J.	Long-term Debt

Long-term debt at March 27, 2015 and June 30, 2014 consisted of the following (in thousands):

	March 27,	June 30,
	2015	2014

Revolving loan	$5,235	$11,200
10-year unsecured senior notes	7,143	7,143
Other	22	61
Subtotal	12,400	18,404
Less: current maturities and short-term borrowings	(3,571)	(3,604)
Total long-term debt	$8,829	$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 March 27, 2015, 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 (0.92% and 0.88% for March 27, 2015 and June 30, 2014, respectively), plus the current add-on related to the revolving loan agreement (1.00% for March 27, 2015 and June 30, 2014) resulting in a total rate of 1.92% and 1.88% for March 27, 2015 and June 30, 2014, respectively. The fair value of the Company’s 10-year unsecured senior notes due April 10, 2016 was approximately $7,385,000 and $7,605,000 at March 27, 2015 and June 30, 2014, respectively. The Company’s revolving loan agreement approximates fair value at March 27, 2015 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.