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BANK CREDIT ARRANGEMENTS | 12 Months Ended
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Dec. 29, 2012
BANK CREDIT ARRANGEMENTS |
BANK CREDIT ARRANGEMENTS | (7) BANK CREDIT ARRANGEMENTS The Company maintains various lines of credit for short-term borrowings totaling $75,577. As of December 29, 2012, $12,802 was outstanding. The interest rates charged on these lines of credit vary in relation to the banks' costs of funds. The unused and available borrowings under the lines of credit were $62,775 at December 29, 2012. The lines of credit can be modified at any time at the option of the banks. The Company pays no fees in connection with these lines of credit. In addition to the lines of credit, the Company also maintains other short-term bank loans. The weighted average interest rate on short-term borrowings was 7.18% at December 29, 2012, and 3.42% at December 31, 2011. Other notes payable of $573 and $6,357 were outstanding at December 29, 2012 and December 31, 2011, respectively.

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- Definition Entire disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of draw downs on the line. + References No definition available. + Details
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