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Debt and Other Obligations (Tables) | 9 Months Ended
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Oct. 07, 2017
Debt Disclosure [Abstract] |
Long-Term Debt and Capital Leases (Net of Issuance Costs and Debt Discounts Excluding Line-of-credit Arrangements) | Long-term debt and capital leases (net of issuance costs and debt discounts excluding line-of-credit arrangements) consisted of the following at October 7, 2017 and December 31, 2016, respectively (amounts in thousands):
|  | October 7, 2017 |  |  | December 31, 2016 |
Unsecured credit facility |  | $ | 6,500 |  |  | $ | 24,000 |
2026 notes |  |  | 394,847 |  |  |  | 394,406 |
2022 notes |  |  | 397,828 |  |  |  | 397,458 |
Accounts receivable securitization facility |  |  | 15,000 |  |  |  | 95,000 |
Capital lease obligations |  |  | 28,577 |  |  |  | 30,427 |
Other notes payable |  |  | 13,356 |  |  |  | 16,866 |
|  |  | 856,108 |  |  |  | 958,157 |
Current maturities of long-term debt and capital lease obligations |  |  | 12,469 |  |  |  | 11,490 |
Total long-term debt and capital lease obligations |  | $ | 843,639 |  |  | $ | 946,667 |
Schedule of debt discount, underwriting fees and the legal and other fees | The table below presents the debt discount, underwriting fees and the legal and other fees for issuing the 2026 notes (amounts in thousands):
|  | Amount at Issuance |
Debt discount |  | $ | 2,108 |
Underwriting, legal, and other fees |  |  | 3,634 |
Total fees |  | $ | 5,742 |
Schedule of Borrowings and Repayments Under Credit Facility | Amounts outstanding under the credit facility vary daily. Changes in the gross borrowings and repayments can be caused by cash flow activity from operations, capital expenditures, acquisitions, dividends, share repurchases, and tax payments, as well as derivative transactions, which are part of the company’s overall risk management strategy as discussed in Note 9, Derivative Financial Instruments. The table below presents the borrowings and repayments under the credit facility during the forty weeks ended October 7, 2017.
|  | Amount (thousands) |
Balance at December 31, 2016 |  | $ | 24,000 |
Borrowings |  |  | 421,200 |
Payments |  |  | (438,700 | )
Balance at October 7, 2017 |  | $ | 6,500 |
Schedule of Net Amount Available Under Credit Facility | The table below presents the net amount available under the credit facility as of October 7, 2017:
|  | Amount (thousands) |
Gross amount available |  | $ | 500,000 |
Outstanding |  |  | (6,500 | )
Letters of credit |  |  | (8,698 | )
Available for withdrawal |  | $ | 484,802 |
Schedule of Highest and Lowest Outstanding Balance Under Credit Facility | The table below presents the highest and lowest outstanding balance under the credit facility during the forty weeks ended October 7, 2017:
|  | Amount (thousands) |
High balance |  | $ | 47,500 |
Low balance |  | $ | — |
Aggregate Maturities of Debt Outstanding (Including Capital Leases) | The company paid off two term loans during the third quarter of fiscal 2016 at issuance of the 2026 notes. A total of $1.9 million was recognized as an extinguishment of debt cost at payoff. The loss on extinguishment was recorded as interest expense. Aggregate maturities of debt outstanding, including capital leases and the associated interest, as of October 7, 2017, are as follows (excluding unamortized debt discount and issuance costs) (amounts in thousands):
Remainder of 2017 |  | $ | 2,676 |
2018 |  |  | 12,095 |
2019 |  |  | 25,623 |
2020 |  |  | 11,844 |
2021 |  |  | 3,598 |
2022 and thereafter |  |  | 807,991 |
Total |  | $ | 863,827 |
Reconciliation of Debt Issuance Costs and Debt Discounts to the Net Carrying Value for Each Debt Obligation (Excluding Line of Credit Arrangements) | Debt discount and issuance costs are being amortized straight-line (which approximates the effective method) over the term of the underlying debt outstanding. The table below reconciles the debt issuance costs and debt discounts to the net carrying value of each of our debt obligations (excluding line-of-credit arrangements) at October 7, 2017 (amounts in thousands):
|  |  |  |  |  | Debt issuance costs |  |  |  |  |
|  | Face Value |  |  | and debt discount |  |  | Net carrying value |
2026 notes |  | $ | 400,000 |  |  | $ | 5,153 |  |  | $ | 394,847 |
2022 notes |  |  | 400,000 |  |  |  | 2,172 |  |  |  | 397,828 |
Other notes payable |  |  | 13,750 |  |  |  | 394 |  |  |  | 13,356 |
Total |  | $ | 813,750 |  |  | $ | 7,719 |  |  | $ | 806,031 |
The table below reconciles the debt issuance costs and debt discounts to the net carrying value of each of our debt obligations (excluding line-of-credit arrangements) at December 31, 2016 (amounts in thousands):
|  |  |  |  |  | Debt issuance costs |  |  |  |  |
|  | Face Value |  |  | and debt discount |  |  | Net carrying value |
2026 notes |  | $ | 400,000 |  |  | $ | 5,594 |  |  | $ | 394,406 |
2022 notes |  |  | 400,000 |  |  |  | 2,542 |  |  |  | 397,458 |
Other notes payable |  |  | 17,500 |  |  |  | 634 |  |  |  | 16,866 |
Total |  | $ | 817,500 |  |  | $ | 8,770 |  |  | $ | 808,730 |

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