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BANK CREDIT ARRANGEMENTS
12 Months Ended
Dec. 28, 2024
BANK CREDIT ARRANGEMENTS  
BANK CREDIT ARRANGEMENTS

(8) BANK CREDIT ARRANGEMENTS

The Company maintains various lines of credit for short-term borrowings, with a total available balance of $30,895 as of December 28, 2024. As of December 28, 2024 and December 30, 2023, $1,669 and $3,205 were outstanding, respectively, and recorded as “Notes payable to banks” in the Consolidated Balance Sheets. The interest rates on these lines of credit vary based on the banks’ cost of funds. The weighted average interest rate on short-term borrowings was 8.14% as of December 28, 2024. The unused and available borrowings under these lines of credit totaled $29,945 as of December 28, 2024. The banks may modify the terms of these lines of credit, with the Company’s approval.