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Debt (Tables) | 3 Months Ended
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Mar. 29, 2020
Debt Disclosure [Abstract] |
Summary of Debt | Following is a summary of the Company’s debt:
(in thousands) |  | Maturity Date |  | Interest Rate |  | Interest Paid |  | Public or Nonpublic |  | March 29, 2020 |  | December 29, 2019
Term loan facility(1) |  | 6/7/2021 |  | Variable |  | Varies |  | Nonpublic |  | $ | 255,000 |  |  | $ | 262,500 |
Senior notes |  | 2/27/2023 |  | 3.28% |  | Semi-annually |  | Nonpublic |  | 125,000 |  |  | 125,000 |
Revolving credit facility(2) |  | 6/8/2023 |  | Variable |  | Varies |  | Nonpublic |  | 105,000 |  |  | 45,000 |
Senior notes |  | 11/25/2025 |  | 3.80% |  | Semi-annually |  | Public |  | 350,000 |  |  | 350,000 |
Senior notes |  | 10/10/2026 |  | 3.93% |  | Quarterly |  | Nonpublic |  | 100,000 |  |  | 100,000 |
Senior notes |  | 3/21/2030 |  | 3.96% |  | Quarterly |  | Nonpublic |  | 150,000 |  |  | 150,000 |
Unamortized discount on senior notes(3) |  | 11/25/2025 |  |  |  |  |  |  |  | (50) |  |  | (52) |
Debt issuance costs |  |  |  |  |  |  |  |  |  | (2,361) |  |  | (2,528) |
Long-term debt |  |  |  |  |  |  |  |  |  | $ | 1,082,589 |  |  | $ | 1,029,920 |
(1)The Company intends to refinance principal payments due in the next 12 months under the term loan facility, and has the capacity to do so under its revolving credit facility, which is classified as long-term debt. As such, any amounts due in the next 12 months were classified as noncurrent. (2)The Company’s revolving credit facility has an aggregate maximum borrowing capacity of $500 million, which may be increased at the Company’s option to $750 million, subject to obtaining commitments from the lenders and satisfying other conditions specified in the credit agreement. The Company currently believes all banks participating in the revolving credit facility have the ability to and will meet any funding requests from the Company. (3)The senior notes due in 2025 were issued at 99.975% of par.

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
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