Note 6.

Debt

The components of debt were as follows ($000):

June 30,	2015			2014
Line of credit, interest at LIBOR, as defined, plus 1.5% and 1.75%, respectively	$	108,500		$	154,000
Term loan, interest at LIBOR, as defined, plus 1.25%		65,000			85,000
Yen denominated line of credit, interest at LIBOR, as defined, plus 0.625%		2,457			2,960
Total debt		175,957			241,960
Current portion of long-term debt		(20,000	)		(20,000	)
Long-term debt, less current portion	$	155,957		$	221,960

The Company’s First Amended and Restated Credit Agreement (the “Credit Facility”) provides for a revolving credit facility of $225 million, as well as a $100 million Term Loan. The Term Loan is being repaid in consecutive quarterly principal payments on the first business day of each January, April, July and October, with the first payment having commenced on October 1, 2013, as follows: (i) twenty consecutive quarterly installments of $5 million and (ii) a final installment of all remaining principal due and payable on the maturity date. The Credit Facility is unsecured, but is guaranteed by each existing and subsequently acquired or organized wholly-owned domestic subsidiaries of the Company. The Company has the option to request an increase to the size of the Amended Credit Facility in an aggregate additional amount not to exceed $100 million. The Credit Facility has a five-year term through September 2018 and has an interest rate of LIBOR, as defined in the agreement, plus 0.75% to 1.75% based on the Company’s ratio of consolidated indebtedness to consolidated EBITDA. Additionally, the facility is subject to certain covenants, including those relating to minimum interest coverage and maximum leverage ratios. As of June 30, 2015, the Company was in compliance with all financial covenants under its Credit Facility.

The Company’s Yen denominated line of credit is a 500 million Yen ($4.1 million) facility that has a five-year term through June 2016 and has an interest rate equal to LIBOR, as defined in the loan agreement, plus 0.625% to 1.50%. Additionally, the facility is subject to certain covenants, including those relating to minimum interest coverage and maximum leverage ratios. As of June 30, 2015, the Company was in compliance with all covenants under the Yen facility. On August 21, 2015, the Company received and accepted a commitment from its lender to extend the maturity date of the Yen facility to August 2020 on substantially the same terms of the current facility. The lender’s commitment to provide the extension is subject to the satisfaction of certain customary conditions

The Company had aggregate availability of $116.6 million and $71.0 million under its lines of credit as of June 30, 2015 and 2014, respectively. The amounts available under the Company’s lines of credit are reduced by outstanding letters of credit. As of June 30, 2015 and 2014, total outstanding letters of credit supported by the credit facilities were $1.5 million.

The weighted-average interest rate of total borrowings for each of the years ended June 30, 2015 and 2014 was 1.8%. The weighted-average of total borrowings for the fiscal years ended June 30, 2015 and 2014 was $210.0 million and $222.6 million, respectively.

The Company has a line of credit facility with a Singapore bank which permits maximum borrowings in the local currency of approximately $0.3 million for the fiscal years ended June 30, 2015 and 2014. Borrowings are payable upon demand with interest charged at the rate of 1.00% above the bank’s prevailing prime lending rate. The interest rate was 5.25% at June 30, 2015 and June 30, 2014. At June 30, 2015 and 2014, there were no outstanding borrowings under this facility.

There are no interim maturities or minimum payment requirements related to the credit facilities before their respective expiration dates. Interest and commitment fees paid during the fiscal year ended June 30, 2015, 2014 and 2013 were $4.0 million and $4.2 million and $1.1 million, respectively.

Remaining annual principal payments under the Company’s existing credit facilities as of June 30, 2015 were as follows ($000):

					U.S.
					Dollar
	Term		Yen Line		Line of
Period	Loan		of Credit		Credit		Total
Year 1	$	20,000	$	-	$	-	$	20,000
Year 2		20,000		-		-		20,000
Year 3		20,000		-		-		20,000
Year 4		5,000		-		108,500		113,500
Year 5		-		-		-		-
Thereafter		-		2,457		-		2,457
Total	$	65,000	$	2,457	$	108,500	$	175,957