Indebtedness and Interest Expense (Tables)

12 Months Ended

Dec. 29, 2019

Debt Disclosure [Abstract]

Schedule of Debt

•2019 Term Loan Facility:

Margin for Base Rate Loans	Margin for LIBOR Loans
5.50%	6.50%

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

	December 29, 2019			December 30, 2018
	(in thousands)
Term loan facility	$	760,000		$	723,900
Senior Notes	215,721			255,000
Total debt outstanding	975,721			978,900
Less:
Unamortized original issue discount	(29,310		)	(1,153		)
Deferred financing costs, net	(16,843		)	(8,633		)
Current portion of Term Loan Facility	(7,600		)	(7,600		)
Bank indebtedness and other long-term debt, net of deferred financing costs, less current portion	$	921,968		$	961,514

We were in compliance with the debt covenants in effect as of December 29, 2019 for both the secured credit facilities and the Senior Notes.

•2019 Revolving Credit Facility:

Net Total Leverage Ratio	Revolver - Base Rate Loans	Revolver - LIBOR Loans
Greater than 4.80 to 1.00	5.50%	6.50%
Less than or equal to 4.80 to 1.00 but greater than 4.30 to 1.00	5.25%	6.25%
Less than or equal to 4.30 to 1.00	5.00%	6.00%

The applicable commitment fee rate under the 2019 Revolving Credit Facility is determined as follows:

Net Total Leverage Ratio	Commitment Fee
Greater than 4.30 to 1.00	0.50%
Less than or equal to 4.30 to 1.00	0.375%

Schedule of Future Debt Payment Obligations

The following table sets forth our future debt payment obligations as of December 29, 2019 (in thousands):

One year or less	$	7,600
Two years	7,600
Three years	223,321
Four years	7,600
Five years	7,600
Thereafter	722,000
	$	975,721
Less: debt financing costs, net	(16,843		)
Less: unamortized discount	(29,310		)
	$	929,568

Schedule of Interest Expense

Interest expense consisted of the following for the periods presented:

	Fiscal Year Ended
	December 29, 2019		December 30, 2018		December 31, 2017
	(in thousands)
Term loan facility (1)	$	51,150	$	39,065	$	31,549
Senior Notes	19,957		20,330		20,330
Capital lease obligations	1,485		1,643		1,695
Sale leaseback obligations	10,332		10,488		10,585
Amortization of debt issuance costs	3,659		3,803		4,005
Other	660		954		951
Total interest expense	$	87,243	$	76,283	$	69,115

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(1)    Includes amortization of original issue discount