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Debt (Tables)
3 Months Ended
Mar. 29, 2020
Debt  
Schedule of long-term debt, net

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

​

​

​

​

​

​

​

​

​

​

​

​

March 29,

​

​

December 29,

​

​

​

​

2020

​

​

2019

Outstanding debt

​

​

$

365,623

​

$

370,000

Unamortized debt issuance costs

​

​

​

(2,389)

​

​

(2,710)

Current portion of long-term debt

​

​

​

(20,623)

​

​

(20,000)

Total long-term debt, net

​

​

$

342,611

​

$

347,290

​

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):

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​

​

​

​

​

​

​

​

Interest Rate Swap Derivatives

​

​

Fair Value

​

Fair Value

​

​

March 29,

​

December 29,

Balance Sheet Location

​

2020

​

2019

​

​

​

​

​

​

​

Other current and long-term liabilities

​

$

17,020

​

$

6,168

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):

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Location of Gain

​

Amount of Gain

​

​

Derivatives -

​

Amount of Gain or

​

or (Loss)

​

or (Loss)

​

Total Net Interest Expense

Cash Flow

​

(Loss) Recognized

​

Reclassified from

​

Reclassified from

​

on Condensed

Hedging

​

in AOCL

​

AOCL into

​

AOCL into

​

Consolidated Statements

Relationships

​

on Derivative

​

Income

​

Income

​

of Operations

​

​

​

​

​

​

​

​

​

​

​

​

​

Interest rate swaps for the three months ended:

March 29, 2020

​

$

(8,408)

​

 

Interest expense

​

$

(330)

​

$

(3,967)

March 31, 2019

​

$

(3,037)

​

 

Interest expense

​

$

148

​

$

(6,276)

​