Long-Term Debt



(In thousands)	2015		2014
Note payable to bank, revolving credit facility with interest at a variable rate (2015 - 1.5%; 2014 - 1.8%)	$	40,300	$	47,700
Senior notes due April 2016 with interest at a fixed rate of 5.54% per annum.	150,000		150,000
Other notes and amounts	177		91
Total debt	190,477		197,791
Less: current portion	5,477		55
Long-term debt	$	185,000	$	197,736



Aggregate maturities of long-term debt are as follows:
(In thousands)
2016	$	5,477
2017	35,000
2018	—
2019	—
2020	—
Thereafter	150,000

The carrying value of the Corporation's outstanding variable-rate, long-term debt obligations at January 2, 2016 and January 3, 2015 was $40 million and $48 million, respectively, which approximated fair value. The fair value of the Corporation’s outstanding fixed rate long-term debt obligations was estimated based on discounted cash flow method (Level 2) to be $148 million at January 2, 2016 and $154 million at January 3, 2015 compared to the carrying value of $150 million.

The Corporation increased the borrowing capacity (while preserving the existing $150 million accordian feature) under the revolving credit facility on January 6, 2016 to $400 million and will use the additional borrowings to pay off the Corporation's Senior Notes due April 6, 2016. These Senior Notes were classified as long term as of January 2, 2016 since the Corporation will pay off the Senior Notes upon maturity with revolving credit facility borrowings expected to remain outstanding for more than twelve months.