LONG-TERM DEBT AND CREDIT ARRANGEMENTS

Long-term debt consists of the following:



	July 2, 2011			December 25, 2010
Senior indebtedness:
Credit line borrowings	$	43,012		$	30,503
Term loan	10,445			11,324
Equipment financing	2,827			4,142
Capital lease obligations	606			810
Mortgage note payable	5,560			5,736
Notes payable	164			538
Total senior indebtedness	62,614			53,053
Convertible subordinated debentures	9,662			12,162
Total long-term debt	72,276			65,215
Less: current portion of convertible subordinated debentures	(9,662		)	(2,500		)
Less: current portion of senior indebtedness	(3,458		)	(4,367		)
Less: current portion of capital lease obligations	(150		)	(278		)
Total long-term debt, less current portion	$	59,006		$	58,070

On June 6, 2011, the Company amended its senior loan and security agreement to increase the revolver commitments under the loan agreement from $55,000 to $65,000. The increase in the revolver commitments was in response to the Company's increasing business activity. No other terms of the loan agreement have been changed.

The Company's amended and restated senior loan and security agreement, which matures on May 11, 2013, provides $75,445 of credit, consisting of $65,000 of revolving credit and a $10,445 term loan. These credit facilities do not contain ongoing financial covenant tests. The level of accounts receivable and inventory limit the borrowing availability under the revolving credit facility.

The Company's amended and restated senior loan and security agreement, which matures on May 11, 2013, will accelerate if the Company fails, by January 15, 2012, to either (a) repay the Company's 7% convertible subordinated debentures or (b) refinance the debentures as contemplated by the Company's senior loan and security agreement and establish a reserve equal to such debentures' then outstanding principal balance plus accrued interest. Although the Company believes cash availability will be sufficient to satisfy the above obligation through either internally generated cash flow or refinancing, there can be no assurance that the Company will be able to repay the debentures, attain such refinancing, or have adequate reserves as required by the loan agreement. The unused borrowing capacity under the senior loan and security agreement on July 2, 2011 was $11,313.