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Debt, Capital Lease Obligations And Other Financing | 12 Months Ended
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Oct. 01, 2016
Debt and Capital Lease Obligations [Abstract] |
Debt, Capital Lease Obligations And Other Financing | Debt, Capital Lease Obligations and Other Financing Debt and capital lease obligations as of October 1, 2016 and October 3, 2015, consisted of the following (in thousands):
|  | 2016 |  | 2015
Borrowings under the credit facility |  | $ | 75,000 |  |  | $ | 75,000 |
5.20% Senior notes, due June 15, 2018 |  | 175,000 |  |  | 175,000 |
Capital lease, non-cash financing of leased facility and other obligations |  | 13,614 |  |  | 12,770 |
Unamortized deferred financing fees |  | (1,105 | ) |  | (964 | )
Total obligations |  | 262,509 |  |  | 261,806 |
Less: current portion |  | (78,507 | ) |  | (3,513 | )
Long-term debt and capital lease obligations, net of current portion |  | $ | 184,002 |  |  | $ | 258,293 |
The Company's weighted average interest rate on capital lease obligations was 5.58% and 7.59% as of October 1, 2016 and October 3, 2015, respectively. The aggregate scheduled maturities of the Company’s debt obligations as of October 1, 2016, are as follows (in thousands):
2017 | $ | 75,000 |
2018 | 175,000 |
2019 | — |
2020 | — |
2021 | — |
Thereafter | — |
Total | $ | 250,000 |
The aggregate scheduled maturities of the Company’s obligations under capital leases and other short-term borrowings (excluding capital lease payments related to the Guadalajara plant disclosed in Note 3, "Property, Plant and Equipment") as of October 1, 2016, are as follows (in thousands):
2017 | $ | 3,507 |
2018 | 927 |
2019 | 482 |
2020 | 183 |
2021 | 143 |
Thereafter | — |
Total | $ | 5,242 |
The Company has a senior unsecured revolving credit facility (the “Credit Facility”), which was amended on July 5, 2016, to, among other changes, extend its expiration from May 15, 2019, to July 5, 2021, and increase the maximum commitment from $265.0 million to $300.0 million. The Credit Facility, as amended, may be further increased to $500.0 million, generally by mutual agreement of the Company and the lenders, subject to certain customary conditions. During fiscal 2016, the highest daily borrowing was $232.0 million, the average daily borrowings were $188.6 million, and the Company borrowed and repaid $625.0 million of revolving borrowings under the Credit Facility. The financial covenants (as defined under the related Credit Agreement) require that the Company maintain, as of each fiscal quarter end, a maximum total leverage ratio and a minimum interest coverage ratio. As of October 1, 2016, the Company was in compliance with all financial covenants of the Credit Agreement. Borrowings under the Credit Facility bear interest, at the Company’s option, at a eurocurrency or base rate plus, in each case, an applicable interest rate margin based on the Company’s then-current leverage ratio (as defined in the Credit Agreement). As of October 1, 2016, the borrowing rate under the Credit Agreement was LIBOR plus 1.125% (or 1.648%). As of October 1, 2016, the $75.0 million of outstanding debt under the Credit Facility is effectively at a fixed interest rate as a result of a $75.0 million notional amount of interest rate swap contracts discussed in Note 5, "Derivatives and Fair Value Measurements." The Company is required to pay an annual commitment fee on the unused revolver credit commitment based on the Company's leverage ratio; the fee was 0.175% as of October 1, 2016. The Company also has outstanding 5.20% Senior Notes, due on June 15, 2018 (the “Notes”). As of October 1, 2016 and October 3, 2015, $175.0 million was outstanding, and the Company was in compliance with all financial covenants relating to the Notes, which are generally consistent with those in the Credit Agreement discussed above.

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- Definition The entire disclosure for debt and capital lease obligations can be reported. Information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Also includes descriptions and amounts of capital leasing arrangements that consist of direct financing, sales type and leveraged leases. Disclosure may include the effect on the balance sheet and the income statement resulting from a change in lease classification for leases that at inception would have been classified differently had guidance been in effect at the inception of the original lease. + References No definition available. + Details
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