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Liquidity
9 Months Ended
Oct. 01, 2016
Debt Disclosure [Abstract]  
Liquidity
Liquidity
A portion of our debt is classified as “Current maturities of long-term debt” on our Condensed Consolidated Balance Sheet as of October 1, 2016, since it is due within the next twelve months. These amounts consist of a remaining $42.5 million principal reduction of our mortgage, which is due by July 1, 2017, and $2.5 million of the Tranche A Loan. We are actively engaged in marketing certain of our real estate holdings in order to meet the principal reduction date specified by our mortgage loan.
As of October 1, 2016, we had outstanding borrowings of $223.2 million and excess availability of $68.9 million under the terms of the U.S. revolving credit facility. 
On July 26, 2016, we were notified by the New York Stock Exchange (“NYSE”) that, as of that date, we regained compliance with the NYSE’s minimum average share price continued listing standard. In the fiscal third quarter of 2016, our average share price was $8.26, with low and high closing prices of $7.10 and $9.18, respectively, for the period.
We have maintained a market capitalization of at least $50.0 million on a daily basis since March 29, 2016. As previously disclosed in Item 1A, “Risk Factors,” of our Annual Report on Form 10-K for the year ended January 2, 2016, we have not yet regained compliance with the NYSE’s average market capitalization and stockholders’ equity continued listing standard, and so are still subject to compliance monitoring by the NYSE.