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Long-Term Debt (Tables)

12 Months Ended

Dec. 30, 2017

Debt Disclosure [Abstract]

Summary of Debt Instruments

Long-term debt consists of the following:

																December 30,					December 31,
(In thousands)																2017					2016
Senior secured revolving credit facility, due December 2021																$		707,492			$		359,127
Senior secured term loan, due December 2021																		—					26,954
Capital lease obligations (Note 10)																		42,904					48,255
Other, 2.61% - 8.75%, due 2019 - 2024																		5,972					5,028
Total debt - Principal																		756,368					439,364
Unamortized debt issuance costs																		(6,417	)				(8,265	)
Total debt																		749,951					431,099
Less current portion																		9,196					17,424
Total long-term debt																$		740,755			$		413,675

Schedule of Interest Rate Terms for Two Remaining Tranches

Borrowings under the three tranches of the credit facility bear interest at the Company’s option as either Eurodollar loans or Base Rate loans, subject to a grid based upon Excess Availability. The interest rate terms for the two remaining tranches are as follows:

Credit		Outstanding as of
Facility		December 30, 2017
Tranche		(In thousands)					Eurodollar Rate		Base Rate
Tranche A		$		668,093			LIBOR plus 1.25% to 1.50%		Greater of:	(i) the Federal Funds Rate plus 1.00% to 1.25%
										(ii) the Eurodollar Rate plus 1.25% to 1.50%
										(iii) the prime rate plus 0.25% to 0.50%
Tranche A-1		$		39,399			LIBOR plus 2.50% to 2.75%		Greater of:	(i) the Federal Funds Rate plus 2.00% to 2.25%
										(ii) the Eurodollar Rate plus 2.50% to 2.75%
										(iii) the prime rate plus 1.50% to 1.75%

Schedule of Aggregate Annual Maturities and Scheduled Payments of Long-term Debt

At December 30, 2017, aggregate annual maturities and scheduled payments of long-term debt are as follows:

(In thousands)	2018					2019					2020					2021					2022					Thereafter					Total
Total borrowings	$		9,196			$		6,969			$		5,195			$		710,494			$		2,846			$		21,668			$		756,368

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Schedule of interest rate terms.

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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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-Publisher FASB
-Name Accounting Standards Codification
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Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

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