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Long-Term Debt (Tables) | 12 Months Ended
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Jan. 02, 2021
Debt Disclosure [Abstract] |
Components of Long-Term Debt | The components of the Company’s long-term debt were as follows:
|  | January 2, 2021 |  |  | December 28, 2019 |
|  | Principal Balance |  |  | Unamortized Deferred Financing Costs |  |  | Unamortized Debt Discount |  |  | Effective Rate (1) |  |  | Principal Balance |  |  | Unamortized Deferred Financing Costs |  |  | Unamortized Debt Discount |  |  | Effective Rate (1) |
Revolving Credit Facility due November 29, 2022 |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  |  | 3.03 | % |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  |  | 0.00 | %
Term Loan Facility due November 29, 2024 |  |  | 1,209,000 |  |  |  | 5,113 |  |  |  | 17,233 |  |  |  | 6.60 | % |  |  | 1,305,250 |  |  |  | 6,418 |  |  |  | 21,634 |  |  |  | 7.93 | %
Notes due December 1, 2025 |  |  | 300,000 |  |  |  | 854 |  |  |  | 0 |  |  |  | 8.71 | % |  |  | 300,000 |  |  |  | 1,028 |  |  |  | 0 |  |  |  | 8.72 | %
Total |  | $ | 1,509,000 |  |  | $ | 5,967 |  |  | $ | 17,233 |  |  |  | 6.94 | % |  | $ | 1,605,250 |  |  | $ | 7,446 |  |  | $ | 21,634 |  |  |  | 8.07 | %
Less: Current portion |  |  | 77,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 96,250 |  |  |  |  |  |  |  |  |  |  |  |  |
Unamortized deferred financing costs |  |  | 5,967 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7,446 |  |  |  |  |  |  |  |  |  |  |  |  |
Unamortized debt discount |  |  | 17,233 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 21,634 |  |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt |  | $ | 1,408,800 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,479,920 |  |  |  |  |  |  |  |  |  |  |  |  |
(1) | Includes amortization of deferred financing costs and debt discount.
Schedule of Maturities of Long-term Debt | At January 2, 2021, the aggregate amounts of the Company’s existing long-term debt maturing in each of the next five fiscal years and thereafter were as follows:
2021 |  | $ | 77,000 |
2022 |  |  | 77,000 |
2023 |  |  | 77,000 |
2024 |  |  | 978,000 |
2025 |  |  | 300,000 |
2026 and thereafter |  |  | — |
|  | $ | 1,509,000 |

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