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BANK CREDIT ARRANGEMENTS | 12 Months Ended
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Dec. 31, 2016
BANK CREDIT ARRANGEMENTS |
BANK CREDIT ARRANGEMENTS | (8) BANK CREDIT ARRANGEMENTS The Company maintains various lines of credit for short-term borrowings totaling $109,424 at December 31, 2016. As of December 31, 2016 and December 26, 2015, $0 and $199 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 $109,424 at December 31, 2016. 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. Other notes payable of $746 and $777 were outstanding at December 31, 2016 and December 26, 2015, 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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