XML 55 R44.htm IDEA: XBRL DOCUMENT v3.21.2
Debt (Narrative) (Details)
3 Months Ended 9 Months Ended
Sep. 02, 2021
USD ($)
Dec. 31, 2021
Oct. 01, 2021
USD ($)
Oct. 01, 2021
USD ($)
Sep. 01, 2021
USD ($)
Dec. 31, 2020
USD ($)
Debt Instrument [Line Items]            
Credit facility maximum borrowing capacity $ 1,000,000,000          
Unamortized debt issuance costs     $ 6,645,000 $ 6,645,000   $ 6,715,000
Secured Debt | Senior secured term loan A            
Debt Instrument [Line Items]            
Debt instrument term 5 years          
Debt weighted average interest rate     1.83% 1.83%    
Secured Debt | Senior secured term loan B            
Debt Instrument [Line Items]            
Debt instrument term 7 years          
Discount percentage 0.50%          
Debt weighted average interest rate     3.00% 3.00%    
Write off of debt issuance cost       $ 500,000    
Original issue discount $ 1,800,000          
Secured Debt | Senior secured term loan B | Base rate            
Debt Instrument [Line Items]            
Variable rate basis spread       1.50%    
Secured Debt | Senior secured term loan B | London Interbank Offered Rate One- Month (LIBOR)            
Debt Instrument [Line Items]            
Variable rate basis spread       2.50%    
Interest rate floor       0.50%    
Loans Payable            
Debt Instrument [Line Items]            
Debt issuance costs 8,800,000          
Loans Payable | Long-term Debt            
Debt Instrument [Line Items]            
Debt issuance costs 6,000,000          
Revolving Credit Facility            
Debt Instrument [Line Items]            
Debt weighted average interest rate     1.83% 1.83%    
Revolving Credit Facility | Other Assets            
Debt Instrument [Line Items]            
Debt issuance costs 2,800,000          
Revolving Credit Facility | Line of Credit            
Debt Instrument [Line Items]            
Credit facility maximum borrowing capacity $ 400,000,000       $ 1,600,000,000  
Debt instrument term 5 years          
Remaining borrowing capacity     $ 357,000,000 $ 357,000,000    
Outstanding amount     37,300,000 $ 37,300,000    
Commitment fee on unused portion       0.20%    
Unamortized debt issuance costs     $ 1,200,000 $ 1,200,000    
Write off of debt issuance cost       $ 3,300,000    
Revolving Credit Facility | Line of Credit | Senior secured term loan A | London Interbank Offered Rate One- Month (LIBOR)            
Debt Instrument [Line Items]            
Variable rate basis spread       1.00%    
Revolving Credit Facility | Line of Credit | Senior secured term loan A | Federal funds rate            
Debt Instrument [Line Items]            
Variable rate basis spread       0.50%    
Revolving Credit Facility | Secured Debt | Senior secured term loan A            
Debt Instrument [Line Items]            
Net leverage ratio incremental increase option     5.50 5.50    
Interest expense ratio       2.50    
Revolving Credit Facility | Secured Debt | Senior secured term loan A | Forecast            
Debt Instrument [Line Items]            
Net leverage ratio incremental increase option   5.00        
Swingline loans | Line of Credit            
Debt Instrument [Line Items]            
Credit facility maximum borrowing capacity     $ 40,000,000 $ 40,000,000    
Standby Letters of Credit            
Debt Instrument [Line Items]            
Letters of credit outstanding amount     $ 5,700,000 $ 5,700,000    
Minimum | Revolving Credit Facility | Line of Credit            
Debt Instrument [Line Items]            
Commitment fee on unused portion       0.15%    
Minimum | Revolving Credit Facility | Line of Credit | London Interbank Offered Rate One- Month (LIBOR)            
Debt Instrument [Line Items]            
Variable rate basis spread       1.25%    
Minimum | Revolving Credit Facility | Line of Credit | Senior secured term loan A | Base rate            
Debt Instrument [Line Items]            
Variable rate basis spread       0.25%    
Maximum | Revolving Credit Facility | Line of Credit            
Debt Instrument [Line Items]            
Commitment fee on unused portion       0.25%    
Maximum | Revolving Credit Facility | Line of Credit | London Interbank Offered Rate One- Month (LIBOR)            
Debt Instrument [Line Items]            
Variable rate basis spread       2.25%    
Maximum | Revolving Credit Facility | Line of Credit | Senior secured term loan A | Base rate            
Debt Instrument [Line Items]            
Variable rate basis spread       1.25%