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Long-Term Debt (Tables)
9 Months Ended
Mar. 26, 2017
Debt Disclosure [Abstract]  
Long-Term Debt Components

The following table presents the total balances outstanding for the Company’s debt obligations, their scheduled maturity dates and the weighted average interest rates for borrowings as well as the applicable current portion of long-term debt:

 

 

 

 

 

 

 

Weighted Average

 

 

 

 

 

 

Scheduled

 

 

Interest Rate as of

 

 

Principal Amounts as of

 

 

 

Maturity Date

 

 

March 26, 2017

 

 

March 26, 2017

 

 

June 26, 2016

 

ABL Revolver

 

March 2020

 

 

 

2.5%

 

 

$

11,100

 

 

$

6,200

 

ABL Term Loan (1)

 

March 2020

 

 

 

2.3%

 

 

 

97,500

 

 

 

90,250

 

Capital lease obligations

 

(2)

 

 

(3)

 

 

 

25,815

 

 

 

15,798

 

Construction financing

 

(4)

 

 

(4)

 

 

 

 

 

 

6,629

 

Renewables’ term loan

 

 

 

 

 

 

 

 

 

 

 

4,000

 

Renewables’ promissory note

 

 

 

 

 

 

 

 

 

 

 

135

 

Total debt

 

 

 

 

 

 

 

 

 

 

134,415

 

 

 

123,012

 

Current portion of capital lease obligations

 

 

 

 

 

 

 

 

 

 

(6,823

)

 

 

(4,261

)

Current portion of other long-term debt

 

 

 

 

 

 

 

 

 

 

(10,000

)

 

 

(9,525

)

Unamortized debt issuance costs

 

 

 

 

 

 

 

 

 

 

(1,118

)

 

 

(1,421

)

Total long-term debt

 

 

 

 

 

 

 

 

 

$

116,474

 

 

$

107,805

 

 

(1)

The weighted average interest rate as of March 26, 2017 for the ABL Term Loan includes the effects of the historical interest rate swap with a notional balance of $50,000.

(2)

Scheduled maturity dates for capital lease obligations range from May 2017 to November 2027.

(3)

Interest rates for capital lease obligations range from 2.7% to 4.6%.

(4)

Refer to the discussion under the heading “—Construction Financing” below for further information.

Scheduled Maturities of Outstanding Debt Obligations

The following table presents the scheduled maturities of the Company’s outstanding debt obligations for the remainder of fiscal 2017 and the fiscal years thereafter:

 

 

 

Scheduled Maturities on a Fiscal Year Basis

 

 

 

2017

 

 

2018

 

 

2019

 

 

2020

 

 

2021

 

 

Thereafter

 

ABL Revolver

 

$

 

 

$

 

 

$

 

 

$

11,100

 

 

$

 

 

$

 

ABL Term Loan

 

 

2,500

 

 

 

10,000

 

 

 

10,000

 

 

 

75,000

 

 

 

 

 

 

 

Capital lease obligations

 

 

1,707

 

 

 

6,852

 

 

 

6,891

 

 

 

5,322

 

 

 

2,555

 

 

 

2,488

 

Total

 

$

4,207

 

 

$

16,852

 

 

$

16,891

 

 

$

91,422

 

 

$

2,555

 

 

$

2,488