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LONG-TERM DEBT
9 Months Ended
Mar. 28, 2018
Debt Disclosure [Abstract]  
LONG-TERM DEBT
Long-term debt consists of the following (in thousands):
 
March 28,
2018
 
June 28,
2017
Revolving credit facility
$
432,250

 
$
392,250

5.00% notes
350,000

 
350,000

3.88% notes
300,000

 
300,000

2.60% notes
250,000

 
250,000

Capital lease obligations
43,667

 
45,417

Total long-term debt
1,375,917

 
1,337,667

Less unamortized debt issuance costs and discounts
(6,911
)
 
(8,189
)
Total long-term debt less unamortized debt issuance costs and discounts
1,369,006

 
1,329,478

Less current installments
(7,301
)
 
(9,649
)
 
$
1,361,705

 
$
1,319,829


During the thirty-nine week period ended March 28, 2018, net borrowings of $40.0 million were drawn on the $1.0 billion revolving credit facility primarily to fund share repurchases.
Under the revolving credit facility, $890.0 million of the facility is due on September 12, 2021, and the remaining $110.0 is due on March 12, 2020. The revolving credit facility bears interest of LIBOR plus an applicable margin, which is a function of our credit rating and debt to cash flow ratio, but is subject to a maximum of LIBOR plus 2.00%. Based on our current credit rating, as of March 28, 2018 we are paying interest at a rate of LIBOR plus 1.38% for a total of 3.27%. One month LIBOR at March 28, 2018 was approximately 1.89%.
As of March 28, 2018, $567.8 million of credit is available under the revolving credit facility. Obligations under our 2.60% notes, which will mature in May 2018, have been classified as long-term, reflecting our intention to pay off these notes through our existing revolving credit facility.
Our debt agreements contain various financial covenants that, among other things, require the maintenance of certain leverage and fixed charge coverage ratios. We are currently in compliance with all financial covenants.