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Long-term Debt and Letters of Credit (Tables) | 9 Months Ended
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Sep. 28, 2020
Debt Disclosure [Abstract] |
Long-term Debt | The following table summarizes the long-term debt of the Company as of September 28, 2020 and December 30, 2019:
|  | Interest Rate as of September 28, 2020 |  |  | Principal Outstanding as of September 28, 2020 |  |  | Interest Rate as of December 30, 2019 |  |  | Principal Outstanding as of December 30, 2019 |
|  | (In thousands) |
Term Loan due September 2024 |  |  | 2.65 |  | % | $ | 405,879 |  |  |  | 4.28 |  | % | $ | 805,879 |
Senior Notes due October 2025 |  |  | 5.63 |  |  |  | 375,000 |  |  |  | 5.63 |  |  |  | 375,000 |
Convertible Senior Notes due December 2020 |  |  | 1.75 |  |  |  | 249,975 |  |  |  | 1.75 |  |  |  | 249,975 |
U.S. ABL Revolving Loan due June 2024 |  |  | 1.40 |  |  |  | 40,000 |  |  |  | 3.03 |  |  |  | 40,000 |
Asia ABL Revolving Loan due June 2024 |  |  | 1.55 |  |  |  | 30,000 |  |  |  | 3.18 |  |  |  | 30,000 |
|  |  |  |  |  |  | 1,100,854 |  |  |  |  |  |  |  | 1,500,854 |
Less: Long-term debt unamortized discount |  |  |  |  |  |  | (3,054 | ) |  |  |  |  |  |  | (11,943 | )
Long-term debt unamortized debt issuance costs |  |  |  |  |  |  | (7,802 | ) |  |  |  |  |  |  | (12,974 | )
|  |  |  |  |  |  | 1,089,998 |  |  |  |  |  |  |  | 1,475,937 |
Less: current maturities |  |  |  |  |  |  | (249,975 | ) |  |  |  |  |  |  | (249,975 | )
Long-term debt, less current maturities |  |  |  |  |  | $ | 840,023 |  |  |  |  |  |  | $ | 1,225,962 |
Schedule of Remaining Unamortized Debt Discount and Debt Issuance Costs | As of September 28, 2020 and December 30, 2019, remaining unamortized debt discount and debt issuance costs for the Term Loan Facility, Senior Notes and Convertible Senior Notes are as follows:
|  | As of September 28, 2020 |  |  | As of December 30, 2019
|  | Debt Issuance Costs |  |  | Debt Discount |  |  | Effective Interest Rate |  |  | Debt Issuance Costs |  |  | Debt Discount |  |  | Effective Interest Rate |  |
|  | (In thousands, except interest rates)
Term Loan due September 2024 |  | $ | 2,862 |  |  | $ | 866 |  |  |  | 4.66 |  | % | $ | 6,663 |  |  | $ | 2,016 |  |  |  | 4.66 |  | %
Senior Notes due October 2025 |  |  | 4,721 |  |  | — |  |  |  | 5.92 |  |  |  | 5,316 |  |  | — |  |  |  | 5.92 |  |
Convertible Senior Notes |  |  | 219 |  |  |  | 2,188 |  |  |  | 6.48 |  |  |  | 995 |  |  |  | 9,927 |  |  |  | 6.48 |  |
|  | $ | 7,802 |  |  | $ | 3,054 |  |  |  |  |  |  | $ | 12,974 |  |  | $ | 11,943 |  |  |  |  |  |

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