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Long-Term Debt (Tables)

12 Months Ended

Dec. 29, 2018

Debt Disclosure [Abstract]

Summary of Debt Instruments

Long-term debt consists of the following:

																December 29,					December 30,
(In thousands)																2018					2017
Senior secured revolving credit facility, due December 2023																$		600,852			$		707,492
Senior secured term loan, due December 2023																		60,000					—
Capital lease obligations (Note 10)																		39,558					42,904
Other, 2.61% - 8.75%, due 2019 - 2024																		4,447					5,972
Total debt – Principal																		704,857					756,368
Unamortized debt issuance costs																		(6,797	)				(6,417	)
Total debt																		698,060					749,951
Less current portion																		18,263					9,196
Total long-term debt																$		679,797			$		740,755

Schedule of Interest Rate Terms for Each of Aforementioned 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 each of the aforementioned tranches are as follows:

Credit		Outstanding as of
Facility		December 29, 2018
Tranche		(In thousands)					Eurodollar Rate		Base Rate
Tranche A		$		569,601			LIBOR plus 1.25% to 1.50%		Greater of:	(i) the Federal Funds Rate plus 0.75% to 1.00%
										(ii) the Eurodollar Rate plus 2.25% to 2.50%
										(iii) the prime rate plus 0.25% to 0.50%
Tranche A-1		$		31,251			LIBOR plus 2.25% to 2.50%		Greater of:	(i) the Federal Funds Rate plus 1.75% to 2.00%
										(ii) the Eurodollar Rate plus 2.25% to 2.50%
										(iii) the prime rate plus 1.25% to 1.50%
Tranche A-2		$		60,000			LIBOR plus 5.25%		Greater of:	(i) the Federal Funds Rate plus 4.75%
										(ii) the Eurodollar Rate plus 5.25%
										(iii) the prime rate plus 4.25%

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

At December 29, 2018, aggregate annual maturities and scheduled payments of long-term debt are as follows:

(In thousands)	2019					2020					2021					2022					2023					Thereafter					Total
Total borrowings	$		18,263			$		16,569			$		13,911			$		13,341			$		623,559			$		19,214			$		704,857

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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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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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