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Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
As of December 31, 2022, and January 1, 2022, long-term debt consisted of the following:
December 31, 2022January 1, 2022
(In thousands)
Senior secured notes (1)
$300,000 $300,000 
Revolving credit facility (2)
— — 
Finance lease obligations (3)
273,075 274,717 
573,075 574,717 
Unamortized debt issuance costs(4,057)(4,701)
Unamortized bond discount costs(3,519)(4,028)
565,499 565,988 
Less: current maturities of long-term debt7,089 7,864 
Long-term debt, net of current maturities$558,410 $558,124 
(1) As of December 31, 2022 and January 1, 2022, our long-term debt was comprised of $300.0 million of senior secured notes issued in October 2021. These notes are presented under the long-term debt caption of our balance sheet at $292.4 million and $291.3 million at December 31, 2022 and January 1, 2022, respectively. This presentation is net of their discount of $3.5 million and $4.0 million and the combined carrying value of our debt issuance costs of $4.1 million and $4.7 million at December 31, 2022 and January 1, 2022, respectively. Our senior secured notes are presented in this table at their face value.
(2) The average effective interest rate was zero percent and 2.5 percent for the years ended December 31, 2022 and January 1, 2022, respectively.
(3) Refer to Note 14, Lease Commitments, for interest rates associated with finance lease obligations.