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Debt and Other Commitments (Tables) | 12 Months Ended
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Jan. 01, 2022
Long-Term Debt and Capital Leases | Long-term debt, including capital lease obligations, consisted of the following at January 1, 2022 and January 2, 2021:
|  | Interest Rate at January 1, 2022 |  |  | Final Maturity |  | January 1, 2022 |  |  | January 2, 2021 |
|  |  |  |  |  |  |  | (Amounts in thousands) |
Unsecured credit facility |  | 1.02% |  |  | 2026 |  | $ | — |  |  | $ | 50,000 |
2031 notes |  | 2.40% |  |  | 2031 |  |  | 493,333 |  |  |  | — |
2026 notes |  | 3.50% |  |  | 2026 |  |  | 397,276 |  |  |  | 396,705 |
2022 notes |  | 4.38% |  |  | 2022 |  |  | — |  |  |  | 399,398 |
Accounts receivable securitization facility |  | 1.00% |  |  | 2023 |  |  | — |  |  |  | 114,000 |
|  |  |  |  |  |  |  |  | 890,609 |  |  |  | 960,103 |
Current maturities of long-term debt |  |  |  |  |  |  |  |  | — |  |  |  | — |
Long-term debt |  |  |  |  |  |  |  | $ | 890,609 |  |  | $ | 960,103 |
Aggregate Maturities of Debt Outstanding | Aggregate maturities of debt outstanding as of January 1, 2022, are as follows (excluding unamortized debt discount and issuance costs) (amounts in thousands):
2022 |  | $ | — |
2023 |  |  | — |
2024 |  |  | — |
2025 |  |  | — |
2026 |  |  | 400,000 |
Thereafter |  |  | 500,000 |
Total |  | $ | 900,000 |
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 January 1, 2022 (amounts in thousands):
|  | Face Value |  |  | Debt issuance costs and debt discount |  |  | Net carrying value |
2031 notes |  | $ | 500,000 |  |  | $ | 6,667 |  |  | $ | 493,333 |
2026 notes |  |  | 400,000 |  |  |  | 2,724 |  |  |  | 397,276 |
Total |  | $ | 900,000 |  |  | $ | 9,391 |  |  | $ | 890,609 |
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 January 2, 2021 (amounts in thousands):
|  | Face Value |  |  | Debt issuance costs and debt discount |  |  | Net carrying value |
2026 notes |  | $ | 400,000 |  |  | $ | 3,295 |  |  | $ | 396,705 |
2022 notes |  |  | 400,000 |  |  |  | 602 |  |  |  | 399,398 |
Total |  | $ | 800,000 |  |  | $ | 3,897 |  |  | $ | 796,103 |
Schedule of Deferred Compensation Amount Outstanding | The amounts outstanding at January 1, 2022 and January 2, 2021 were as follows (amounts in thousands):
|  | January 1, 2022 |  |  | January 2, 2021 |
Deferral elections outstanding |  | $ | 21,319 |  |  | $ | 18,308 |
Current portion of deferral elections |  |  | (1,131 | ) |  |  | (1,634 | )
Long-term portion of deferral elections |  | $ | 20,188 |  |  | $ | 16,674 |
Accounts Receivable Securitization Facility |
Schedule of Borrowings and Repayments Under Credit Facility | The table below presents the borrowings and repayments under the AR facility during Fiscal 2021:
|  | Amount (thousands) |
Balance as of January 2, 2021 |  | $ | 114,000 |
Borrowings |  |  | — |
Payments |  |  | (114,000 | )
Balance as of January 1, 2022 |  | $ | — |
Schedule of Net Amount Available Under Credit Facility | The table below presents the net amount available for working capital and general corporate purposes under the AR facility as of January 1, 2022:
|  | Amount (thousands) |
Gross amount available |  | $ | 194,500 |
Outstanding |  |  | — |
Available for withdrawal |  | $ | 194,500 |
Schedule of Highest and Lowest Outstanding Balance Under Credit Facility | The table below presents the highest and lowest outstanding balance under the AR facility during Fiscal 2021:
|  | Amount (thousands) |
High balance |  | $ | 114,000 |
Low balance |  | $ | — |
Unsecured Credit Facility |
Schedule of Borrowings and Repayments Under Credit Facility | The table below presents the borrowings and repayments under the credit facility during Fiscal 2021:
|  | Amount (thousands) |
Balance as of January 2, 2021 |  | $ | 50,000 |
Borrowings |  |  | 10,000 |
Payments |  |  | (60,000 | )
Balance as of January 1, 2022 |  | $ | — |
Schedule of Net Amount Available Under Credit Facility | The table below presents the net amount available under the credit facility as of January 1, 2022:
|  | Amount (thousands) |
Gross amount available |  | $ | 500,000 |
Outstanding |  |  | — |
Letters of credit |  |  | (8,400 | )
Available for withdrawal |  | $ | 491,600 |
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 Fiscal 2021:
|  | Amount (thousands) |
High balance |  | $ | 50,000 |
Low balance |  | $ | — |
2031 Notes |
Schedule of debt discount, underwriting fees and the legal and other fees | The table below presents the debt discount, underwriting fees and other fees for issuing the 2031 notes (amounts in thousands):
Total fees for 2031 notes |  | Amount at Issuance |
Debt discount |  | $ | 2,430 |
Underwriting, legal, and other fees |  |  | 4,829 |
Total fees |  | $ | 7,259 |
2026 Notes |
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 |

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