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DEBT AND OTHER OBLIGATIONS (Tables)
 4 Months Ended
Apr. 25, 2015
Long-Term Debt and Capital Leases

Long-term debt and capital leases consisted of the following at April 25, 2015 and January 3, 2015 (amounts in thousands):

 

     April 25, 2015      January 3, 2015  

Unsecured credit facility

    $ 3,800       $ 53,000   

Unsecured new term loan

      262,500         270,000   

4.375% senior notes due 2022

      399,334         399,304   

Accounts receivable securitization

      —           —     

Capital lease obligations

      21,453         22,526   

Other notes payable

      18,723         18,606   
  

 

 

     

 

 

  
  705,810      763,436   

Current maturities of long-term debt and capital lease obligations

   34,471      34,496   
  

 

 

     

 

 

  

Total long-term debt and capital lease obligations

 $ 671,339    $ 728,940   
  

 

 

     

 

 

  
Outstanding Principal of New Term Loan is Due and Payable on Fifth Anniversary of Draw Date

The new term loan amortizes in quarterly installments based on an increasing annual percentage. The first payment was due and payable on June 30, 2013 (the last business day of the first calendar quarter ending after the borrowing date), quarterly payments are due on the last business day of each successive calendar quarter and all remaining outstanding principal is due and payable on the fifth anniversary of the borrowing date. The table below presents the principal payment amounts remaining under the new term loan as of April 25, 2015 (amounts in thousands):

 

Fiscal Year

    Payments  

2015

    $ 22,500   

2016

    $ 67,500   

2017

    $ 112,500   

2018

    $ 60,000   
Aggregate Maturities of Debt Outstanding (Including Capital Leases)

Aggregate maturities of debt outstanding, including capital leases and the associated interest, as of April 25, 2015, are as follows (excluding unamortized debt discount and issuance costs) (amounts in thousands):

 

2015

 $ 25,922   

2016

   71,937   

2017

   116,935   

2018

   64,690   

2019

   6,776   

2020 and thereafter

   421,493   
  

 

 

  

Total

 $ 707,753