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DEBT
3 Months Ended
Apr. 04, 2015
Debt Disclosure [Abstract]  
DEBT
DEBT
Debt consisted of the following:
(In millions)
 
April 4, 2015
 
January 3, 2015
Prudential Agreement - 5.79 percent
 
$
150.0

 
$
150.0

Tax increment financing debt
 
23.2

 
23.7

Revolver
 
69.9

 

Capital leases
 
0.6

 
0.6

Foreign subsidiary debt
 
2.7

 
3.5

 
 
246.4

 
177.8

Less current maturities
 
(103.2
)
 
(34.1
)
Long-term debt
 
$
143.2

 
$
143.7



During the first quarter ended April 4, 2015, a portion of the Revolver borrowing (the "Credit Agreement") was used for working capital needs.

On May 5, 2015, the Company executed the following agreements:  Amendment No. 6 to the Prudential Agreement; Amendment No. 3 to the Credit Agreement; and Amendment No. 1 to the Bond Purchase and Loan Agreement. Each of those agreements provides for debt repayment guarantees from certain Company subsidiaries and waives certain non-financial covenants related to subsidiary guarantees.


The following debt payments are expected to be paid in accordance with the following schedule:
(In millions) 
 
Total
 
Year 1
 
Year 2
 
Year 3
 
Year 4
 
Year 5
 
More Than 5 Years
Debt
 
$
245.8

 
$
102.9

 
$
31.1

 
$
31.1

 
$
31.4

 
$
31.1

 
$
18.2

Capital leases
 
0.6

 
0.3

 
0.1

 
0.1

 
0.1

 

 

 
 
$
246.4

 
$
103.2

 
$
31.2

 
$
31.2

 
$
31.5

 
$
31.1

 
$
18.2