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BANK CREDIT ARRANGEMENTS
12 Months Ended
Dec. 30, 2023
BANK CREDIT ARRANGEMENTS  
BANK CREDIT ARRANGEMENTS

(9) BANK CREDIT ARRANGEMENTS

The Company maintains various lines of credit for short-term borrowings totaling $39,336 available as of December 30, 2023. As of December 30, 2023 and December 31, 2022, $3,205 and $5,846 was outstanding and recorded as “Notes payable to banks” in the Consolidated Balance Sheets, respectively. The interest rates charged on these lines of credit vary in relation to the banks’ costs of funds. The weighted average interest rate on short-term borrowings was 5.16% as of December 30, 2023. The unused and available borrowings under the lines of credit were $36,131 as of December 30, 2023. The lines of credit can be modified at any time at the option of the banks.