Debt

3 Months Ended

Apr. 03, 2022

The components of debt outstanding are as follows:


	April 3, 2022		January 2, 2022
Revolver	$	35,615	$	26,223
Financing (by VIE)	37,593		37,850
Unamortized debt issuance costs (1)	(4,451)		(4,624)
Total long-term debt, including current maturities	68,757		59,449
Less: Current portion of long-term debt	(1,030)		(1,021)
Long-term debt, excluding current portion and unamortized debt issuance costs	$	67,727	$	58,428

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(1)Unamortized debt issuance costs as of April 3, 2022 included $1,379 for the Revolver (as defined below) and $3,072 for the Financing (as defined below). Unamortized debt issuance costs as of January 2, 2022 included $1,471 for the Revolver and $3,153 for the Financing (by VIE).

Revolver

The outstanding balance of our amended and restated revolving credit agreement with Wells Fargo Bank, National Association (the “Revolver”) was $35,615 as of April 3, 2022 at an interest rate of 2.9%. Our remaining availability under the Revolver was $29,101 as of April 3, 2022. However, we must maintain availability under the Revolver of at least $15,000 in order to not have to comply with the leverage ratio and fixed charge coverage ratio financial covenants contained in the Revolver with respect to the fiscal quarters ending on or prior to July 2, 2023. As of April 3, 2022, our unused remaining availability was $29,101 and we were in compliance with applicable financial covenants of the Revolver and expect to be in compliance with applicable financial covenants over the next twelve months.

Maturities

As of April 3, 2022, the Revolver is due in December 2025. The Financing is repayable in equal monthly installments of $194 over 10 years, with the balance payable at the maturity date of October 6, 2030. Future principal payments of our Revolver and consolidated VIE’s Financing, excluding unamortized debt issuance costs, are as follows:


Remainder of 2022	$	767
2023	1,060
2024	1,094
2025	36,749
2026	1,177
Thereafter	32,361
Total	$	73,208