Long-Term Debt (Tables)

3 Months Ended

Apr. 03, 2021

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

	April 3, 2021									January 2, 2021
	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	$	—	$	—	$	—		0.00	%	$	—	$	—	$	—		3.03	%
Term Loan Facility due November 29, 2024		1,189,750		4,787		16,133		6.08	%		1,209,000		5,113		17,233		6.60	%
Notes due December 1, 2025		300,000		811		—		8.61	%		300,000		854		—		8.71	%
Total	$	1,489,750	$	5,598	$	16,133		6.59	%	$	1,509,000	$	5,967	$	17,233		6.94	%
Less: Current portion		77,000									77,000
Unamortized deferred financing costs		5,598									5,967
Unamortized debt discount		16,133									17,233
Total long-term debt	$	1,391,019								$	1,408,800

(1)	Includes amortization of deferred financing costs and debt discount.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details