BANK CREDIT ARRANGEMENTS

12 Months Ended

Dec. 28, 2013

BANK CREDIT ARRANGEMENTS

BANK CREDIT ARRANGEMENTS

(7) BANK CREDIT ARRANGEMENTS

        The Company maintains various lines of credit for short-term borrowings totaling $105,187 at December 28, 2013. As of December 28, 2013, $18,144 was outstanding. The interest rates charged on these lines of credit vary in relation to the banks' costs of funds. The unused and available borrowings under the lines of credit were $87,043 at December 28, 2013. The lines of credit can be modified at any time at the option of the banks. The Company pays no fees in connection with these lines of credit. In addition to the lines of credit, the Company also maintains other short-term bank loans. The weighted average interest rate on short-term borrowings was 8.65% at December 28, 2013, and 7.18% at December 29, 2012. Other notes payable of $880 and $573 were outstanding at December 28, 2013 and December 29, 2012, respectively.