| Schedule of long-term debt |
Long-term debt consists of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 27,
2014 |
|
September 28,
2013 |
|
June 29,
2013 |
Revolving U.S. credit facility, interest at base rate or adjusted LIBOR rate plus an applicable margin (interest at 2.6% on September 27, 2014) due May 2017 |
$ |
96,231 |
|
|
$ |
105,746 |
|
|
$ |
88,753 |
|
Revolving credit facility with Banco Ficohsa, a Honduran bank, interest at 7% due March 2019 (denominated in U.S. dollars) |
4,984 |
|
|
4,258 |
|
|
5,000 |
|
Term loan with Banco Ficohsa, a Honduran bank, interest at 7%, interest only payments thru March 2012, principal payments begin April 2012, payable monthly with a seven-year term (denominated in U.S. dollars) |
3,405 |
|
|
4,297 |
|
|
4,539 |
|
Term loan with Banco Ficohsa, a Honduran bank, interest at 7%, payable monthly with a eighteen-month term (denominated in U.S. dollars) |
700 |
|
|
— |
|
|
— |
|
Term loan with Banco Ficohsa, a Honduran bank, interest at 7%, payable monthly with a seven-year term (denominated in U.S. dollars) |
3,700 |
|
|
— |
|
|
— |
|
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 |
13,404 |
|
|
13,150 |
|
|
— |
|
Salt Life acquisition promissory note, imputed interest at 3.62%, quarterly payments beginning September 2016 through June 2019 |
7,549 |
|
|
7,283 |
|
|
— |
|
|
129,973 |
|
|
134,734 |
|
|
98,292 |
|
Less current installments |
(15,504 |
) |
|
(3,704 |
) |
|
(3,529 |
) |
Long-term debt, excluding current installments |
$ |
114,469 |
|
|
$ |
131,030 |
|
|
$ |
94,763 |
|
|
| Schedule of aggregate maturities of debt |
The aggregate maturities of debt at September 27, 2014, are as follows (in thousands):
|
|
|
|
|
Fiscal Year |
Amount |
|
2015 |
$ |
15,504 |
|
2016 |
7,889 |
|
2017 |
95,342 |
|
2018 |
9,070 |
|
2019 |
1,468 |
|
Thereafter |
700 |
|
|
$ |
129,973 |
|
|