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BANK CREDIT ARRANGEMENTS | 12 Months Ended
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Dec. 26, 2015
BANK CREDIT ARRANGEMENTS |
BANK CREDIT ARRANGEMENTS | (8) BANK CREDIT ARRANGEMENTS The Company maintains various lines of credit for short-term borrowings totaling $103,484 at December 26, 2015. As of December 26, 2015 and December 27, 2014, $199 and $13,058 was outstanding, respectively. 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 $103,285 at December 26, 2015. 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 5.23% at December 26, 2015, and 6.56% at December 27, 2014. Other notes payable of $777 and $894 were outstanding at December 26, 2015 and December 27, 2014, 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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