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Long-term Debt and Letters of Credit (Tables)

9 Months Ended

Sep. 27, 2021

Debt Disclosure [Abstract]

Long-term Debt

The following table summarizes the long-term debt of the Company as of September 27, 2021 and December 28, 2020:

		Interest Rate as of September 27, 2021				Principal Outstanding as of September 27, 2021				Interest Rate as of December 28, 2020				Principal Outstanding as of December 28, 2020
		(In thousands)
Senior Notes due March 2029			4.00		%	$	500,000				—		%	$	—
Term Loan due September 2024			2.59				405,879				2.65				405,879
Senior Notes due October 2025			—				—				5.63				375,000
U.S. ABL Revolving Loan due June 2024			—				—				1.40				40,000
Asia ABL Revolving Loan due June 2024			1.49				30,000				1.55				30,000
							935,879								850,879
Less: Long-term debt unamortized discount							(660	)							(814	)
Long-term debt unamortized debt issuance costs							(8,297	)							(7,212	)
							926,922								842,853
Less: current maturities							—								—
Long-term debt, less current maturities						$	926,922							$	842,853

Schedule of Remaining Unamortized Debt Discount and Debt Issuance Costs

As of September 27, 2021 and December 28, 2020, remaining unamortized debt discount and debt issuance costs for the Senior Notes due 2029, Term Loan Facility and Senior Notes due 2025 are as follows:

		As of September 27, 2021												As of December 28, 2020
		Debt Issuance Costs				Debt Discount				Effective Interest Rate				Debt Issuance Costs				Debt Discount				Effective Interest Rate
		(In thousands, except interest rates)
Senior Notes due March 2029		$	6,114			$	—				4.19		%	$	—			$	—				—		%
Term Loan due September 2024			2,183				660				4.66				2,695				814				4.66
Senior Notes due October 2025		—				—					—				4,517			—					5.92
		$	8,297			$	660							$	7,212			$	814

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Schedule of unamortized discount and debt issuance costs.

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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.

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