Note 8 - Revolving Credit Facility

9 Months Ended

Jun. 27, 2015

Notes to Financial Statements

Debt Disclosure [Text Block]

8

.

R

E

VOLVIN

G

C

R

EDIT

FACILITY

In May 2015, we renewed our revolving credit facility from a bank.  As part of the renewal, we extended the line for three years until April 30, 2018. The maximum principal amount we can borrow at any one time was reduced to $5.0 million. There is no longer an unused commitment fee charged for the credit facility. The previously included covenant that restricted dividend payments to 50% of net income was eliminated.