XML 78 R41.htm IDEA: XBRL DOCUMENT v3.21.2
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