LONG-TERM DEBT

12 Months Ended

Jul. 28, 2012

(7) LONG-TERM DEBT

During the year ended July 28, 2012, the Company used the availability under its amended and restated revolving credit facility to pay off its term loan agreement which accrued interest at 30 day LIBOR plus 1.0% and was to mature in July 2012.

As of July 28, 2012 and July 30, 2011, the Company's long-term debt consisted of the following:

	July 28, 2012		July 30, 2011

	(In thousands)
Term loan payable to bank, secured by real estate, due monthly, and maturing in July 2012, at an interest rate of 30 day LIBOR plus 1.00% (1.19% at July 30, 2011)		—	$	47,111
Real estate and equipment term loans payable to bank, secured by building and other assets, due monthly and maturing in June 2015, at an interest rate of 8.60%		598		771
Term loan for employee stock ownership plan, secured by common stock of the Company, due monthly and maturing in May 2015, at an interest rate of 1.33%		387		551

	$	985	$	48,433
Less: current installments		350		47,447

Long-term debt, excluding current installments	$	635	$	986

Aggregate maturities of long-term debt for the next five years and thereafter are as follows at July 28, 2012:

Year	(In thousands)

2013	$	350
2014		371
2015		264
2016		—
2017		—
2018 and thereafter		—

	$	985