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Debt (Tables) | 9 Months Ended
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Sep. 29, 2019
Debt |
Schedule of long-term debt, net | Long-term debt, net consists of the following (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | September 29, | ​ | ​ | December 30,
​ | ​ | ​ | ​ | 2019 | ​ | ​ | 2018
Outstanding debt | ​ | ​ | $ | 378,051 | ​ | $ | 625,009
Unamortized debt issuance costs | ​ | ​ | ​ | (2,936) | ​ | ​ | (3,874)
Current portion of long-term debt | ​ | ​ | ​ | (29,051) | ​ | ​ | (20,009)
Total long-term debt, less current portion, net | ​ | ​ | $ | 346,064 | ​ | $ | 601,126
​
Schedule of Interest Rate Swap Agreements | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Effective Dates |  | Floating Rate Debt |  | Fixed Rates |
April 30, 2018 through April 30, 2023 | ​ | $ | 55 | million | ​ | 2.33 | %
April 30, 2018 through April 30, 2023 | ​ | $ | 35 | million | ​ | 2.36 | %
April 30, 2018 through April 30, 2023 | ​ | $ | 35 | million | ​ | 2.34 | %
January 30, 2018 through August 30, 2022 | ​ | $ | 100 | million | ​ | 1.99 | %
January 30, 2018 through August 30, 2022 | ​ | $ | 75 | million | ​ | 1.99 | %
January 30, 2018 through August 30, 2022 | ​ | $ | 50 | million | ​ | 2.00 | %
Schedule of Location and Amounts of Swaps in the Accompanying Consolidated Financial Statements | The following table provides information on the location and amounts of our swaps in the accompanying condensed consolidated financial statements (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Interest Rate Swap Derivatives
​ | ​ | Fair Value | ​ | Fair Value
​ | ​ | September 29, | ​ | December 30,
Balance Sheet Location | ​ | 2019 | ​ | 2018
​ | ​ | ​ | ​ | ​ | ​ | ​
Other current and long-term assets | ​ | $ | — | ​ | $ | 4,905
Other current and long-term liabilities | ​ | $ | 7,950 | ​ | $ | —
Schedule of Effect of Derivative Instruments on the Accompanying Consolidated Financial Statements | The effect of derivative instruments on the accompanying condensed consolidated financial statements is as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Location of Gain | ​ | Amount of Gain | ​ | Total Net interest expense
Derivatives - | ​ | Amount of Gain or | ​ | or (Loss) | ​ | or (Loss) | ​ | on Condensed
Cash Flow | ​ | (Loss) Recognized | ​ | Reclassified from | ​ | Reclassified from | ​ | Consolidated
Hedging | ​ | in AOCI/AOCL | ​ | AOCI/AOCL into | ​ | AOCI/AOCL into | ​ | Statements of
Relationships | ​ | on Derivative | ​ | Income | ​ | Income | ​ | Operations
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps for the three months ended:
September 29, 2019 | ​ | $ | (1,437) | ​ |  | Interest expense | ​ | $ | 161 | ​ | $ | (4,249)
September 30, 2018 | ​ | $ | 1,483 | ​ |  | Interest expense | ​ | $ | (19) | ​ | $ | (6,058)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps for the nine months ended:
September 29, 2019 | ​ | $ | (9,641) | ​ | ​ | Interest expense | ​ | $ | 849 | ​ | $ | (14,797)
September 30, 2018 | ​ | $ | 8,863 | ​ |  | Interest expense | ​ | $ | (216) | ​ | $ | (16,930)
​

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