Long-Term Debt (Tables)

3 Months Ended

Apr. 01, 2017

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)	April 1, 2017			December 31, 2016
Principal amount	$	331,441		$	342,221
Unamortized original issue discount and debt costs	(6,666		)	(7,599		)
Less: Current portion of long-term debt	(23,154		)	(33,767		)
Long-term debt	$	301,621		$	300,855

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
(In thousands)	April 1, 2017		April 2, 2016
Contractual interest	$	4,543	$	4,620
Amortization of debt issuance costs and discount	933		241
Total Interest expense related to the Term Loan	$	5,476	$	4,861

Schedule of Debt

As of April 1, 2017, expected future principal payments on the Term Loan were as follows:

Fiscal year	(in thousands)
2017 (remaining 9 months)	$	24,499
2018	33,204
2019	52,993
2020	89,902
2021	130,843
	$	331,441