Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments

Long-term debt consisted of the following:

	December 31, 2023				January 1, 2023
	Outstanding Principal		Interest Rate(1)		Outstanding Principal		Interest Rate(1)
	(in thousands)				(in thousands)
Syndicated Credit Facility:
Revolving loan borrowings	$	—	—	%	$	24,250	5.29	%
Term loan borrowings	121,658		6.61	%	202,082		5.84	%
Total borrowings under Syndicated Credit Facility	121,658		6.61	%	226,332		5.78	%
5.50% Senior Notes due 2028	300,000		5.50	%	300,000		5.50	%
Total debt	421,658				526,332
Less: Unamortized debt issuance costs	(4,445)				(6,118)
Total debt, net	417,213				520,214
Less: Current portion of long-term debt	(8,572)				(10,211)
Total long-term debt, net	$	408,641			$	510,003

(1) Represents the weighted average rate of interest for borrowings under the Syndicated Credit Facility and the stated rate of interest for the 5.50% Senior Notes due 2028, without the effect of debt issuance costs.

Senior Notes 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 2023 are as follows:

Fiscal Year	Amount
	(in thousands)
2024	$	8,572
2025	8,572
2026	8,572
2027	95,942
2028	300,000
Total debt	$	421,658