Debt

The Company's outstanding debt consists of the following as of the end of the fiscal periods (in thousands):



	2015			2014
Revolving line of credit	$	—		$	—
Capital leases	5,565			5,994
Other debt	348			456
Total debt	5,913			6,450
Less: current portion	(589		)	(537		)
Total long-term debt	$	5,324		$	5,913

Revolving Credit Agreement – On August 12, 2015, the Company entered into a five-year senior secured revolving credit agreement (the "Credit Agreement") that amended and restated the Company's then existing credit facility. The Credit Agreement provides for a $1 billion revolving credit facility, including up to $150 million in the form of letters of credit and allows the Company, subject to the satisfaction of certain conditions, to request an increase of up to $250 million in borrowing availability to the extent that existing or new lenders agree to provide such additional revolving commitments.

Subject to specified conditions, the Credit Agreement matures on August 12, 2020. It is secured by a first priority security interest in certain property and assets, including receivables, inventory, deposit accounts, securities accounts and other personal property of the Company and is guaranteed by the Company's domestic subsidiaries.

The annual interest rates applicable to loans under the Credit Agreement are, at the Company's option, equal to a base rate or an adjusted LIBOR rate plus, in each case, an applicable margin percentage. The applicable margin percentage for base rate loans is 0.125% to 0.375% and for adjusted LIBOR rate loans is 1.125% to 1.375%, depending on the borrowing availability of the Company.

The Credit Agreement contains certain covenants that limit the ability of the Company to, among other things: incur or guarantee additional indebtedness; pay distributions on, redeem or repurchase capital stock or redeem or repurchase subordinated debt; make certain investments; sell assets; and consolidate, merge or transfer all or substantially all of the Company's assets. In addition, the Credit Agreement contains a covenant that requires the Company to maintain a minimum adjusted availability of 7.5% of its borrowing base. As of January 30, 2016, the Company was in compliance with the terms of the Credit Agreement.

Credit Agreement information as of the fiscal periods ended (in thousands):



	2015		2014
Outstanding borrowings under Credit Agreement	$	—	$	—
Remaining borrowing capacity under Credit Agreement	$	985,969	$	485,969
Outstanding letters of credit under Credit Agreement	$	14,031	$	14,031

Capital Lease Obligations – The gross and net carrying values of assets under capital leases were $6.9 million and $0.4 million, respectively, as of January 30, 2016, and $7.3 million and $0.8 million, respectively, as of January 31, 2015.

Scheduled lease payments under capital lease obligations as of January 30, 2016 are as follows (in thousands):



Fiscal Year
2016	$	1,024
2017	1,024
2018	1,044
2019	1,103
2020	1,103
Thereafter	2,885
Subtotal	8,183
Less: amounts representing interest	(2,618		)
Present value of net scheduled lease payments	5,565
Less: amounts due in one year	(474		)
Total long-term capital leases	$	5,091