Long-Term Debt (Tables)

12 Months Ended

Jan. 02, 2016

Jan. 03, 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)	January 2, 2016			January 3, 2015
Principal amount	$	347,375		$	—
Unamortized original issue discount and debt issuance costs	(8,948		)	—
Less: Current portion of long-term debt	(7,557		)	—
Long-term debt	$	330,870		$	—

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:

			Year Ended
(in thousands)	January 2, 2016		January 3, 2015		December 28, 2013
Contractual interest	$	15,225	—		—
Amortization of debt issuance costs and discount	2,835		—		—
Total Interest expense related to the Term Loan	$	18,060	$	—	$	—

Future principal payments

As of January 2, 2016, expected future principal payments on the Term Loan were as follows:

Fiscal year	(in thousands)
2016	$	10,500
2017	56,173
2018	82,773
2019	107,396
2020	69,040
Thereafter	21,493
	$	347,375