3.02	%	$	7,500	4.00	%
Term loan borrowings	207,283		2.95	%	217,631		1.84	%
Total borrowings under Syndicated Credit Facility	251,804		2.96	%	225,131		1.91	%

5.50% Senior Notes due 2028	300,000		5.50	%	300,000		5.50	%

Total debt	551,804				525,131
Less: Unamortized debt issuance costs	(6,437)				(7,073)

Total debt, net	545,367				518,058
Less: Current portion of long-term debt	(14,651)				(15,002)

Total long-term debt, net	$	530,716			$	503,056

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

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details