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Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2018
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments

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

 

 

 

June 30, 2018

 

 

December 30, 2017

 

 

 

Principal

Balance

 

 

Unamortized

Deferred

Financing

Costs

 

 

Unamortized

Debt

Discount

 

 

Effective

Rate (1)

 

 

Principal

Balance

 

 

Unamortized

Deferred

Financing

Costs

 

 

Unamortized

Debt

Discount

 

 

Effective

Rate (1)

 

New Revolving Credit

   Facility due

   November 29, 2022

 

$

0

 

 

$

0

 

 

$

0

 

 

 

4.34

%

 

$

25,000

 

 

$

0

 

 

$

0

 

 

 

4.15

%

Former Tranche B-2 Term

   Facility due April 2, 2020

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0.00

%

 

 

0

 

 

 

0

 

 

 

0

 

 

 

4.76

%

New Term Loan Facility due

   November 29, 2024

 

 

1,501,500

 

 

 

9,009

 

 

 

28,233

 

 

 

7.24

%

 

 

1,540,000

 

 

 

9,783

 

 

 

30,433

 

 

 

6.84

%

Notes due December 1, 2025

 

 

300,000

 

 

 

1,289

 

 

 

0

 

 

 

8.57

%

 

 

300,000

 

 

 

1,422

 

 

 

0

 

 

 

8.82

%

Total

 

 

1,801,500

 

 

$

10,298

 

 

$

28,233

 

 

 

7.44

%

 

 

1,865,000

 

 

$

11,205

 

 

$

30,433

 

 

 

4.96

%

Less: Current Portion

 

 

118,498

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

82,750

 

 

 

 

 

 

 

 

 

 

 

 

 

Unamortized Deferred

   Financing Costs

 

 

10,298

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11,205

 

 

 

 

 

 

 

 

 

 

 

 

 

Unamortized Debt

   Discount

 

 

28,233

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

30,433

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Long-Term Debt

 

$

1,644,471

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

1,740,612

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Includes amortization of deferred financing costs and debt discount. For fiscal 2017, the effective interest rate for the tranche B-2 term facility of the Company’s then-existing term loan facility was computed based on interest expense incurred over the period for which borrowings were outstanding.