Long-Term Debt



(In thousands)	2014		2013
Note payable to bank, revolving credit facility with interest at a variable rate (2014 - 1.8%)	$	47,700	$	—
Senior notes due in 2016 with interest at a fixed rate of 5.54% per annum.	150,000		150,000
Other notes and amounts	91		455
Total debt	197,791		150,455
Less: current portion	55		364
Long-term debt	$	197,736	$	150,091



Aggregate maturities of long-term debt are as follows:
(In thousands)
2015	$	55
2016	197,736
2017	—
2018	—
2019	—
Thereafter	$	—

On September 28, 2011, the Corporation, certain subsidiaries of the Corporation, certain lenders and Wells Fargo Bank, National Association, as administrative agent, entered into an Amended and Restated Credit Agreement (the "Credit Agreement"). The Credit Agreement amended and restated the Corporation's existing revolving credit facility dated June 11, 2010.

The Corporation increased its borrowing capacity under the Credit Agreement from $150 million to $250 million and has the option to increase its borrowing capacity by an additional $100 million. The Corporation also extended the term of the Existing

Facility under the Credit Agreement from June 11, 2014, to the earlier of (i) September 28, 2016 or (ii) the date 90 days prior to the maturity date of the Corporation's senior notes (April 6, 2016), subject to certain exceptions.

The Corporation effectively decreased (i) interest payable under the Credit Agreement by reducing the percentage spread applicable

to both alternate base rate and traditional LIBOR revolving loans and (ii) the quarterly commitment fee payable by decreasing the

rate range depending on the Corporation's consolidated leverage ratio.

Amounts borrowed under the Credit Agreement may be borrowed, repaid and reborrowed from time to time. The Corporation paid approximately $1.2 million of debt issuance costs that are being amortized straight-line over the term of the Credit Agreement. As of January 3, 2015, $47.7 million was outstanding under the revolving credit facility, all of which was classified as long term as the Corporation does not expect to repay the borrowings within a year.

On April 6, 2006, the Corporation refinanced $150 million of borrowings outstanding under a revolving credit facility with 5.54% percent ten-year unsecured Senior Notes due in 2016 issued through the private placement debt market. Interest payments are due semi-annually on April 1 and October 1 of each year and the principal is due in a lump sum in 2016.

Certain of the above borrowing arrangements include covenants which limit the assumption of additional debt and lease obligations. The Corporation has been, and currently is, in compliance with the covenants related to these debt agreements. The fair value of the Corporation’s outstanding variable rate long-term debt obligations at year-end 2014 approximates the carrying value. The fair value of the Corporation’s outstanding fixed rate long-term debt obligations is estimated based on discounted cash flow method (Level 2) to be $154 million at January 3, 2015, slightly above the carrying value of $150 million.