XML 44 R14.htm IDEA: XBRL DOCUMENT

Borrowings	6 Months Ended
Mar. 27, 2015
Borrowings	NOTE 8 – BORROWINGS The Company’s credit agreement allows for borrowing up to 80% of its eligible accounts receivable with a maximum borrowing capacity of $12.0 million. The credit agreement has interest rates ranging from LIBOR + 2.25% to Prime + 0.75%, expires on November 21, 2015, and is secured by substantially all of the assets of the Company. As of March 27, 2015 the Company’s borrowing capacity was $12.0 million. There were no amounts outstanding under the Company’s credit agreement as of March 27, 2015 and September 26, 2014. The credit agreement contains certain financial covenants, with which the Company was in compliance as of March 27, 2015.

Borrowings

6 Months Ended

Mar. 27, 2015

NOTE 8 – BORROWINGS

The Company’s credit agreement allows for borrowing up to 80% of its eligible accounts receivable with a maximum borrowing capacity of $12.0 million. The credit agreement has interest rates ranging from LIBOR + 2.25% to Prime + 0.75%, expires on November 21, 2015, and is secured by substantially all of the assets of the Company. As of March 27, 2015 the Company’s borrowing capacity was $12.0 million. There were no amounts outstanding under the Company’s credit agreement as of March 27, 2015 and September 26, 2014. The credit agreement contains certain financial covenants, with which the Company was in compliance as of March 27, 2015.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References+ Details