6. Long-Term Debt
On April 22, 1996, the Company assumed from a discontinued finance subsidiary $80,000,000 in notes payable to The Prudential Insurance Company of America. The debt is subject to certain financial covenants as defined in the loan agreement. One $25,000,000 note matured and was paid off on schedule in August 1996. The other two notes have floating interest rates and mature in November 2001 and June 2005. The floating rates are based on the three-month LIBOR rate. On November 5, 1999, the Company issued a new $25,000,000 note payable to Prudential with a fixed interest rate of 7.14 percent and a maturity date of November 2003. Interest expense on these notes totaled $4.5 million for fiscal 2000, $3.5 million in fiscal 1999 and $3.6 million in fiscal 1998.

Maturity	Amounts (In thousands)	Current Interest Rate
Due in 2001	$30,000	6.67%
Due in 2003	25,000	7.14
Due in 2005	25,000	6.65
	$80,000