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Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Components of Long-Term Debt

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

		December 31, 2022																January 1, 2022
		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 April 13, 2026		$	—			$	—			$	—				0.00	%		$	—			$	—			$	—				2.61	%
Term Loan Facility due April 13, 2028			945,000				5,821				12,064				5.85	%			945,000				6,930				14,362				4.48	%
Senior Secured Notes due April 15, 2029			500,000				4,831				—				4.70	%			500,000				5,604				—				4.70	%
Total		$	1,445,000			$	10,652			$	12,064				5.45	%		$	1,445,000			$	12,534			$	14,362				5.15	%
Less: Current portion			—																—
Unamortized deferred financing costs			10,652																12,534
Unamortized debt discount			12,064																14,362
Total long-term debt		$	1,422,284															$	1,418,104

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

Schedule of Maturities of Long-term Debt

At December 31, 2022, 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:

Fiscal 2023		$	—
Fiscal 2024			—
Fiscal 2025			—
Fiscal 2026			—
Fiscal 2027			10,000
Thereafter			1,435,000
		$	1,445,000

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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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