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Credit Facilities | 3 Months Ended
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Mar. 30, 2019
Debt Disclosure [Abstract] |
CREDIT FACILITIES | 9. CREDIT FACILITIES Total long-term non-revolving debt consists of the following:
| Maturity Date |  | March 30, 2019 |  |  | December 29, 2018 |
Long-term non-revolving debt: |  |  |  |  |  |  |  |  |
Term loan credit facility with PNC Bank | 4/3/2023 |  | $ | 95,000 |  |  | $ | 96,250 |
Term loan credit facility with Shinhan Bank | 3/30/2020 |  |  | 880 |  |  |  | 895 |
Other long-term debt | Various |  |  | 475 |  |  |  | 838 |
Total long-term non-revolving debt |  |  |  | 96,355 |  |  |  | 97,983 |
Less: current portion of long-term non-revolving debt |  |  |  | 5,757 |  |  |  | 5,215 |
Less: unamortized debt issuance costs |  |  |  | 986 |  |  |  | 1,048 |
Total long-term non-revolving debt, net |  |  | $ | 89,612 |  |  | $ | 91,720 |
Information on the Company’s revolving credit facilities is as follows:
|  |  | Balance |  |  | Available credit |
| Maturity Date |  | March 30, 2019 |  |  | December 29, 2018 |  |  | March 30, 2019 |  |  | December 29, 2018 |
Revolving line of credit with PNC | 4/3/2023 |  | $ | 242,648 |  |  | $ | 255,750 |  |  | $ | 157,352 |  |  | $ | 144,250 |
Future maturities of total debt are as follows:
Year: |  |  |
2019 Remaining | $ | 3,843 |
2020 |  | 7,268 |
2021 |  | 7,656 |
2022 |  | 8,834 |
2023 |  | 311,402 |
Total | $ | 339,003 |
The Company has a revolving line of credit and term loan credit facility with PNC Bank, National Association, as administrative agent, and the lenders party thereto. The revolving line of credit allows for up to an aggregate maximum principal amount of $400,000. During the first quarter of 2019, the Company exchanged a portion of the USD denominated borrowings for €30,000 in order to hedge currency exposure in foreign operations. The Company designated the borrowings as a net investment hedge, see additional discussion in Note 8. The effective interest rate on the credit agreement at March 30, 2019 was 4.24%. Interest expense recognized on the credit agreement during the three months ended March 30, 2019 and March 31, 2018, totaled $4,164 and $702, respectively. As of the date of this filing, the Company was in compliance with all debt covenants related to the credit agreement. The Company has a credit agreement with Shinhan Bank that provides a term loan of 1,000,000 Korean won. The loan matures in March 2020, at which time the full amount will become due. Interest is charged at a one-year variable rate, 2.05% as of March 30, 2019. The Company had a revolving line of credit with National Australia Bank that allowed for maximum borrowings of 3,000 Australian dollars. Principal and interest were paid in full on January 31, 2019, at which time the facility was closed. The Company’s other long-term debt primarily consists of auto loans payable to National Australia Bank. Principal and interest payments are due monthly. The loans mature at various dates through January 2024. Interest is charged at various rates ranging from 4.0% to 5.3%.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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