12. Revolving Credit Facility
The Company maintains a credit agreement with US Bank, National Association (the “Bank”). The credit
agreement provides for a $25 million revolving line of credit, the proceeds of which may be used for general corporate purposes, including funding working capital, capital expenditures and other needs. The line of credit has a maturity date of
October 31, 2016.
The Company’s obligations under the line of credit are secured by substantially all of the assets
of the Company and interest payable under the revolving credit facility is equal to the amount outstanding under the facility multiplied by the applicable LIBOR rate plus a specified margin. The credit agreement contains customary affirmative and
negative covenants. The credit agreement also includes financial covenants that require the Company to maintain a specified leverage ratio and fixed charge coverage ratio. The Company is liable for 0.25% commitment fee on any unused portion of the
facility. There are no amounts outstanding under the facility as of September 30, 2012 and January 1, 2012.
Unamortized deferred financing fees capitalized on the balance sheet totaled $0.1 million as of September 30, 2012 and
January 1, 2012.