Long-Term Debt (Tables)

6 Months Ended

Jul. 04, 2015

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The carrying value of the Term Loan is reflected in our Consolidated Balance Sheets as follows:

(In thousands)	July 4, 2015			January 3, 2015
Principal amount	$	349,125		$	—
Unamortized original issue discount and debt issuance costs	(10,677		)	—
Less current portion of Long-term debt	(242		)	—
Long-term debt	$	338,206		$	—

Interest Income and Interest Expense Disclosure

Interest expense related to the Term Loan was included in Interest expense on the Consolidated Statements of Operations as follows:

	Three Months Ended				Six Months Ended
(In thousands)	July 4, 2015		June 28, 2014		July 4, 2015		June 28, 2014
Contractual interest	$	4,593	$	—	$	5,920	$	—
Amortization of debt issuance costs and discount	821		—		1,105		—
Total Interest expense related to the Term Loan	$	5,414	$	—	$	7,025	$	—