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Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2016
Schedule of Long-term Debt Instruments

The components of the Company’s long-term debt were as follows:

 

    December 31, 2016     January 2, 2016  
    Principal
Balance		     Unamortized
Deferred
Financing Costs		     Effective
Rate(1)		     Principal
Balance		     Unamortized
Deferred
Financing Costs		     Effective
Rate(1)		  

Revolving Facility due April 2, 2018

   $ 0     $ 0       3.35 %    $ 48,000     $ 0       3.25 % 

Tranche B-1 Term Facility due April 2, 2016

     0       0       3.96 %      144,323       177       3.87 % 

Tranche B-2 Term Facility due April 2, 2020

     2,021,250       18,951       4.41 %      2,042,250       24,777       4.40 % 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total

     2,021,250     $ 18,951       4.38 %      2,234,573     $ 24,954       4.34 % 

Less: Current Portion

     21,000           213,323      

Unamortized Deferred Financing Costs

     18,951           24,954      
 

 

 

        

 

 

      

Total Long-Term Debt

   $ 1,981,299         $ 1,996,296      
 

 

 

        

 

 

      

 

(1) Includes amortization of deferred financing costs. For fiscal 2016, the effective interest rate for the Revolving Facility and Tranche B-1 Term Facility was computed based on interest expense incurred over the period for which borrowings were outstanding.
Schedule of Maturities of Long-term Debt

At December 31, 2016, the aggregate amounts of the Company’s existing long-term debt maturing in each of the next four fiscal years were as follows:

 

2017

    $ 21,000  

2018

      21,000  

2019

      21,000  

2020

      1,958,250  
  

 

 

  
   $ 2,021,250