Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v3.5.0.2
Long-Term Debt (Tables)
12 Months Ended
Oct. 01, 2016
Debt Disclosure [Abstract]  
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