Line of Credit and Long-term Debt (Tables)

3 Months Ended

Oct. 29, 2016

Line of Credit Borrowings and Long-Term Debt

Line of credit borrowings and long-term debt consist of (in thousands):

	October 29,		July 30,		October 31,
	2016		2016		2015
Line of credit borrowings	$	80,000	$	42,000	$	50,000
Long-term debt -
ABL term loan due December 2017, LIBOR plus 10.25%
Principal amount	$	49,375	$	50,000	$	-
Less unamortized deferred financing costs		(2,691)		(3,228)		-
ABL term loan, net of unamortized deferred financing costs		46,684		46,772		-
Term loan due February 2018, Adjusted LIBOR (with a floor of 1.5%) plus 3.5%
Principal amount		769,102		769,102		769,102
Less unamortized deferred financing costs		(5,137)		(6,062)		(8,760)
Less unamortized discount		(477)		(563)		(814)
Term loan, net of unamortized discount and deferred financing costs		763,488		762,477		759,528
Senior notes due December 2018, 9.125%
Principal amount		171,006		171,006		346,000
Less unamortized deferred financing costs		(3,447)		(3,826)		(9,768)
Senior notes, net of unamortized deferred financing costs		167,559		167,180		336,232
Total long-term debt, net of unamortized discount and deferred financing costs		977,731		976,429		1,095,760
Less current portion of long-term debt		(7,577)		(5,527)		-
Long-term portion of long-term debt, net of unamortized discount and deferred financing costs	$	970,154	$	970,902	$	1,095,760
Total line of credit borrowings and long-term debt, net of unamortized discount and deferred financing costs	$	1,057,731	$	1,018,429	$	1,145,760

Scheduled Future Minimum Principal Payments on Long-Term Debt, Excluding Amortization of Deferred Financing Costs and Accretion of Original Issue Discount

Future minimum principal payments on long-term debt, excluding amortization of deferred financing costs of $11.3 million and accretion of original issue discount (“OID”) of $0.5 million as of October 29, 2016, are as follows (in thousands):

Fiscal years ending	Principal Payments
July 29, 2017	$	4,902
July 28, 2018		813,575
July 27, 2019		171,006
Total	$	989,483