Debt

6 Months Ended

Jul. 03, 2022

The components of debt outstanding at July 3, 2022 and January 2, 2022 are as follows:


	July 3, 2022		January 2, 2022
Revolver	$	45,167	$	26,223
Financing (by VIE)	37,341		37,850
Unamortized debt issuance costs (1)	(4,276)		(4,624)
Total long-term debt, including current maturities	78,232		59,449
Less: Current portion of long-term debt	(1,042)		(1,021)
Long-term debt, excluding current portion and unamortized debt issuance costs	$	77,190	$	58,428

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(1)Unamortized debt issuance costs as of July 3, 2022 included $1,286 for the Revolver (as defined below) and $2,990 for the Financing (as defined below). Unamortized debt issuance costs as of January 2, 2022 included $1,471 for the Revolver and $3,153 for the Financing (by VIE).

Revolver

The outstanding balance of our amended and restated revolving credit agreement with Wells Fargo Bank, National Association (the “Revolver”) was $45,167 as of July 3, 2022 at an interest rate of 4.1%. Our remaining availability under the Revolver was $17,551 as of July 3, 2022. However, we must maintain availability under the Revolver of at least $15,000 in order to not have to comply with the leverage ratio and fixed charge coverage ratio financial covenants contained in the Revolver with respect to the fiscal quarters ending on or prior to July 2, 2023. As of July 3, 2022, our unused remaining availability was $17,551 and we were in compliance with applicable financial covenants of the Revolver and expect to be in compliance with applicable financial covenants over the next twelve months.

Maturities

As of July 3, 2022, the Revolver is due in December 2025. The Financing is repayable in equal monthly installments of $194 over 10 years, with the balance payable at the maturity date of October 6, 2030. Future principal payments of our Revolver and consolidated VIE’s Financing, excluding unamortized debt issuance costs, are as follows:


Remainder of 2022	$	515
2023	1,060
2024	1,094
2025	46,305
2026	1,177
Thereafter	32,357
Total	$	82,508