Debt (Tables)

9 Months Ended

Sep. 29, 2019

Debt

Schedule of long-term debt, net

Long-term debt, net consists of the following (in thousands):

		September 29,		December 30,
		2019		2018
Outstanding debt	$	378,051	$	625,009
Unamortized debt issuance costs		(2,936)		(3,874)
Current portion of long-term debt		(29,051)		(20,009)
Total long-term debt, less current portion, net	$	346,064	$	601,126

Schedule of Interest Rate Swap Agreements

Effective Dates	Floating Rate Debt			Fixed Rates
April 30, 2018 through April 30, 2023	$	55	million	2.33	%
April 30, 2018 through April 30, 2023	$	35	million	2.36	%
April 30, 2018 through April 30, 2023	$	35	million	2.34	%
January 30, 2018 through August 30, 2022	$	100	million	1.99	%
January 30, 2018 through August 30, 2022	$	75	million	1.99	%
January 30, 2018 through August 30, 2022	$	50	million	2.00	%

Schedule of Location and Amounts of Swaps in the Accompanying Consolidated Financial Statements

The following table provides information on the location and amounts of our swaps in the accompanying condensed consolidated financial statements (in thousands):

	Interest Rate Swap Derivatives
	Fair Value		Fair Value
	September 29,		December 30,
Balance Sheet Location	2019		2018
Other current and long-term assets	$	—	$	4,905
Other current and long-term liabilities	$	7,950	$	—

Schedule of Effect of Derivative Instruments on the Accompanying Consolidated Financial Statements

The effect of derivative instruments on the accompanying condensed consolidated financial statements is as follows (in thousands):

			Location of Gain		Amount of Gain		Total Net interest expense
Derivatives -	Amount of Gain or		or (Loss)		or (Loss)		on Condensed
Cash Flow	(Loss) Recognized		Reclassified from		Reclassified from		Consolidated
Hedging	in AOCI/AOCL		AOCI/AOCL into		AOCI/AOCL into		Statements of
Relationships	on Derivative		Income		Income		Operations
Interest rate swaps for the three months ended:
September 29, 2019	$	(1,437)		Interest expense	$	161	$	(4,249)
September 30, 2018	$	1,483		Interest expense	$	(19)	$	(6,058)
Interest rate swaps for the nine months ended:
September 29, 2019	$	(9,641)		Interest expense	$	849	$	(14,797)
September 30, 2018	$	8,863		Interest expense	$	(216)	$	(16,930)