Revolving Credit Facilities and Long-Term Debt - Revolving Credit Facilities and Long-Term Debt (Details)
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1 Months Ended |
12 Months Ended |
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Dec. 30, 2017 |
Jul. 01, 2017 |
May 26, 2017
USD ($)
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Apr. 01, 2017
USD ($)
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Jun. 29, 2015
USD ($)
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Feb. 23, 2015
USD ($)
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Nov. 05, 2014
USD ($)
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Apr. 26, 2014
USD ($)
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Apr. 01, 2017
USD ($)
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Mar. 26, 2016
USD ($)
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Mar. 28, 2015
USD ($)
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Nov. 04, 2014 |
Apr. 15, 2014
USD ($)
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Apr. 14, 2014
USD ($)
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Apr. 13, 2014
USD ($)
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May 31, 2013
USD ($)
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| Revolving credit facilities and long-term debt |
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| Term loan |
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$ 196,500,000
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$ 196,500,000
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| Dividends paid |
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$ 41,300,000
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$ 41,300,000
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| Interest expense |
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| Revolving credit facilities and long-term debt |
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| Amortization of deferred loan fees |
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1,100,000
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$ 800,000
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| February 2015 Wells Fargo Bank credit facility |
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| Revolving credit facilities and long-term debt |
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| Existing indebtedness refinanced |
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$ 150,000,000
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| Interest expense |
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800,000
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| Transaction fee paid |
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$ 1,400,000
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| February 2015 Wells Fargo Bank credit facility | Interest expense |
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| Revolving credit facilities and long-term debt |
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| Deferred loan fees written off |
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1,400,000
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| Wells Fargo Bank revolving credit facility |
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| Revolving credit facilities and long-term debt |
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| Current borrowing capacity |
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75,000,000
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| Wells Fargo Bank letters of credit |
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| Revolving credit facilities and long-term debt |
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| Current borrowing capacity |
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5,000,000
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| Wells Fargo Bank term loan |
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| Revolving credit facilities and long-term debt |
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| Principal amount |
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75,000,000
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| Additional incremental term loan capacity |
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50,000,000
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| 2015 Golub Term Loan |
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| Revolving credit facilities and long-term debt |
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| Principal amount |
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$ 200,000,000
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| Interest expense |
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$ 11,200,000
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$ 8,300,000
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| Weighted average interest rate (as a percent) |
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5.50%
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5.50%
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5.50%
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| Required payment frequency |
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quarter
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| Periodic payment |
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$ 500,000
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| Additional interest rate required if certain triggering events come into existence (as a percent) |
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2.00%
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| Deferred loan fees |
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$ 3,900,000
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$ 5,600,000
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$ 3,900,000
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$ 4,900,000
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| Term loan |
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196,500,000
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196,500,000
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198,500,000
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| Unamortized value of the debt issuance costs and debt discount |
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(3,921,000)
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(3,921,000)
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(4,886,000)
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| Total |
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$ 192,579,000
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192,579,000
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193,614,000
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| 2015 Golub Term Loan | Base rate |
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| Revolving credit facilities and long-term debt |
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| Basis margin (as a percent) |
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3.50%
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| 2015 Golub Term Loan | Federal funds rate |
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| Revolving credit facilities and long-term debt |
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| Basis margin (as a percent) |
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0.50%
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| 2015 Golub Term Loan | One-month LIBOR rate |
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| Revolving credit facilities and long-term debt |
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| Basis margin (as a percent) |
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1.00%
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| 2015 Golub Term Loan | LIBOR |
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| Revolving credit facilities and long-term debt |
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| Basis margin (as a percent) |
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4.50%
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| 2015 Golub Term Loan | Minimum | LIBOR |
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| Revolving credit facilities and long-term debt |
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| Interest rate (as a percent) |
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1.00%
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| 2015 Golub Term Loan | Maximum |
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| Revolving credit facilities and long-term debt |
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| Consolidated total net leverage ratio |
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4.25
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| 2015 Golub Term Loan | Leverage ratio as of July 1, 2017 | Maximum | Subsequent Event |
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| Revolving credit facilities and long-term debt |
