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Debt and Other Commitments (Tables)

12 Months Ended

Dec. 28, 2019

Debt Disclosure [Abstract]

Long-Term Debt and Capital Leases

Long-term debt, including capital lease obligations, consisted of the following at December 28, 2019 and December 29, 2018:

		Interest Rate at December 28, 2019				Final Maturity		December 28, 2019				December 29, 2018
								(Amounts in thousands)
Unsecured credit facility		3.30%				2022		$	41,750			$	—
2026 notes		3.50%				2026			396,122				395,550
2022 notes		4.38%				2022			398,906				398,423
Accounts receivable securitization facility		2.94%				2021			26,000				177,000
Other notes payable		2.10%				2020			3,730				8,621
									866,508				979,594
Current maturities of long-term debt									(3,730	)			(5,000	)
Long-term debt								$	862,778			$	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):

Total fees for 2026 notes		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 11, Derivative Financial Instruments.  The table below presents the borrowings and repayments under the credit facility during fiscal 2019:

		Amount (thousands)
Balance as of December 29, 2018		$	—
Borrowings			297,250
Payments			(255,500	)
Balance as of December 28, 2019		$	41,750

Schedule of Net Amount Available Under Credit Facility

The table below presents the net amount available under the credit facility as of December 28, 2019:  

		Amount (thousands)
Gross amount available		$	500,000
Outstanding			(41,750	)
Letters of credit			(8,400	)
Available for withdrawal		$	449,850

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 fiscal 2019:

		Amount (thousands)
High balance		$	122,200
Low balance		$	—

Aggregate Maturities of Debt Outstanding

Aggregate maturities of debt outstanding as of December 28, 2019, are as follows (excluding unamortized debt discount and issuance costs) (amounts in thousands):

2020		$	3,750
2021			26,000
2022			441,750
2023			—
2024			—
Thereafter			400,000
Total		$	871,500

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 December 28, 2019 (amounts in thousands):

		Face Value				Debt issuance costs and debt discount				Net carrying value
2026 notes		$	400,000			$	3,878			$	396,122
2022 notes			400,000				1,094				398,906
Other notes payable			3,750				20				3,730
Total		$	803,750			$	4,992			$	798,758

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):

		Face Value				Debt issuance costs 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

Schedule of Deferred Compensation Amount Outstanding

The amounts outstanding at December 28, 2019 and December 29, 2018 were as follows (amounts in thousands):

		December 28, 2019				December 29, 2018
Deferral elections outstanding		$	17,308			$	15,996
Current portion of deferral elections			(1,750	)			(1,015	)
Long-term portion of deferral elections		$	15,558			$	14,981

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