
(Dollars in millions)	September 30, 2011		October 1, 2010
Unsecured term loan, 6.70% due in installments of $6.25 payable in fiscal years 2012 and 2014	$	12.5	$	12.5
Unsecured term loan, 6.76% due in installments of $5.25 was fully paid in fiscal year 2011		—		5.3
Loan assumed through purchase of land and building, 7.58% was fully paid in fiscal year 2011		—		1.9
Loan assumed through purchase of land and building, 7.34% payable in fiscal year 2012(1)		3.6		3.7

		16.1		23.4
Less: current maturities of long-term debt		9.9		5.5

Long-term debt	$	6.2	$	17.9

(1)	As of September 30, 2011, land and buildings with a carrying amount of $7.8 million were pledged as collateral against these loans.

The term loan agreements contain a covenant that requires the Company to pay prepayment penalties if the Company elects to pay off this debt before the maturity dates and the market interest rate is lower than the fixed interest rates of the debt at the time of repayment. They also contain covenants that limit future borrowings and cash dividend payments and require the Company to maintain specified levels of working capital and operating results. For all fiscal years presented within these consolidated financial statements, the Company was in compliance with all restrictive covenants of the unsecured term loan agreements.

Interest paid on long-term debt was $1.5 million for fiscal year 2011, $2.1 million for fiscal year 2010 and $2.6 million for fiscal year 2009. At September 30, 2011, aggregate debt maturities for fiscal years 2012, 2013 and 2014 were as follows (in millions): $9.9, $0.0 and $6.2, respectively. All debt is due in full by fiscal year 2014.

The fair value of the Company's long-term debt was estimated to be $17.2 million at September 30, 2011 and $25.4 million at October 1, 2010. The estimated fair value of long-term debt was based on the then-current rates available to the Company for debt of similar terms and remaining maturities and also took into consideration default and credit risk. The Company determined the estimated fair value amount by using available market information and commonly accepted valuation methodologies. However, considerable judgment is required in interpreting market data to develop estimates of fair value. Accordingly, the fair value estimate presented herein is not necessarily indicative of the amount that the Company or holders of the instruments could realize in a current market exchange. The use of different assumptions and/or estimation methodologies may have a material effect on the estimated fair value.