Annual report pursuant to Section 13 and 15(d)

Long-term Debt (Tables)

v2.4.0.8
Long-term Debt (Tables)
 12 Months Ended
Jun. 29, 2013
Debt Disclosure [Abstract]  
Schedule of long-term debt
Long-term debt consists of the following (in thousands):
 
June 29,
2013
 
June 30,
2012
Revolving U.S. credit facility, interest at base rate or adjusted LIBOR rate plus an applicable margin (interest at 2.6% on June 29, 2013) due May 2016
$
88,753

 
$
103,965

Revolving credit facility with Banco Ficohsa, a Honduran bank, interest at 7% due March 2019 (denominated in U.S. dollars)
5,000

 
5,000

Term loan with Banco Ficohsa, a Honduran bank, interest at 7%, interest only payments thru March 2012, principal payments began April 2012, payable monthly with a seven-year term (denominated in U.S. dollars)
4,539

 
5,513

 
98,292

 
114,478

Less current installments
(3,529
)
 
(3,529
)
Long-term debt, excluding current installments
$
94,763

 
$
110,949

Schedule of aggregate maturities of debt
The aggregate maturities of debt at June 29, 2013 are as follows (in thousands):
Fiscal Year
Amount
2014
$
3,529

2015
3,529

2016
84,614

2017
973

2018
5,647

 
$
98,292