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Long-Term Debt (Tables)

12 Months Ended

Dec. 28, 2019

Debt Disclosure [Abstract]

Summary of Debt Instruments

Long-term debt consists of the following:

																December 28,					December 29,
(In thousands)																2019					2018
Senior secured revolving credit facility, due December 2023																$		640,409			$		600,852
Senior secured term loan, due December 2023																		—					60,000
Finance lease obligations (Note 10)																		44,966					39,558
Other, 2.61% - 8.75%, due 2020 - 2026																		8,633					4,447
Total debt - principal																		694,008					704,857
Unamortized debt issuance costs																		(5,455	)				(6,797	)
Total debt																		688,553					698,060
Less current portion																		6,349					18,263
Total long-term debt																$		682,204			$		679,797

Schedule of Interest Rate Terms for Each of Aforementioned Tranches

Borrowings under 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 28, 2019
Tranche		(In thousands)					Eurodollar Rate		Base Rate
Tranche A		$		609,599			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		$		30,810			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%

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

At December 28, 2019, aggregate annual maturities and scheduled payments of long-term debt are as follows:

(In thousands)	2020					2021					2022					2023					2024					Thereafter					Total
Total borrowings	$		6,349			$		4,410			$		3,830			$		644,102			$		3,971			$		31,346			$		694,008

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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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