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Financial instruments (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jul. 03, 2021 | Dec. 31, 2020
Schedule of Long-term Debt Instruments | Long-term debt consists of the following:
|  | July 3, 2021 |  |  | December 31, 2020 |
Term loan due December 2024 (2.60% at July 3, 2021) |  | $ | 182,500 |  |  | $ | 190,000 |
Less: |  |  |  |  |  |  |  |
Current portion of long-term debt |  |  | (15,000 | ) |  |  | (15,000 | )
Unamortized debt issuance cost |  |  | (959 | ) |  |  | (1,098 | )
Unamortized discount |  |  | (457 | ) |  |  | (524 | )
|  | $ | 166,084 |  |  | $ | 173,378 |
Bio Ventus LLC [Member] |  |
Summary of Debt Instruments Periodic Payments |  | Scheduled quarterly principal payments are as follows with the final payment of $125,000 at Maturity:
|  | Quarterly payment |
2021 and 2022 |  | $ | 3,750 |
2023 and 2024 |  | $ | 5,000 |
Schedule of Loan margin Adusted on Pricing Grid |  | Loan margin is adjusted after the quarterly financial statements are delivered to the lenders in accordance with the pricing grid below:
Leverage ratio |  | Eurodollar |  |  | BR |
> 2.50 to 1.00 |  |  | 2.50 | % |  |  | 1.50 | %
>1.50 to 1.00 and < 2.50 to 1.00 |  |  | 2.25 | % |  |  | 1.25 | %
> 1.25 to 1.00 and <1.50 to 1.00 |  |  | 1.75 | % |  |  | 0.75 | %
> 0.75 to 1.00 and <1.25 to 1.00 |  |  | 1.50 | % |  |  | 0.50 | %
< 0.75 to 1.00 |  |  | 1.25 | % |  |  | 0.25 | %
Schedule of Commitment Fee Adjusted Based on Pricing Grid |  | The commitment fee rate is adjusted after the quarterly financial statements are delivered to lenders based on the pricing grid below:
Leverage ratio |  | Commitment fee rate |
> 2.50 to 1.00 |  |  | 0.30 | %
>1.50 to 1.00 and < 2.50 to 1.00 |  |  | 0.25 | %
> 1.25 to 1.00 and <1.50 to 1.00 |  |  | 0.20 | %
> 0.75 to 1.00 and <1.25 to 1.00 |  |  | 0.15 | %
< 0.75 to 1.00 |  |  | 0.10 | %
Summary of Contractual maturities of long-term debt |  | Contractual maturities of long-term debt as of December 31, 2020, were as follows:
2021 |  | $ | 15,000 |
2022 |  |  | 15,000 |
2023 |  |  | 20,000 |
2024 |  |  | 140,000 |
2025 and thereafter |  |  | — |
Deferred financing costs |  |  | (1,098 | )
Original issue discount |  |  | (524 | )
Total long-term debt |  |  | 188,378 |
Less current portion |  |  | (15,000 | )
Total |  | $ | 173,378 |

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