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Long-term Debt and Letters of Credit (Tables)

12 Months Ended

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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