J.	Long-term Debt

Long-term debt at December 26, 2014 and June 30, 2014 consisted of the following (in thousands):

	December 26, 2014			June 30, 2014

Revolving loan	$	9,575		$	11,200
10-year unsecured senior notes		7,143			7,143
Other		29			61
Subtotal		16,747			18,404
Less: current maturities and short-term borrowings		(3,575	)		(3,604	)
Total long-term debt	$	13,172		$	14,800

The revolving loan and unsecured senior notes listed above are subject to certain covenants, including restrictions on investments, acquisitions and indebtedness. Financial covenants, as defined, include a minimum consolidated net worth, a minimum EBITDA for the most recent four fiscal quarters, and a maximum total funded debt to EBITDA ratio. As of December 26, 2014, the Company was in compliance with these covenants.

The fair value of long-term debt is estimated by discounting the future cash flows at rates offered to the Company for similar debt instruments of comparable maturities. This rate was represented by the US Treasury Three-Year Yield Curve Rate (1.19% and 0.88% for December 26, 2014 and June 30, 2014, respectively), plus the current add-on related to the revolving loan agreement (1.00% for December 26, 2014 and June 30, 2014) resulting in a total rate of 2.19% and 1.88% for December 26, 2014 and June 30, 2014, respectively. The fair value of the Company’s 10-year unsecured senior notes due April 10, 2016 was approximately $7,441,000 and $7,605,000 at December 26, 2014 and June 30, 2014, respectively. The Company’s revolving loan agreement approximates fair value at December 26, 2014 and June 30, 2014. If measured at fair value in the financial statements, long-term debt (including the current portion) would be classified as Level 2 in the fair value hierarchy.