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Debt
6 Months Ended
Aug. 27, 2016
Debt Disclosure [Abstract]  
Debt
Debt

Debt at August 27, 2016 consisted of $20.4 million of industrial revenue bonds that mature in fiscal years 2021 through 2043. The fair value of the industrial revenue bonds approximates carrying value at August 27, 2016, due to the variable interest rates on these instruments. The bonds would be classified as Level 2 within the fair value hierarchy described in Note 7.

We maintain a $125.0 million committed revolving credit facility that expires in December 2019. No borrowings were outstanding under the facility as of August 27, 2016 or February 27, 2016. As defined within our committed revolving credit facility, we are required to comply with two financial covenants. These financial covenants require us to stay below a maximum debt-to-EBITDA ratio and maintain a minimum net worth. At August 27, 2016, we were in compliance with both financial covenants.

We also maintain a $4.0 million Canadian dollar revolving demand facility available to our Canadian operation. No borrowings were outstanding under this facility as of August 27, 2016 or February 27, 2016. Borrowings under the facility are made available at the sole discretion of the lender and are payable on demand, with interest at rates specified in the credit agreement.

Interest payments were $0.3 million for each of the six months ended August 27, 2016 and August 29, 2015.