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v3.22.4

Debt and Other Commitments (Tables) | 12 Months Ended
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Dec. 31, 2022
Long-Term Debt and Capital Leases | Long-term debt, including capital lease obligations, consisted of the following at December 31, 2022 and January 1, 2022:
|  | Interest Rate at December 31, 2022 |  | Final Maturity |  | December 31, 2022 |  |  | January 1, 2022 |
|  |  |  |  |  | (Amounts in thousands) |
Unsecured credit facility |  | 5.42% |  | 2026 |  | $ | — |  |  | $ | — |
2031 notes |  | 2.40% |  | 2031 |  |  | 493,994 |  |  |  | 493,333 |
2026 notes |  | 3.50% |  | 2026 |  |  | 397,848 |  |  |  | 397,276 |
Accounts receivable securitization facility |  | 5.27% |  | 2024 |  |  | — |  |  |  | — |
|  |  |  |  |  |  | 891,842 |  |  |  | 890,609 |
Current maturities of long-term debt |  |  |  |  |  |  | — |  |  |  | — |
Long-term debt |  |  |  |  |  | $ | 891,842 |  |  | $ | 890,609 |
Aggregate Maturities of Debt Outstanding | Aggregate maturities of debt outstanding as of December 31, 2022, are as follows (excluding unamortized debt discount and issuance costs) (amounts in thousands):
2023 |  | $ | — |
2024 |  |  | — |
2025 |  |  | — |
2026 |  |  | 400,000 |
2027 |  |  | — |
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 December 31, 2022 (amounts in thousands):
|  | Face Value |  |  | Debt issuance costs and debt discount |  |  | Net carrying value |
2031 notes |  | $ | 500,000 |  |  | $ | 6,006 |  |  | $ | 493,994 |
2026 notes |  |  | 400,000 |  |  |  | 2,152 |  |  |  | 397,848 |
Total |  | $ | 900,000 |  |  | $ | 8,158 |  |  | $ | 891,842 |
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 |
Schedule of Deferred Compensation Amount Outstanding | The amounts outstanding at December 31, 2022 and January 1, 2022 were as follows (amounts in thousands):
|  | December 31, 2022 |  |  | January 1, 2022 |
Deferral elections outstanding |  | $ | 25,449 |  |  | $ | 21,319 |
Current portion of deferral elections |  |  | (1,774 | ) |  |  | (1,131 | )
Long-term portion of deferral elections |  | $ | 23,675 |  |  | $ | 20,188 |
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 2022:
|  | Amount (thousands) |
Balance as of January 1, 2022 |  | $ | — |
Borrowings |  |  | 100,000 |
Payments |  |  | (100,000 | )
Balance as of December 31, 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 December 31, 2022:
|  | Amount (thousands) |
Gross amount available |  | $ | 195,600 |
Outstanding |  |  | — |
Available for withdrawal |  | $ | 195,600 |
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 2022:
|  | Amount (thousands) |
High balance |  | $ | 100,000 |
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 2022:
|  | Amount (thousands) |
Balance as of January 1, 2022 |  | $ | — |
Borrowings |  |  | 230,000 |
Payments |  |  | (230,000 | )
Balance as of December 31, 2022 |  | $ | — |
Schedule of Net Amount Available Under Credit Facility | The table below presents the net amount available under the credit facility as of December 31, 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 2022:
|  | Amount (thousands) |
High balance |  | $ | 200,000 |
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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