| Schedule of long-term debt |
Long-term debt consists of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
October 3,
2015 |
|
September 27,
2014 |
Revolving U.S. 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 |
|
|
$ |
96,231 |
|
Revolving credit facility with Banco Ficohsa, a Honduran bank, interest at 8% due March 2019 (denominated in U.S. dollars) |
4,390 |
|
|
4,984 |
|
Term loan with Banco Ficohsa, a Honduran bank, interest at 7%, payable monthly with a seven-year term (denominated in U.S. dollars), due March 2018 |
2,432 |
|
|
3,405 |
|
Term loan with Banco Ficohsa, a Honduran bank, interest at 7%, payable monthly with an 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 |
|
Term loan with Banco Ficohsa, a Honduran bank, interest at 7.5%, payable monthly with a six-year term (denominated in U.S. dollars), due December 2020 |
3,150 |
|
|
— |
|
Term loan with Banco Ficohsa, a Honduran bank, interest at 8%, payable monthly with a seven-year term (denominated in U.S. dollars), due April 2022 |
1,881 |
|
|
— |
|
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 |
|
|
13,404 |
|
Salt Life acquisition promissory note, imputed interest at 3.62%, quarterly payments beginning September 2016 through June 2019 |
7,830 |
|
|
7,549 |
|
|
102,212 |
|
|
129,973 |
|
Less current installments |
(8,340 |
) |
|
(15,504 |
) |
Long-term debt, excluding current installments |
$ |
93,872 |
|
|
$ |
114,469 |
|
|