Borrowings (Tables)

3 Months Ended

Sep. 28, 2018

Total Borrowings, Including Revolving and Long-Term Borrowings

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

Rate (1)	Conditions		Maturity		As of September 28, 2018			As of June 29, 2018
Short-term borrowings:
Current portion of long-term borrowing					$	3,250		$	3,250
Long-term borrowings:
Term loan borrowing:
LIBOR +1.50% per annum		Repayable in quarterly installments		June 2023	$	63,375		$	64,188
						63,375			64,188
Less: Current portion						(3,250	)		(3,250	)
Non-current portion of long-term borrowings					$	60,125		$	60,938

⁽¹⁾  LIBOR is London Interbank Offered Rate.

Movements of Long-Term Loans

The movements of long-term borrowings for the three months ended September 28, 2018 and September 29, 2017 were as follows:

	Three Months Ended
(amount in thousands)	September 28, 2018			September 29, 2017
Opening balance	$	64,188		$	36,400
Repayments during the period		(813	)		(3,400	)
Closing balance	$	63,375		$	33,000

Future Maturities of Long-Term Debt

As of September 28, 2018, future maturities of long-term borrowings during each fiscal year were as follows:

(amount in thousands)
2019 (remaining nine months)	$	2,438
2020		3,250
2021		3,250
2022		3,250
2023		51,187
Total	$	63,375

Undrawn Available Credit Facilities Classified by Available Period of Future Borrowing

Undrawn available credit facilities classified by availability period of future borrowing as of September 28, 2018 and June 29, 2018 were as follows:

(amount in thousands)	September 28, 2018		June 29, 2018
Expiring within one year	$	—	$	—
Expiring beyond one year	$	25,000	$	25,000