v3.8.0.1
LONG-TERM DEBT AND FINANCING LEASE OBLIGATIONS (Tables)
 9 Months Ended
Oct. 01, 2017
Debt Disclosure [Abstract]  
Schedule Of Debt [Table Text Block]

 

 

 

 

 

 

 

 

    

October 1,

    

January 1,

(in thousands)

    

2017

    

2017

First Note - Venture Bank - monthly installments of principal and interest until December 2, 2026

 

 

3,611

  

 

3,700

Second Note - Venture Bank - monthly payments of principal and interest until December 2, 2023

 

 

5,714

  

 

6,300

Less: deferred financing fees

 

 

(232)

  

 

(234)

Less: current maturities

 

 

(929)

  

 

(917)

Long-term debt net of current maturities

 

$

8,164

  

$

8,849

 

Schedule Of Financing Lease Obligations [Table Text Block]

 

 

 

 

 

 

 

 

    

October 1,

    

January 1,

(in thousands)

    

2017

    

2017

Financing lease – Spirit Financial – monthly installments of $40 – effective interest rate of 7.87%, due in March 2019.

 

$

1,663

 

$

2,757

Less: deferred financing fees

 

 

(15)

 

 

(23)

Less: current maturities

 

 

(360)

 

 

(454)

Long-term financing lease net of current maturities

 

$

1,288

 

$

2,280