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Long-Term Debt (Tables)
6 Months Ended
Jun. 01, 2013
Long-Term Debt  
Schedule of long- term debt

 

 

 

 

June 1, 2013

 

December 1, 2012

 

Nonrecourse mortgages:

 

 

 

 

 

6.30%, due May 1, 2014

 

$

196

 

$

289

 

5.73%, due August 1, 2015

 

18,820

 

19,018

 

8.13%, due April 1, 2016

 

3,777

 

3,943

 

7.0%, due October 2, 2017

 

5,900

 

6,016

 

Variable rate mortgage, due October 2, 2017*

 

6,645

 

6,726

 

Variable rate mortgage, due February 1, 2019*

 

11,275

 

11,396

 

Variable rate mortgage, due August 1, 2019*

 

7,953

 

8,034

 

Variable rate mortgage, due January 27, 2020*

 

4,016

 

4,067

 

Total nonrecourse mortgages

 

58,582

 

59,489

 

Revolving line of credit

 

 

 

Capital leases

 

102

 

72

 

Total

 

58,684

 

59,561

 

Less: current portion

 

(1,949

)

(1,869

)

Total long-term debt

 

$

56,735

 

$

57,692

 

 

 

* Griffin entered into interest rate swap agreements effectively to fix the interest rates on these loans (see below).