9. Debt

Debt consisted of the following (in thousands):


	September 28, 2012		December 31, 2011
Senior Credit Facility – term loan	$	10,000	$	10,000

Total current portion of long-term debt	$	10,000	$	10,000


Senior Credit Facility – term loan	$	22,500	$	30,000
Senior Credit Facility – revolving credit facility		15,000		28,000

Total long-term debt	$	37,500	$	58,000



Total Senior Credit Facility	$	47,500	$	68,000

Senior Credit Facility

The Company’s senior secured credit agreement (the “Credit Agreement”) provides for a $40.0 million, 4-year, term loan facility due in quarterly installments of $2.5 million beginning in January 2012 and a $40.0 million, 4-year, revolving credit facility (collectively, the “Senior Credit Facility”) that matures in 2015. The Credit Agreement also provides for an additional uncommitted $25.0 million incremental facility, subject to the satisfaction of certain customary covenants.

Fair Value of Debt

As of September 28, 2012 and December 31, 2011, the outstanding balance of the Company’s Senior Credit Facility approximated fair value based on current rates available to the Company for debt of the same maturity, and is classified as Level 2 within the fair value hierarchy.