| Schedule of Debt |
Debt consisted of the following as of March 28, 2015 and
December 27, 2014:
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March 28, |
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December 27, |
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2015 |
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2014 |
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Long-term debt:
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$625.0 million senior notes, including a $25.2 million and $26.5
million net premium at March 28, 2015 and December 27,
2014, respectively
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650,225 |
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651,548 |
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$414.6 million term loan, net of $2.1 million discount at
March 28, 2015 and $415.7 million term loan, net of $2.3
million discount at December 27, 2014
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412,468 |
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413,369 |
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|
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Total
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1,062,693 |
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1,064,917 |
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Current portion of long-term debt
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5,275 |
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5,275 |
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Long-term debt
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$ |
1,057,418 |
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$ |
1,059,642 |
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Debt as of December 27, 2014 and December 28, 2013 is summarized as
follows:
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2014 |
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2013 |
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Revolving credit facility
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$ |
— |
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$ |
26,000 |
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Long-term debt:
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$625.0 million senior notes, including a $26.5 million net premium
at December 27, 2014 and $250 million senior notes, net of
$4.0 million discount at December 28, 2013
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$ |
651,548 |
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$ |
245,971 |
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$415.7 million term loan, net of $2.3 million discount at
December 27, 2014 and $419.9 million, net of $2.9 million
discount at December 28, 2013
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413,369 |
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417,016 |
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Total
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1,064,917 |
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662,987 |
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Current portion of long-term debt
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5,275 |
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|
4,220 |
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Long-term debt
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$ |
1,059,642 |
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$ |
658,767 |
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| Schedule of Contractual Payments Long-Term Debt |
The contractual payments of long-term debt, including current
maturities, for the five years subsequent to March 28, 2015,
are as follows:
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2015 (nine months)
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$ |
4,220 |
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2016
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4,220 |
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2017
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4,220 |
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2018
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3,165 |
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2019
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398,790 |
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2020
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625,000 |
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Total
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1,039,615 |
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Plus: Original issue net premium
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23,078 |
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Total debt
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$ |
1,062,693 |
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The total contractual payments of long-term debt for the five years
subsequent to December 27, 2014 are as follows:
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2015
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$ |
5,275 |
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2016
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4,220 |
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2017
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4,220 |
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2018
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3,165 |
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2019
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|
398,790 |
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Thereafter
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625,000 |
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Total
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1,040,670 |
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Plus: Original issue net premium
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24,247 |
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Total debt
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$ |
1,064,917 |
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| Summary of Activity for Deferred Financing Fees |
The following table presents the activity for the deferred
financing fees for the three months ended March 28, 2015 and
March 29, 2014:
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Deferred financing fees |
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Balance — December 27, 2014
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$ |
17,215 |
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Loan origination fees
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|
4,048 |
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Amortization
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(982 |
) |
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Write off of deferred financing fees
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(688 |
) |
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Balance — March 28, 2015
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$ |
19,593 |
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Balance — December 28, 2013
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$ |
11,485 |
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Loan origination fees
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|
6,309 |
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Amortization
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(850 |
) |
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Balance — March 29, 2014
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$ |
16,944 |
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