LONG-TERM DEBT (Tables)

6 Months Ended

Jul. 02, 2022

Long-term debt consisted of the following:


(dollars in thousands)	July 2, 2022		January 1, 2022		July 3, 2021
$500 million 5.500% senior notes due May 15, 2025	$	—	$	500,000	$	500,000
$500 million 5.625% senior notes due March 15, 2027	500,000		500,000		500,000
Total senior notes	$	500,000	$	1,000,000	$	1,000,000
Less unamortized issuance-related costs for senior notes	(3,725)		(8,630)		(9,563)
Senior notes, net	$	496,275	$	991,370	$	990,437
Secured revolving credit facility	120,000		—		—
Total long-term debt, net	$	616,275	$	991,370	$	990,437

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details