Borrowings |
4 Months Ended |
|---|---|
Apr. 17, 2016 | |
| Debt Disclosure [Abstract] | |
| Borrowings |
Borrowings
The Company maintains a credit facility (the “Credit Facility”) with a group of lenders which provides for a $325 million revolving line of credit with a sublimit for the issuance of up to $25 million in letters of credit and swingline loans up to $15 million. The Credit Facility also provides a Canadian Dollar borrowing sublimit equivalent to $20 million. On March 11, 2016, the Company entered into an amendment to the Credit Facility to permit sale leaseback transactions under the terms of the Credit Facility up to an aggregate amount of $30 million.
The Credit Facility matures on July 2, 2019. As of April 17, 2016, the Company had outstanding borrowings under the Credit Facility of $253.5 million, in addition to amounts issued under letters of credit of $8.3 million, which reduced the amount available under the credit facility but were not recorded as debt.
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