LONG-TERM DEBT (Tables)

9 Months Ended

Dec. 27, 2015

A summary of long-term debt is as follows (in thousands):




	December 27,		March 29,
	2015		2015
Credit facility, gross	$	266,750	$	268,813
Less unamortized discount		(9,171)		(11,727)
Credit facility, net		257,579		257,086
Less current maturities		(2,750)		(2,750)
Long-term debt, net of current maturities	$	254,829	$	254,336

Summary of interest expense

A summary of interest expense is as follows (in thousands):



	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	December 27,		December 28,		December 27,		December 28,
	2015		2014		2015		2014

Interest on senior credit facility	$	3,610	$	3,748	$	11,108	$	11,231
Amortization of original issue discount		854		844		2,556		2,523
Amortization of deferred financing fees		436		438		1,309		1,314
Other interest (income) expense, net		50		18		109		62
Capitalized interest		(10)		(241)		(541)		(712)
Total	$	4,940	$	4,807	$	14,541	$	14,418

Effective interest rate on senior credit facility		7.6%		7.8%		7.8%		7.8%

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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-Publisher FASB
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+ Details

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