Annual report pursuant to Section 13 and 15(d)

SHORT-TERM BORROWINGS AND LONG-TERM DEBT (Tables)

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SHORT-TERM BORROWINGS AND LONG-TERM DEBT (Tables)
12 Months Ended
Jan. 01, 2022
Debt Disclosure [Abstract]  
Components of Long-term Debt
The following table presents the components of "long-term debt" as recorded in the Company's balance sheets:
(In thousands) December 2021 December 2020
Revolving Credit Facility —  — 
Term Loan A 397,427  694,241 
Term Loan B —  218,716 
4.125% Notes, due 2029
393,890  — 
Total long-term debt 791,317  912,957 
Less: current portion —  (25,000)
Long-term debt, due beyond one year $ 791,317  $ 887,957 
Schedule of Payments of Long-Term Debt
The following table presents scheduled payments of long-term debt as of December 2021 for the next five years and thereafter:
(In thousands) Future Principal Payments
2022 $ — 
2023 10,000 
2024 20,000 
2025 20,000 
2026 350,000 
Thereafter 400,000 
800,000 
Less: unamortized deferred financing costs (8,683)
Total long-term debt 791,317 
Less: current portion — 
Long-term debt, due beyond one year $ 791,317