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Long-Term Debt
3 Months Ended
Mar. 30, 2013
Debt Disclosure [Abstract]  
Long-Term Debt
LONG-TERM DEBT
Long-term debt outstanding as of March 30, 2013, and December 29, 2012, consisted of the following:
(in thousands)
 
March 30, 2013
 
December 29, 2012
Revolving credit facilities
 
$
116,062

 
$
101,127

Other long-term debt
 
425,010

 
433,922

Total debt
 
541,072

 
535,049

Less current portion of long-term debt
 
(20,161
)
 
(20,462
)
Total long-term debt
 
$
520,911

 
$
514,587


Our primary credit agreement allows us to make revolving credit borrowings of up to $265 million through December 2015. As of March 30, 2013, and December 29, 2012, we had available $150 million and $165 million, respectively, of unused credit on this credit facility. The credit agreement requires us to comply with certain defined covenants. We are currently in compliance with all covenants.
Including the effect of interest rate swap agreements, the weighted average interest rate was 2.67% and 3.87% for the quarters ended March 30, 2013, and March 31, 2012, respectively. See Note 12 for further information on our interest rate swap agreements.
The fair value of outstanding debt, including current maturities, was approximately $550 million and $544 million for March 30, 2013, and December 29, 2012, respectively. The Level 2 fair value estimates were based on similar debt with comparable maturities, credit ratings and interest rates.