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CREDIT FACILITIES (Tables)
3 Months Ended
Dec. 28, 2012
Debt Disclosure [Abstract]  
Schedule of Debt [Table Text Block]

A summary of borrowings at period end follows:

 

    Fixed/           Interest Rate     Balances  
    Variable           December 28,     September 30,     December 28,     September 30,  
Debt   Rate     Maturity     2012     2012     2012     2012  
                (percents)     (thousands)  
M&T borrowings:                                                
Revolving credit facility   v     12/17/13       2.50       3.00     $ 12,255     $ 6,588  
SCB term loan   v     12/17/15       2.75       3.25       12,000       13,000  
Albuquerque term loan   v     12/16/14       2.75       3.25       2,000       2,250  
Albuquerque mortgage loan   v     12/16/14       2.75       3.25       3,200       3,267  
Celmet term loan   v     07/30/15       2.75       3.25       1,067       1,166  
Equipment loans (2)   v     12/17/13       3.25       3.25       604       672  
Equipment loan   f     06/03/13       2.85       2.93       62       108  
Energy loan   f     04/02/13       2.08       2.08       13       23  
                                                 
Other borrowings:                                              
Seller notes, Wire and Cable   f     06/01/13       3.00       3.00       306       463  
Albuquerque industrial revenue bond   f     03/01/19       5.63       5.63       100       100  
Total debt                                   31,607       27,637  
Less: current portion                                   (3,380 )     (6,533 )
Long-term debt                                 $ 28,227     $ 21,104
Schedule Of Debt Covenant [Table Text Block]
The Company is required to maintain (i) a minimum level of quarterly EBITDARS, (ii) a ratio of debt to twelve-month EBITDARS that is below a specified limit, and (iii) a minimum fixed charge coverage ratio as described in the table below.

 

Debt Covenant   Limit    
Quarterly EBITDARS (000s)     Must be above $1,500    
Total debt to EBITDARS     Must be below 3.00x    
Fixed charge coverage ratio (a)     Must be above 1.25x    

 

(a) The ratio compares (i) 12-month EBITDA plus non-cash stock compensation expense minus unfinanced capital expenditures minus cash taxes paid, to (ii) the sum of interest expense, principal payments, sale-leaseback payments and dividends, if any (fixed charges).

Schedule of Maturities of Long-term Debt [Table Text Block]

A summary of contractual principal payments under IEC's borrowings for the next five years taking into consideration the 2013 Credit Agreement follows: 

    Contractual  
    Principal  
Debt Repayment Schedule   Payments  
    (thousands)  
Twelve months ending December 28,        
2013   $ 3,380  
2014     2,778  
2015     2,778  
2016*     6,157  
2017 and thereafter     16,514  
    $ 31,607  

 

*Includes Revolver balance of $3,379 as of December 28, 2012.