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Debt (Tables) | 3 Months Ended
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Mar. 29, 2020
Debt |
Schedule of long-term debt, net | Long-term debt, net, consists of the following (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | March 29, | ​ | ​ | December 29,
​ | ​ | ​ | ​ | 2020 | ​ | ​ | 2019
Outstanding debt | ​ | ​ | $ | 365,623 | ​ | $ | 370,000
Unamortized debt issuance costs | ​ | ​ | ​ | (2,389) | ​ | ​ | (2,710)
Current portion of long-term debt | ​ | ​ | ​ | (20,623) | ​ | ​ | (20,000)
Total long-term debt, net | ​ | ​ | $ | 342,611 | ​ | $ | 347,290
​
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
​ | ​ | March 29, | ​ | December 29,
Balance Sheet Location | ​ | 2020 | ​ | 2019
​ | ​ | ​ | ​ | ​ | ​ | ​
Other current and long-term liabilities | ​ | $ | 17,020 | ​ | $ | 6,168
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 | ​ | ​
Derivatives - | ​ | Amount of Gain or | ​ | or (Loss) | ​ | or (Loss) | ​ | Total Net Interest Expense
Cash Flow | ​ | (Loss) Recognized | ​ | Reclassified from | ​ | Reclassified from | ​ | on Condensed
Hedging | ​ | in AOCL | ​ | AOCL into | ​ | AOCL into | ​ | Consolidated Statements
Relationships | ​ | on Derivative | ​ | Income | ​ | Income | ​ | of Operations
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps for the three months ended:
March 29, 2020 | ​ | $ | (8,408) | ​ |  | Interest expense | ​ | $ | (330) | ​ | $ | (3,967)
March 31, 2019 | ​ | $ | (3,037) | ​ |  | Interest expense | ​ | $ | 148 | ​ | $ | (6,276)
​

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