Long-Term Debt (Tables)

9 Months Ended

Oct. 01, 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)	October 1, 2016			January 2, 2016
Principal amount	$	343,096		$	347,375
Unamortized original issue discount and debt costs	(7,736		)	(8,948		)
Less: Current portion of long-term debt	(27,613		)	(7,557		)
Long-term debt	$	307,747		$	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				Nine Months Ended
(In thousands)	October 1, 2016		October 3, 2015		October 1, 2016		October 3, 2015
Contractual interest	$	4,563	$	4,633	$	13,798	$	10,553
Amortization of original issue discount and debt costs	553		932		1,212		2,037
Total Interest expense related to the Term Loan	$	5,116	$	5,565	$	15,010	$	12,590

Schedule of Debt

As of October 1, 2016, minimum expected future principal payments on the Term Loan were as follows:

Fiscal year	(in thousands)
2016 (remaining 3 months)	$	875
2017	38,008
2018	52,895
2019	60,247
2020	64,794
Thereafter	126,277
	$	343,096