Indebtedness and Interest Expense (Tables)

12 Months Ended

Dec. 31, 2017

Our long-term debt consisted of the following for the periods presented:



	December 31, 2017			January 1, 2017
	(in thousands)
Term loan facility	$	731,500		$	739,100
Senior notes	255,000			255,000
Note payable	—			13
Total debt outstanding	986,500			994,113
Less:
Unamortized original issue discount	(1,694		)	(2,235		)
Deferred financing costs, net	(11,993		)	(15,999		)
Current portion	(7,600		)	(7,613		)
Bank indebtedness and other long-term debt, less current portion	$	965,213		$	968,266

We were in compliance with the debt covenants in effect as of December 31, 2017 for both the secured credit facilities and the senior notes. For further discussion regarding the debt covenants, see Secured Credit Facilities and Senior Unsecured Notes sections below.

Schedule of Future Debt Payment Obligations

The following table sets forth our future debt payment obligations as of December 31, 2017 (in thousands):



One year or less	$	7,600
Two years	7,600
Three years	7,600
Four years	708,700
Five years	255,000
	986,500
Less: debt financing costs, net	(11,993		)
Less: unamortized discount	(1,694		)
	$	972,813

Schedule of Interest Expense

Interest expense consisted of the following for the periods presented:



	Fiscal Year Ended
	December 31, 2017		January 1, 2017		January 3, 2016
	(in thousands)
Term loan facility ⁽¹⁾	$	31,549	$	30,987	$	31,760
Senior notes	20,330		19,774		21,023
Capital lease obligations	1,695		1,749		1,791
Sale leaseback obligations	10,585		10,714		11,096
Amortization of debt issuance costs	4,005		4,005		4,083
Other	951		516		829
Total interest expense	$	69,115	$	67,745	$	70,582

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(1) Includes amortization of original issue discount