Debt

9 Months Ended

Mar. 27, 2020

Debt Disclosure [Abstract]

Debt

Debt

REVOLVING CREDIT FACILITY

On September 28, 2018, the Company amended the Revolver to increase and extend the borrowing capacity to a $750,000, 5-year revolving credit line, with the maturity extended to September 28, 2023. As of March 27, 2020, the Company's outstanding balance of unamortized deferred financing costs was $4,705, which is being amortized to Other income (expense), net on a straight line basis over the term of the Revolver. During the third quarter ended March 27, 2020, the Company drew $200,000 to provide access to capital and flexibility in managing its operations during this time of uncertainty due to COVID.

As of March 27, 2020, the Company was in compliance with all covenants and conditions under the Revolver and there were outstanding borrowings of $200,000 against the Revolver, resulting in interest expense of $58 for both the third quarter and nine months ended March 27, 2020. There were outstanding letters of credit of $904 as of March 27, 2020.