Long-Term Debt (Tables)

3 Months Ended

Mar. 30, 2019

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)	March 30, 2019			December 29, 2018
Principal amount	$	236,158		$	263,033
Unamortized original issue discount and debt costs	(2,700		)	(3,386		)
Less: Current portion of long-term debt	(7,796		)	(8,290		)
Long-term debt, net of current portion	$	225,662		$	251,357

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)	March 30, 2019		March 31, 2018
Contractual interest	$	4,316	$	4,528
Amortization of debt issuance costs and discount	687		507
Total interest expense related to the Term Loan	$	5,003	$	5,035

Schedule of Debt

As of March 30, 2019, expected future principal payments on the Term Loan were as follows:

Fiscal year	(in thousands)
2019	9,388
2020	59,291
2021	167,479
	$	236,158