Borrowings |
4 Months Ended |
|---|---|
Apr. 21, 2019 | |
| Debt Disclosure [Abstract] | |
| Borrowings |
Borrowings
Long-term debt as of April 21, 2019 and December 30, 2018 was $183.4 million and $193.4 million.
On June 30, 2016, the Company entered into a credit facility (the “Credit Facility”), which provides for a $400 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 matures on June 30, 2021. As of April 21, 2019, the Company had outstanding borrowings under the Credit Facility of $182.5 million, in addition to amounts issued under letters of credit of $7.4 million, which reduced the amount available under the facility but were not recorded as debt. As of December 30, 2018, the Company had outstanding borrowings under the Credit Facility of $192.5 million, in addition to amounts issued under letters of credit of $7.8 million.
Loan origination costs associated with the Credit Facility are included as deferred costs in Other assets, net in the accompanying condensed consolidated balance sheets. Unamortized debt issuance costs were $1.5 million and $1.7 million as of April 21, 2019 and December 30, 2018.
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