Note 9. Long-Term Debt

	June 30, 2013		July 1, 2012
	(in thousands)

Term loan (1)	$	—	$	29,250
Revolving line of credit (1)	—		—
Obligations under capital leases	—		6
	—		29,256
Less current maturities of long-term debt obligations under capital leases	—		15,756
	$	—	$	13,500

(1) On April 16, 2010, the Company entered into a Second Amended and Restated Credit Agreement (the “2010 Credit Facility”) with JPMorgan Chase Bank N.A., as administrative agent, and a group of lenders. The 2010 Credit Facility consisted of a $60.0 million term loan with a maturity date of March 30, 2014, and a revolving credit line which extended through April 16, 2014, and included a seasonally adjusted limit which ranged from $40.0 to $75.0 million. The term loan was payable in sixteen quarterly installments of principal and interest beginning in June 2010, with escalating principal payments at the rate of 20% in year one, 25% in years two and three and 30% in year four. Interest on outstanding amounts under the 2010 Credit Facility was calculated under: (i) LIBOR plus a defined margin, or (ii) the agent bank’s prime rate plus a margin. The applicable margins for the Company’s term loans and revolving credit facility ranged from 3.00% to 3.75% for LIBOR loans and 2.00% to 2.75% for ABR loans with pricing based upon the Company’s leverage ratio.

On April 10, 2013, the Company entered into a Third Amended and Restated Credit Agreement (the “2013 Credit Facility”). The 2013 Credit Facility consists of a revolving line of credit with a seasonally adjusted limit ranging from $150.0 to $200.0 million and a working capital sublimit ranging from $25.0 to $75.0 million. The 2013 Credit Facility also revises certain financial and non-financial covenants, including the maintenance of certain financial ratios. The Company was in compliance with these covenants as of June 30, 2013. Outstanding amounts under the 2013 Credit Facility, which matures on April 10, 2018, will bear interest at the Company’s option at either: (i) LIBOR, plus a spread of between 150 and 225 basis points, as determined by the Company’s leverage ratio, or (ii) the agent bank’s prime rate plus a margin. The obligations of the Company and its subsidiaries under the 2013 Credit Facility were secured by liens on all personal property of the Company and its domestic subsidiaries. There were no amounts outstanding under the 2013 Credit Facility as of June 30, 2013.