v3.21.1
Borrowings (Tables)
 9 Months Ended
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)    
RateConditionsMaturity
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 
202212,187 
202312,187 
202412,188 
Total$42,656