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Long-term Debt and Letters of Credit (Tables) | 12 Months Ended
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Dec. 28, 2020
Debt Disclosure [Abstract] |
Long-term Debt | The following table summarizes the long-term debt of the Company as of December 28, 2020 and December 30, 2019:
|  | Interest Rate as of December 28, 2020 |  |  | Principal Outstanding as of December 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 |
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 |
Convertible Senior Notes due December 2020 |  |  | — |  |  |  | — |  |  |  | 1.75 |  |  |  | 249,975 |
|  |  |  |  |  |  | 850,879 |  |  |  |  |  |  |  | 1,500,854 |
Less: Long-term debt unamortized discount |  |  |  |  |  |  | (814 | ) |  |  |  |  |  |  | (11,943 | )
Long-term debt unamortized debt issuance costs |  |  |  |  |  |  | (7,212 | ) |  |  |  |  |  |  | (12,974 | )
|  |  |  |  |  |  | 842,853 |  |  |  |  |  |  |  | 1,475,937 |
Less: current maturities |  |  |  |  |  |  | — |  |  |  |  |  |  |  | (249,975 | )
Long-term debt, less current maturities |  |  |  |  |  | $ | 842,853 |  |  |  |  |  |  | $ | 1,225,962 |
Long-term Debt Maturities | The fiscal calendar maturities of long-term debt through 2025 and thereafter are as follows:
|  | (In thousands) |
2021 |  | $ | — |
2022 |  |  | — |
2023 |  |  | — |
2024 |  |  | 475,879 |
2025 |  |  | 375,000 |
Thereafter |  |  | — |
|  | $ | 850,879 |
Components of Interest Expense from Convertible Senior Notes | The components of interest expense resulting from the Convertible Senior Notes for the years ended December 28, 2020, December 30, 2019 and December 31, 2018 were as follows:
|  | For the Year Ended |
|  | December 28, |  |  | December 30, |  |  | December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | (In thousands) |
Contractual coupon interest |  | $ | 4,180 |  |  | $ | 4,374 |  |  | $ | 4,375 |
Amortization of debt discount |  | $ | 9,926 |  |  | $ | 9,751 |  |  | $ | 9,142 |
Amortization of debt issuance costs |  | $ | 995 |  |  | $ | 977 |  |  | $ | 916 |
Schedule of Remaining Unamortized Debt Discount and Debt Issuance Costs | As of December 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 December 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 |  | $ | 2,695 |  |  | $ | 814 |  |  |  | 4.66 |  | % | $ | 6,663 |  |  | $ | 2,016 |  |  |  | 4.66 |  | %
Senior Notes due October 2025 |  |  | 4,517 |  |  | — |  |  |  | 5.92 |  |  |  | 5,316 |  |  | — |  |  |  | 5.92 |  |
Convertible Senior Notes due December 2020 |  | — |  |  | — |  |  | — |  |  |  | 995 |  |  |  | 9,927 |  |  |  | 6.48 |  |
|  | $ | 7,212 |  |  | $ | 814 |  |  |  |  |  |  | $ | 12,974 |  |  | $ | 11,943 |  |  |  |  |  |

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