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Credit facility
3 Months Ended
Apr. 02, 2013
Credit facility  
Credit facility

2.              Credit facility

 

The Company has a $22.0 million credit facility with Fifth Third Bank (the “Bank”), collateralized by liens on the Company’s subsidiaries, personal property, fixtures and real estate owned or to be acquired.  The Company had a balance outstanding on term loans of $7.6 million at April 2, 2013.  On that date, the Company had $8.0 million outstanding, and $4.0 million available, on its line of credit with the Bank.