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Subsequent Events:
12 Months Ended
Dec. 28, 2013
Subsequent Events:  
Subsequent Events:

14.                               Subsequent Events:

 

On February 4, 2014, the Company announced that its Board of Directors approved the payment of a special dividend to shareholders (the “2014 Special Dividend”).  The 2014 Special Dividend of $5.00 per share paid on March 3, 2014, totaled $25.8 million and was financed by a combination of cash on hand as well as net borrowings under the Line of Credit of $13.0 million.

 

On February 21, 2014, the Line of Credit was amended to, among other things, amend certain financial covenant calculations to remove the effect of the 2014 Special Dividend in such calculations, to reduce the applicable margin on the interest rate options, and to extend the termination date from February 29, 2016 to February 28, 2018.