| Schedule of fair value debt |
|
(in thousands)
|
|
December 29,
2016
|
|
March 30,
2017
|
|
|
Total debt at par value
|
|
$
|
400,000
|
|
$
|
363,625
|
|
|
Less: unamortized discount and debt issuance costs
|
|
|
9,257
|
|
|
8,915
|
|
|
|
|
|
|
|
|
|
|
|
Net carrying amount
|
|
$
|
390,743
|
|
$
|
354,710
|
|
|
Fair value
|
|
$
|
400,000
|
|
$
|
365,371
|
|
|
The following table summarizes our long-term debt as of December 29, 2016 and December 31, 2015 (dollars in thousands):
|
|
|
Maturity
Date
|
|
Interest Rate Per
Annum at
December 29,
2016
|
|
December 31,
2015
|
|
December 29,
2016
|
|
|
Credit Facilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan Facility
|
|
September 30, 2023
|
|
5.25% Variable
|
|
$
|
—
|
|
$
|
350,000
|
|
|
ABL Facility
|
|
September 30, 2021
|
|
2.08% Variable
|
|
|
92,900
|
|
|
50,000
|
|
|
Prior Term Loan Facility
|
|
July 2, 2019
|
|
3.30% Variable
|
|
|
8,333
|
|
|
—
|
|
|
GCI Facility
|
|
May 1, 2019
|
|
7.75% Variable
|
|
|
78,000
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total secured debt
|
|
|
|
|
|
$
|
179,233
|
|
$
|
400,000
|
|
|
Less: current maturities
|
|
|
|
|
|
|
1,267
|
|
|
3,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term debt maturities
|
|
|
|
|
|
|
177,966
|
|
|
396,500
|
|
|
Less: unamortized discount and debt issuance costs
|
|
|
|
|
|
|
1,643
|
|
|
9,257
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total long-term debt
|
|
|
|
|
|
$
|
176,323
|
|
$
|
387,243
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|