Debt, Capital Lease Obligations and Other Financing

Debt and capital lease obligations as of October 1, 2016 and October 3, 2015, consisted of the following (in thousands):



	2016			2015
Borrowings under the credit facility	$	75,000		$	75,000
5.20% Senior notes, due June 15, 2018	175,000			175,000
Capital lease, non-cash financing of leased facility and other obligations	13,614			12,770
Unamortized deferred financing fees	(1,105		)	(964		)
Total obligations	262,509			261,806
Less: current portion	(78,507		)	(3,513		)
Long-term debt and capital lease obligations, net of current portion	$	184,002		$	258,293

The Company's weighted average interest rate on capital lease obligations was 5.58% and 7.59% as of October 1, 2016 and October 3, 2015, respectively.

The aggregate scheduled maturities of the Company’s debt obligations as of October 1, 2016, are as follows (in thousands):



2017	$	75,000
2018	175,000
2019	—
2020	—
2021	—
Thereafter	—
Total	$	250,000

The aggregate scheduled maturities of the Company’s obligations under capital leases and other short-term borrowings (excluding capital lease payments related to the Guadalajara plant disclosed in Note 3, "Property, Plant and Equipment") as of October 1, 2016, are as follows (in thousands):



2017	$	3,507
2018	927
2019	482
2020	183
2021	143
Thereafter	—
Total	$	5,242

The Company has a senior unsecured revolving credit facility (the “Credit Facility”), which was amended on July 5, 2016, to, among other changes, extend its expiration from May 15, 2019, to July 5, 2021, and increase the maximum commitment from $265.0 million to $300.0 million. The Credit Facility, as amended, may be further increased to $500.0 million, generally by mutual agreement of the Company and the lenders, subject to certain customary conditions. During fiscal 2016, the highest daily borrowing was $232.0 million, the average daily borrowings were $188.6 million, and the Company borrowed and repaid $625.0 million of revolving borrowings under the Credit Facility.

The financial covenants (as defined under the related Credit Agreement) require that the Company maintain, as of each fiscal quarter end, a maximum total leverage ratio and a minimum interest coverage ratio. As of October 1, 2016, the Company was in compliance with all financial covenants of the Credit Agreement. Borrowings under the Credit Facility bear interest, at the Company’s option, at a eurocurrency or base rate plus, in each case, an applicable interest rate margin based on the Company’s then-current leverage ratio (as defined in the Credit Agreement). As of October 1, 2016, the borrowing rate under the Credit Agreement was LIBOR plus 1.125% (or 1.648%). As of October 1, 2016, the $75.0 million of outstanding debt under the Credit Facility is effectively at a fixed interest rate as a result of a $75.0 million notional amount of interest rate swap contracts discussed in Note 5, "Derivatives and Fair Value Measurements." The Company is required to pay an annual commitment fee on the unused revolver credit commitment based on the Company's leverage ratio; the fee was 0.175% as of October 1, 2016.

The Company also has outstanding 5.20% Senior Notes, due on June 15, 2018 (the “Notes”). As of October 1, 2016 and October 3, 2015, $175.0 million was outstanding, and the Company was in compliance with all financial covenants relating to the Notes, which are generally consistent with those in the Credit Agreement discussed above.