Long-term Debt (Tables)

3 Months Ended

Apr. 01, 2023

Long-term debt consists of the following:


In thousands	As of April 1, 2023		As of December 31, 2022
2025 Notes, due May 15, 2025	$	402,497	$	402,497
Term loan, due July 18, 2024	150,000		150,000
Revolving credit facility, due July 18, 2024	—		—
Long-term debt before debt discount	552,497		552,497
Unamortized discount and issuance costs - 2025 Notes	(5,158)		(5,696)
Unamortized discount and issuance costs - term loan	(477)		(570)
Long-term debt less debt discount	546,862		546,231
Less current maturities	—		—
Long-term debt - noncurrent portion	546,862		546,231
Finance lease obligations	20,080		21,294
Less current maturities	(3,240)		(4,137)
Long-term debt and finance lease obligations, less current portion and debt discount	$	563,702	$	563,388

We recognized the following in interest expense (income), net related to the 2025 Notes:


	Three Months Ended
In thousands		April 1, 2023		April 2, 2022
Contractual interest expense		$	2,516	$	2,516
Amortization of issuance costs		$	538	$	521

- Definition

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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+ Details