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| Consolidated total net leverage ratio |
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4.75
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| 2015 Golub Term Loan | Leverage ratio as of December 30, 2017 | Maximum | Subsequent Event |
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| Revolving credit facilities and long-term debt |
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| Consolidated total net leverage ratio |
4.50
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| 2015 Golub Term Loan | Leverage ratio as of December 2018 | Maximum | Subsequent Event |
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| Revolving credit facilities and long-term debt |
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| Consolidated total net leverage ratio |
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4.00
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| Revolving credit facility (PNC Bank, N.A.) |
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| Revolving credit facilities and long-term debt |
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| Borrowing capacity |
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$ 70,000,000
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$ 60,000,000
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| Interest expense |
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2,600,000
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| Repayment of line of credit |
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50,800,000
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| Letter of Credit (PNC Bank, N.A.) |
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| Revolving credit facilities and long-term debt |
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| Borrowing capacity |
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$ 5,000,000
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| $130 million term loan due May 2019 (Golub Capital LLC) |
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| Revolving credit facilities and long-term debt |
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| Principal amount |
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$ 130,000,000
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$ 99,200,000
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| Interest expense |
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$ 6,800,000
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| Effective interest rate (as a percent) |
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6.75%
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7.00%
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| Repayments of loan |
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47,300,000
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$ 81,900,000
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| Pre-payment penalty |
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1,100,000
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| $130 million term loan due May 2019 (Golub Capital LLC) | Interest expense |
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| Revolving credit facilities and long-term debt |
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| Pre-payment penalty |
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600,000
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| Amortization of deferred loan fees |
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$ 1,700,000
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| $130 million term loan due May 2019 (Golub Capital LLC) | Minimum |
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| Revolving credit facilities and long-term debt |
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| Interest rate (as a percent) |
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1.00%
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1.25%
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| 2013 Golub Loan and PNC Line of Credit | Interest expense |
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| Revolving credit facilities and long-term debt |
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| Deferred loan fees |
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$ 1,400,000
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| June 2015 Wells Fargo Revolver |
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| Revolving credit facilities and long-term debt |
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| Borrowing capacity |
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$ 125,000,000
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| Commitment fee on unused capacity (as a percentage) |
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0.25%
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| Amount outstanding under 2015 Wells Fargo Revolver |
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$ 33,300,000
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33,300,000
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48,800,000
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| Interest expense |
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$ 1,500,000
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$ 900,000
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| Weighted average interest rate (as a percent) |
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1.90%
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1.90%
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1.70%
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| Additional interest rate required if certain triggering events come into existence (as a percent) |
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2.00%
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| Deferred loan fees |
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$ 600,000
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$ 900,000
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$ 600,000
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$ 800,000
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| June 2015 Wells Fargo Revolver | Subsequent Event |
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| Revolving credit facilities and long-term debt |
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| Borrowing capacity |
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$ 135,000,000
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| June 2015 Wells Fargo Revolver | Federal funds rate |
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| Revolving credit facilities and long-term debt |
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| Basis margin (as a percent) |
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0.50%
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| June 2015 Wells Fargo Revolver | One-month LIBOR rate |
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| Revolving credit facilities and long-term debt |
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| Basis margin (as a percent) |
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1.00%
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| June 2015 Wells Fargo Revolver | Minimum |
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| Revolving credit facilities and long-term debt |
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| Consolidated fixed charge coverage ratio |
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1.00
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| June 2015 Wells Fargo Revolver | Minimum | Base rate |
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| Revolving credit facilities and long-term debt |
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| Basis margin (as a percent) |
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0.00%
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| June 2015 Wells Fargo Revolver | Minimum | LIBOR |
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| Revolving credit facilities and long-term debt |
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| Basis margin (as a percent) |
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1.00%
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| June 2015 Wells Fargo Revolver | Maximum | Base rate |
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| Revolving credit facilities and long-term debt |
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| Basis margin (as a percent) |
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0.25%
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| June 2015 Wells Fargo Revolver | Maximum | LIBOR |
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| Revolving credit facilities and long-term debt |
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| Basis margin (as a percent) |
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1.25%
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