Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v3.5.0.2
Long-Term Debt (Tables)
 12 Months Ended
Sep. 24, 2016
Debt Disclosure [Abstract]  
Components of Long-Term Debt
Long-term debt consists of the following:
 
 
 
September 24,
2016

September 26,
2015
 
 
(in thousands)
Senior notes, interest at 6.125%, payable semi-annually, principal due November 2023
 
 
$
400,000

 
$
—

Senior subordinated notes, interest at 8.25%, payable semi-annually, repaid in December 2015
 
 
—

 
400,000

Unamortized discount
 
 
—

 
(309
)
Unamortized debt issuance costs
 
 
(5,635
)
 
(3,157
)
Net carrying value
 
 
394,365

 
396,534

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%, amended in April 2016
 
 
—

 
—

Asset-based revolving credit facility, interest at LIBOR plus a margin of 1.25% to 1.50% or Base Rate plus a margin of 0.25% to 0.50%, final maturity April 2021
 
 
—

 
—

Other notes payable
 
 
904

 
448

Total
 
 
395,269

 
396,982

Less current portion
 
 
(463
)
 
(291
)
Long-term portion
 
 
$
394,806

 
$
396,691


Scheduled Principal Repayments on Long-Term Debt
The scheduled principal repayments on long-term debt as of September 24, 2016 are as follows:
 
 
(in thousands)
 
Fiscal year:
 
 
2017
$
463

  
2018
374

  
2019
5

  
2020
62

  
2021
—

  
Thereafter
400,000

  
Total
$
400,904

(1)
 __________________________
(1)
Debt repayments do not reflect the unamortized portion of deferred financing costs associated with the 2023 Notes of $5.6 million as of September 24, 2016, which is amortizable until November 2023 and is included in the carrying value.