| Schedule of long-term debt |
Long-term debt consists of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
September 29,
2018 |
|
September 30,
2017 |
Revolving U.S. credit facility, interest at base rate or adjusted LIBOR rate plus an applicable margin (interest at 4.1% on September 29, 2018) due May 2021 |
$ |
85,746 |
|
|
$ |
74,608 |
|
Revolving credit facility with Banco Ficohsa, a Honduran bank, interest at 7.4% due August 2020 (denominated in U.S. dollars) |
4,958 |
|
|
4,975 |
|
Term loan with Banco Ficohsa, a Honduran bank, interest at 7%, monthly installments beginning March, 2011 through March 2018 (denominated in U.S. dollars) |
— |
|
|
486 |
|
Term loan with Banco Ficohsa, a Honduran bank, interest at 6.0%, monthly installments beginning November 2014 through December 2020 (denominated in U.S. dollars) |
1,400 |
|
|
2,000 |
|
Term loan with Banco Ficohsa, a Honduran bank, interest at 6.0%, monthly installments beginning June 2016 through April 2022 (denominated in U.S. dollars) |
1,067 |
|
|
1,358 |
|
Term loan with Banco Ficohsa, a Honduran bank, interest at 6.0%, monthly installments beginning October 2017 through September 2021 (denominated in U.S. dollars) |
3,018 |
|
|
4,083 |
|
Salt Life acquisition promissory note, imputed interest at 3.62%, quarterly payments beginning September 2016 through June 2019 |
2,471 |
|
|
5,344 |
|
|
98,660 |
|
|
92,854 |
|
Less current installments |
(6,577 |
) |
|
(7,548 |
) |
Long-term debt, excluding current installments |
$ |
92,083 |
|
|
$ |
85,306 |
|
|
| Schedule of aggregate maturities of debt |
The aggregate maturities of debt at September 29, 2018, are as follows (in thousands):
|
|
|
|
|
Fiscal Year |
Amount |
|
2019 |
$ |
6,577 |
|
2020 |
9,064 |
|
2021 |
3,529 |
|
2022 |
79,490 |
|
2023 |
— |
|
Thereafter |
— |
|
|
$ |
98,660 |
|
|