v3.21.1

Borrowings (Tables) | 9 Months Ended
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Mar. 26, 2021
Debt Disclosure [Abstract] |
Total Borrowings, Including Revolving and Long-Term Borrowings | The Company’s total borrowings, including current and non-current portions of long-term borrowings, consisted of the following:
(amount in thousands) |  |  |  |  |  |  |
Rate | Conditions |  | Maturity |  | As of March 26, 2021 |  | As of June 26, 2020
Long-term borrowings, current portion, net: |  |  |  |  |  |  |
Long-term borrowings, current portion |  |  |  |  | $ | 12,188 |  |  | $ | 12,188 |
Less: Unamortized debt issuance costs – current portion |  |  |  |  | (32) |  |  | (32) |
Long-term borrowings, current portion, net |  |  |  |  | $ | 12,156 |  |  | $ | 12,156 |
Long-term borrowings, non-current portion, net: |  |  |  |  |  |  |
Term loan borrowings: |  |  |  |  |  |  |
3-month LIBOR +1.35% per annum (1) | Repayable in quarterly installments |  | June 2024 |  | $ | 42,656 |  |  | $ | 51,797 |
Less: Current portion |  |  |  |  | (12,188) |  |  | (12,188) |
Less: Unamortized debt issuance costs – non-current portion |  |  |  |  | (71) |  |  | (95) |
Long-term borrowings, non-current portion, net |  |  |  |  | $ | 30,397 |  |  | $ | 39,514 |
(1)We have entered into interest rate swaps that effectively fix a series of our future interest payments on our term loans. Refer to Note 6.
Movements of Long-Term Loans | The movements of long-term borrowings for the nine months ended March 26, 2021 and March 27, 2020 were as follows:
| Nine Months Ended
(amount in thousands) | March 26, 2021 |  | March 27, 2020
Opening balance | $ | 51,797 |  |  | $ | 60,938 |
Borrowings during the period | — |  |  | 60,938 |
Repayments during the period | (9,141) |  |  | (67,032) |
Closing balance | $ | 42,656 |  |  | $ | 54,844 |
Future Maturities of Long-Term Debt | As of March 26, 2021, future maturities of long-term borrowings during each fiscal year were as follows:
(amount in thousands) |
2021 (remaining three months) | $ | 6,094 |
2022 | 12,187 |
2023 | 12,187 |
2024 | 12,188 |
Total | $ | 42,656 |

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