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Debt and Other Obligations (Tables) | 9 Months Ended
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Oct. 05, 2019
Debt Disclosure [Abstract] |
Long Term Debt (Net of Issuance Costs and Debt Discounts Excluding Line-of-credit Arrangements) | Long-term debt (net of issuance costs and debt discounts excluding line-of-credit arrangements) (leases are separately discussed in Note 4, Leases) consisted of the following at October 5, 2019 and December 29, 2018, respectively (amounts in thousands):
|  | October 5, 2019 |  |  | December 29, 2018 |
Unsecured credit facility |  | $ | 10,000 |  |  | $ | — |
2026 notes |  |  | 395,990 |  |  |  | 395,550 |
2022 notes |  |  | 398,794 |  |  |  | 398,423 |
Accounts receivable securitization facility |  |  | 69,500 |  |  |  | 177,000 |
Other notes payable |  |  | 3,714 |  |  |  | 8,621 |
|  |  | 877,998 |  |  |  | 979,594 |
Less current maturities of long-term debt |  |  | (3,714 | ) |  |  | (5,000 | )
Total long-term debt |  | $ | 874,284 |  |  | $ | 974,594 |
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, of Notes to Condensed Consolidated Financial Statements of this Form 10-Q. The table below presents the borrowings and repayments under the credit facility during the forty weeks ended October 5, 2019.
|  | Amount (thousands) |
Balance at December 29, 2018 |  | $ | — |
Borrowings |  |  | 208,400 |
Payments |  |  | (198,400 | )
Balance at October 5, 2019 |  | $ | 10,000 |
Schedule of Net Amount Available Under Credit Facility | The table below presents the net amount available under the credit facility as of October 5, 2019:
|  | Amount (thousands) |
Gross amount available |  | $ | 500,000 |
Outstanding |  |  | (10,000 | )
Letters of credit |  |  | (8,400 | )
Available for withdrawal |  | $ | 481,600 |
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 5, 2019:
|  | Amount (thousands) |
High balance |  | $ | 122,200 |
Low balance |  | $ | — |
Aggregate Maturities of Debt Outstanding (Including Capital Leases) | Aggregate maturities of debt outstanding as of October 5, 2019 are as follows (excluding unamortized debt discount and issuance costs) (amounts in thousands):
Remainder of 2019 |  | $ | — |
2020 |  |  | 3,750 |
2021 |  |  | 69,500 |
2022 |  |  | 410,000 |
2023 |  |  | — |
2024 and thereafter |  |  | 400,000 |
Total |  | $ | 883,250 |
Reconciliation of Debt Issuance Costs and Debt Discounts to the Net Carrying Value for Each Debt Obligation (Excluding Line of Credit Arrangements) | 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 5, 2019 (amounts in thousands):
|  |  |  |  |  | Debt Issuance Costs |  |  |  |  |
|  | Face Value |  |  | and Debt Discount |  |  | Net Carrying Value |
2026 notes |  | $ | 400,000 |  |  | $ | 4,010 |  |  | $ | 395,990 |
2022 notes |  |  | 400,000 |  |  |  | 1,206 |  |  |  | 398,794 |
Other notes payable |  |  | 3,750 |  |  |  | 36 |  |  |  | 3,714 |
Total |  | $ | 803,750 |  |  | $ | 5,252 |  |  | $ | 798,498 |
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 29, 2018 (amounts in thousands):
|  |  |  |  |  | Debt Issuance Costs |  |  |  |  |
|  | Face Value |  |  | and Debt Discount |  |  | Net Carrying Value |
2026 notes |  | $ | 400,000 |  |  | $ | 4,450 |  |  | $ | 395,550 |
2022 notes |  |  | 400,000 |  |  |  | 1,577 |  |  |  | 398,423 |
Other notes payable |  |  | 8,750 |  |  |  | 129 |  |  |  | 8,621 |
Total |  | $ | 808,750 |  |  | $ | 6,156 |  |  | $ | 802,594 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
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