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Note 9 - Guarantees
 12 Months Ended
Dec. 30, 2017
Notes to Financial Statements  
Commitments Contingencies and Guarantees [Text Block]
9.
     
Guarantees
 
Accrued Warranty
 
Changes in accrued warranty during the
three
-year period ended
December 30, 2017,
was as follows
:
 
(in thousands)
  
2017
    
2016
    
2015
  
Beginning balance
   $
4,350
     $
4,886
     $
5,848
  
Warranty accruals
    
6,765
      
6,088
      
6,747
  
Warranty payments
    
(6,316
 )    
(6,624
 )    
(7,709
 )
Warranty liability assumed
    
50
      
-
      
-
  
Ending balance
   $
4,849
     $
4,350
     $
4,886
  
 
Accrued warranty amounts expected to be incurred after
one
year are included in noncurrent other accrued liabilities in the consolidated balance sheet. These amounts totaled
$0.6
 million at both
December 30, 2017,
and
December 31, 2016.
 
Revolving Lines of Credit and Term Loans
 
As a result of the Acquisition, we assumed a series of revolving credit facilities with various financial institutions in Japan. The credit facilities renew monthly and provide Kita with access to working capital totaling up to
$6.2
 million. At
December 30, 2017,
total borrowings outstanding under the revolving lines of credit were
$3.1
 million. As these credit facility agreements renew monthly, they have been included in short-term borrowings in our condensed consolidated balance sheet.
 
We also assumed term loans from a series of Japanese financial institutions primarily related to the expansion of Kita
’s facility in Osaka, Japan. The loans are collateralized by the facility and land, carry interest rates ranging from
0.05%
to
0.45%,
and expire at various dates through
2034.
At
December 30, 2017,
the outstanding loan balance was
$5.9
 million and
$1.3
 million of the outstanding balance is presented as current installments of long-term debt in our consolidated balance sheets. The fair value of the debt approximates the carrying value at
December 30, 2017.
 
The revolving lines of credit and term loans are denominated in Japanese Yen and, as a result, amounts disclosed herein will fluctuate because of changes in currency exchange rates.
 
At
December 30, 2017,
future payments for the Kita
’s revolving credit facilities and term loans total
$9.0
 million at
December 30, 2017,
of which approximately
$1.3
 million will be due in
2018,
$1.2
 million will be due in
2019,
$1.0
 million will be due in
2020,
$1.1
 million will be due in
2021,
$0.8
 million will be due in
2022
and
$3.6
 million thereafter.
 
Our wholly owned Ismeca subsidiary has
one
available line of credit which provide it with borrowings of up to a total of
2.0
 million Swiss Francs. At
December 30, 2017,
and
December 31, 2016,
no
amounts were outstanding under this line of credit.