Note 6 - Long-term Debt

6 Months Ended

Jun. 02, 2018

Notes to Financial Statements

Debt Disclosure [Text Block]

Note

6:

Long-Term Debt

On

February 27, 2018

we entered into an interest rate swap agreement to convert

$200,000

of our Term Loan B Credit Agreement (“Term Loan B”) issued on

October 20, 2017

to a fixed interest rate of

4.589

percent.  See Note

13

for further discussion of the issuance of these interest rate swaps.

On

March 9, 2018,

we entered into interest rate swap agreements to convert

$100,000

of our Term Loan B Credit Agreement to a fixed interest rate of

4.490

percent. On

March 26, 2018,

we entered into interest rate swap agreements to convert

$200,000

of our Term Loan B Credit Agreement to a fixed interest rate of

4.176

percent. See Note

13

for further discussion of the issuance of these interest rate swaps.

On

April 23, 2018

we amended our Term Loan B Credit Agreement to reduce the interest rate from LIBOR plus

2.25

percent to LIBOR plus

2.00

percent. Fixed interest rates related to swap agreements disclosed have been updated to reflect the amendment.