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Debt (Tables)
6 Months Ended
Jun. 27, 2014
Debt [Abstract]  
Long-term debt, net of discount
Long-term debt, net of discount, consisted of the following (in thousands):

 
 
June 27, 2014
  
December 27, 2013
 
Term A Loan
 
$
89,578
  
$
83,155
 
Term B Loan
  
48,195
   
31,082
 
Senior convertible notes
  
-
   
22,315
 
Less:  Term Loan discounts
  
(21,542
)
  
(24,207
)
 
  
116,231
   
112,345
 
Less: current portion
  
-
   
(22,315
)
 
 
$
116,231
  
$
90,030
 
Secured leverage ratio requirements
Under the credit agreement, as amended in February 2014, the secured leverage ratio requirements, as defined in the agreement, are set forth in the table below:

Test Period End Date(s)
Secured Leverage Ratio
March 31, 2014 through December 31, 2014
11.00 to 1.00
March 31, 2015 through December 31, 2015
9.50 to 1.00
March 31, 2016 through December 31, 2016
8.00 to 1.00
March 31, 2017 through December 31, 2017
5.00 to 1.00