Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v2.4.0.8
Long-Term Debt (Tables)
 12 Months Ended
Sep. 27, 2014
Debt Disclosure [Abstract]  
Components of Long-Term Debt

Long-term debt consists of the following:

 

     September 27,
2014		     September 28
2013		  
     (in thousands)  

Senior subordinated notes, net of unamortized discount of $471 and $583, interest at 8.25%, payable semi-annually, principal due March 2018

    $ 449,529      $ 449,417   

Asset-based revolving credit facility, interest at LIBOR plus a margin of 1.25% to 1.75% or Base Rate plus a margin of 0.25% to 0.75%, final maturity December 2018

      0        0   

Revolving credit facility, interest at Alternate Base Rate plus a margin of 0.75% to 1.75%, or LIBOR plus a margin of 1.75% to 2.75%, final maturity June 2016

      0        23,000   

Other notes payable

      710        170   
  

 

 

    

 

 

  

Total

      450,239        472,587   

Less current portion

      (291 )      (142 ) 
  

 

 

    

 

 

  

Long-term portion

    $ 449,948      $ 472,445   
  

 

 

    

 

 

  
Scheduled Principal Repayments on Long-Term Debt

The scheduled principal repayments on long-term debt as of September 27, 2014 are as follows:

 

     (in thousands)  

Fiscal year:

   

2015

    $ 291   

2016

      287   

2017

      122   

2018

      450,030   

2019

      3   

Thereafter

      0   
  

 

 

  

Total

    $ 450,733  (1) 
  

 

 

  

 

(1) Debt repayments include an amount in excess of the carrying value of debt and reflect the unamortized portion of the original issue discount on the Senior Subordinated Notes of $0.5 million as of September 27, 2014, which is amortizable until March 2018.