| Schedule of long-term debt |
Long-term debt consists of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
October 1,
2016 |
|
October 3,
2015 |
Revolving U.S. credit facility, interest at base rate or adjusted LIBOR rate plus an applicable margin (interest at 2.7% on October 1, 2016) due May 2021 |
$ |
92,137 |
|
|
$ |
— |
|
Revolving credit facility, interest at base rate or adjusted LIBOR rate plus an applicable margin (interest at 2.7% on October 3, 2015) due May 2017 |
— |
|
|
79,550 |
|
Revolving credit facility with Banco Ficohsa, a Honduran bank, interest at 8% due March 2019 (denominated in U.S. dollars) |
5,000 |
|
|
4,390 |
|
Term loan with Banco Ficohsa, a Honduran bank, interest at 7%, monthly installments beginning March, 2011 through March 2018 (denominated in U.S. dollars) |
1,459 |
|
|
2,432 |
|
Term loan with Banco Ficohsa, a Honduran bank, interest at 7.5%, monthly installments beginning November 2014 through December 2020 (denominated in U.S. dollars) |
2,600 |
|
|
3,150 |
|
Term loan with Banco Ficohsa, a Honduran bank, interest at 8%, monthly installments beginning June 2016 through April 2022 (denominated in U.S. dollars) |
1,650 |
|
|
1,881 |
|
Term loan with Banco Ficohsa, a Honduran bank, interest at 8%, monthly installments beginning June 2016 through July 2017 (denominated in U.S. dollars) |
4,833 |
|
|
— |
|
Salt Life acquisition promissory note, imputed interest at 1.92%, one-time installment due September 30, 2014, quarterly installments beginning April 2015 through June 2016 |
— |
|
|
2,979 |
|
Salt Life acquisition promissory note, imputed interest at 3.62%, quarterly payments beginning September 2016 through June 2019 |
8,116 |
|
|
7,830 |
|
|
115,795 |
|
|
102,212 |
|
Less current installments |
(9,192 |
) |
|
(8,340 |
) |
Long-term debt, excluding current installments |
$ |
106,603 |
|
|
$ |
93,872 |
|
|
| Schedule of aggregate maturities of debt |
The aggregate maturities of debt at October 1, 2016, are as follows (in thousands):
|
|
|
|
|
Fiscal Year |
Amount |
|
2017 |
$ |
9,192 |
|
2018 |
7,955 |
|
2019 |
10,835 |
|
2020 |
4,469 |
|
2021 |
83,149 |
|
Thereafter |
195 |
|
|
$ |
115,795 |
|
|