Borrowings (Tables)

9 Months Ended

Mar. 30, 2018

Total Borrowings, Including Short-Term and Long-Term Borrowings

The Company’s total borrowings, including short-term and long-term borrowings, consisted of the following:

(amount in thousands)
Rate	Conditions	Maturity			As of March 30, 2018			As of June 30, 2017
Short-term borrowings:
Revolving borrowing:
LIBOR(1) + 1.75% per annum	Repayable in 1 to 6 months		April 2018	(2)	$	39,000		$	34,000
Short-term loans from bank:
Bank Base rate +1.85% per annum	Repayable based on credit terms of secured accounts receivable					—			1,003
Current portion of long-term borrowing						13,600			13,600
						52,600			48,603
Less: Unamortized debt issuance costs						(136	)		(201	)
					$	52,464		$	48,402
Long-term borrowings:
Term loan borrowing:
LIBOR +1.75% per annum	Repayable in quarterly installments		May 2019		$	26,200		$	36,400
Less: Current portion						(13,600	)		(13,600	)
Unamortized debt issuance costs						(5	)		(99	)
Non-current portion					$	12,595		$	22,701

⁽¹⁾  LIBOR is London Interbank Offered Rate.

⁽²⁾ In March 2018, the maturity date was extended to April 2018.

Movements of Long-Term Loans

The movements of long-term loans for the nine months ended March 30, 2018 and March 31, 2017 were as follows:

	Nine Months Ended
(amount in thousands)	March 30, 2018			March 31, 2017
Opening balance	$	36,400		$	54,500
Repayments during the period		(10,200	)		(14,700	)
Closing balance	$	26,200		$	39,800

Future Maturities of Long-Term Debt

As of March 30, 2018, future maturities of long-term debt during each fiscal year were as follows:

(amount in thousands)
2018 (remaining three months)	$	3,400
2019		22,800
Total	$	26,200

Undrawn Available Credit Facilities Classified by Availability Period of Future Borrowing

Undrawn available credit facilities classified by availability period of future borrowing as of March 30, 2018 and June 30, 2017 were as follows:

(amount in thousands)	March 30, 2018		June 30, 2017
Short-term	$	—	$	1,965
Long-term	$	111,000	$	116,000