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Long-Term Debt Long term debt table (Tables)
6 Months Ended
Jun. 24, 2018
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Long-term debt as of June 24, 2018, December 31, 2017, and June 25, 2017 consisted of the following:
(In thousands)
June 24, 2018
 
December 31, 2017
 
June 25, 2017
 
 
 
 
 
 
Revolving credit facility (due 2022)
$
25,000

 
$

 
$

Term debt (1)
 
 
 
 
 
April 2017 U.S. term loan averaging 3.54% (due 2017-2024)
735,000

 
735,000

 
750,000

Notes
 
 
 
 
 
April 2017 U.S. fixed rate notes at 5.375% (due 2027)
500,000

 
500,000

 
500,000

June 2014 U.S. fixed rate notes at 5.375% (due 2024)
450,000

 
450,000

 
450,000

 
1,710,000

 
1,685,000

 
1,700,000

Less current portion
(1,875
)
 

 
(7,500
)
 
1,708,125

 
1,685,000

 
1,692,500

Less debt issuance costs and original issue discount
(23,793
)
 
(24,485
)
 
(24,609
)
 
$
1,684,332

 
$
1,660,515

 
$
1,667,891

(1)
The average interest rate is calculated over the life of the instrument and does not reflect the effect of interest rate swap agreements (see Note 6).