Long-Term Debt (Tables)

6 Months Ended

Jul. 02, 2016

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

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

(In thousands)	July 2, 2016			January 2, 2016
Principal amount	$	343,971		$	347,375
Unamortized original issue discount and debt costs	(8,289		)	(8,948		)
Less: Current portion of long-term debt	(20,530		)	(7,557		)
Long-term debt	$	315,152		$	330,870

Interest Income and Interest Expense Disclosure

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

	Three Months Ended				Six Months Ended
(In thousands)	July 2, 2016		July 4, 2015		July 2, 2016		July 4, 2015
Contractual interest	$	4,615	$	4,593	$	9,235	$	5,920
Amortization of original issue discount and debt costs	418		821		659		1,105
Total Interest expense related to the Term Loan	$	5,033	$	5,414	$	9,894	$	7,025

Schedule of Debt

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

Fiscal year	(in thousands)
2016 (remaining 6 months)	$	1,750
2017	23,110
2018	64,016
2019	80,709
2020	90,778
Thereafter	83,608
	$	343,971