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Borrowings (Tables)
 12 Months Ended
Dec. 27, 2014
Debt Disclosure [Abstract]  
Schedule of Funded Debt to Adjusted Ratio Percentage [Table Text Block]
Applicable Rate means the applicable rate per annum set forth below, based upon Escalade’s Funded Debt to Adjusted Ratio as of the most recent determination date:
 
  
Funded Debt to
Adjusted EBITDA
Ratio
 
Revolving
Eurodollar
Borrowing
 
Term
Eurodollar
Borrowing
 
ABR
Revolving
Borrowing
 
ABR Term
Borrowing
 
Letter of
Credit Fee
 
Commitment
Fee
 
Category 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Greater than or equal to 2.50 to 1.0
 
 
2.50
%
 
 
2.75
%
 
 
0.50
%
 
 
0.75
%
 
 
2.50
%
 
0.45
%
Category 2
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Greater than or equal to 2.25 to 1.0 but less than 2.50 to 1.0
 
 
2.25
%
 
 
2.50
%
 
 
0.25
%
 
 
0.50
%
 
 
2.25
%
 
0.40
%
Category 3
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Greater than or equal to 2.00 to 1.0 but less than 2.50 to 1.0
 
 
2.00
%
 
 
2.25
%
 
 
0.00
%
 
 
0.25
%
 
 
2.00
%
 
0.35
%
Category 4
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Greater than or equal to 1.75 to 1.0 but less than 2.00 to 1.0
 
 
1.75
%
 
 
2.00
%
 
 
(0.25)
%
 
 
0.00
%
 
 
1.75
%
 
0.30
%
Category 5
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less than 1.75 to 1.0
 
 
1.50
%
 
 
1.75
%
 
 
(0.50)
%
 
 
(0.25)
%
 
 
1.50
%
 
0.30
%
Schedule of Short-term Debt [Table Text Block]
Short-term debt at fiscal year-ends was as follows:
 
In Thousands
 
2014
 
2013
 
 
 
 
 
 
 
Senior secured revolving credit facility of $31.0 million with a maturity of August 27, 2016.  The interest rates at December 27, 2014 was 1.688%.
 
$
13,500
 
$
19,000
 
 
 
 
 
 
 
 
 
Short-term debt reclassified from long-term debt
 
 
4,286
 
 
4,263
 
 
 
$
17,786
 
$
23,263
 
Schedule of Long-term Debt Instruments [Table Text Block]
Long-term debt at fiscal year-ends was as follows:
 
In Thousands
 
2014
 
2013
 
 
 
 
 
 
 
Term loan of $5.0 million with a maturity date of August 27, 2018.   The interest rate at December 27, 2014, was 1.9375%.
 
$
3,750
 
$
4,750
 
 
 
 
 
 
 
 
 
Mortgage payable (Wabash, Indiana Adjustable Rate Economic Development Revenue Refunding Bonds), annual installments are optional, interest varies with short-term rates and is adjustable weekly based on market conditions, maximum rate is 10.00%, rate at December 27, 2014 is 0.31%, due September 2028, secured by real estate and a stand-by letter of credit
 
 
2,700
 
 
2,700
 
 
 
 
 
 
 
 
 
Seller-financed agreement for real estate in Mexico.  The agreement requires sixteen quarterly installments of $156 thousand each with a maturity date of November 30, 2016.  This agreement has an interest rate of zero percent and is secured by the financed real estate in Mexico.
 
 
1,196
 
 
1,759
 
 
 
 
 
 
 
 
 
 
 
 
7,646
 
 
9,209
 
Portion classified as short-term debt
 
 
(4,286)
 
 
(4,263)
 
 
 
$
3,360
 
$
4,946