Debt (Tables)

6 Months Ended

Jul. 01, 2016

Long-term debt is comprised of the following (in thousands):



	As of
	July 1, 2016			January 1, 2016
Senior secured term loan A	$	365,625		$	375,000
Senior secured term loan B	1,019,875			1,025,000
9.125% senior notes due 2023	360,000			360,000
Revolving line of credit	55,000			—
Less unamortized discount on term loan B and debt issuance costs	(43,644		)	(45,947		)
Total debt	1,756,856			1,714,053
Less current portion of long-term debt	29,000			29,000
Total long-term debt	$	1,727,856		$	1,685,053

Schedule of Maturities of Long-term Debt

Contractual maturities under the Senior Secured Credit Facilities and Senior Notes for the remainder of 2016 and the five years and thereafter, excluding any discounts or premiums, as of July 1, 2016 are as follows (in thousands):



Remaining in 2016	$	14,500
2017	31,344
2018	40,719
2019	47,750
2020	102,750
Thereafter	1,563,437
Total	$	1,800,500

Schedule of Interest Rate Derivatives

Information regarding the Company’s outstanding interest rate swap as of July 1, 2016 is as follows (dollars in thousands):

Instrument

Type of Hedge

Notional Amount

Start Date

End Date

Pay Fixed Rate

Receive Current Floating Rate

Fair Value July 1, 2016

Balance Sheet Location

Interest Rate Swap

Cash Flow

200,000

Jun-17

Jun-20

1.1325

N/A

(1,819

)

Other Long-Term Liabilities

Schedule of Deferred Financing Fees

The change in deferred debt issuance costs related to the Company’ Revolving Credit Facility is as follows (in thousands):



At January 1, 2016	$	4,791
Amortization during the period	(496		)
At July 1, 2016	$	4,295

The change in unamortized discount and debt issuance costs related to the Term Loan Facilities and Senior Notes is as follows (in thousands):



	Debt Issuance Costs			Unamortized Discount on TLB Facility			Total
At January 1, 2016	$	35,908		$	10,039		$	45,947
Financing costs incurred	781			—			781
Amortization during the period	(2,435		)	(649		)	(3,084		)
At July 1, 2016	$	34,254		$	9,390		$	43,644