DEBT ACTIVITY	9 Months Ended
Oct. 04, 2014
DEBT ACTIVITY
DEBT ACTIVITY	14. DEBT ACTIVITY On May 23, 2014, the Company, entered into a First Amendment (the “Amendment”) to the Credit Agreement dated May 17, 2013. The Amendment increased the credit limit on the Company’s U.S. revolving line of credit (the “Revolver”) by $300 million to $1,050 million. The Company made principal payments of $3.1 million and $12.5 million under its $250 million term loan (the “Term Loan”) during the Third Quarter and Year To Date Period, respectively. The Company had net borrowings of $80.2 million and $128.2 million under its Revolver during the Third Quarter and Year To Date Period, respectively. Borrowings were primarily used to fund common stock repurchases, capital expenditures and normal operating expenses. As of October 4, 2014, $234.4 million and $378.2 million were outstanding under the Term Loan and the Revolver, respectively. Amounts available under the Revolver are reduced by any amounts outstanding under standby letters of credit. As of October 4, 2014, the Company had available borrowing capacity of approximately $670.9 million under the Revolver. The Company incurred approximately $1.5 million and $4.7 million of interest expense related to the Term Loan during the Third Quarter and Year To Date Period, respectively, including the impact of the related interest rate swap. The Company incurred approximately $1.5 million and $4.1 million of interest expense related to the Revolver during the Third Quarter and Year To Date Period, respectively. The Company was in compliance with all covenants in the Term Loan and Revolver as of October 4, 2014.

DEBT ACTIVITY

9 Months Ended

Oct. 04, 2014

14. DEBT ACTIVITY

On May 23, 2014, the Company, entered into a First Amendment (the “Amendment”) to the Credit Agreement dated May 17, 2013. The Amendment increased the credit limit on the Company’s U.S. revolving line of credit (the “Revolver”) by $300 million to $1,050 million.

The Company made principal payments of $3.1 million and $12.5 million under its $250 million term loan (the “Term Loan”) during the Third Quarter and Year To Date Period, respectively. The Company had net borrowings of $80.2 million and $128.2 million under its Revolver during the Third Quarter and Year To Date Period, respectively. Borrowings were primarily used to fund common stock repurchases, capital expenditures and normal operating expenses. As of October 4, 2014, $234.4 million and $378.2 million were outstanding under the Term Loan and the Revolver, respectively. Amounts available under the Revolver are reduced by any amounts outstanding under standby letters of credit. As of October 4, 2014, the Company had available borrowing capacity of approximately $670.9 million under the Revolver. The Company incurred approximately $1.5 million and $4.7 million of interest expense related to the Term Loan during the Third Quarter and Year To Date Period, respectively, including the impact of the related interest rate swap. The Company incurred approximately $1.5 million and $4.1 million of interest expense related to the Revolver during the Third Quarter and Year To Date Period, respectively. The Company was in compliance with all covenants in the Term Loan and Revolver as of October 4, 2014.