SMTC Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Debt (Details)

Note 4 - Debt (Details)	6 Months Ended
Note 4 - Debt (Details)	Jun. 29, 2014 United States of America, Dollars PNC Facility [Member] Base Rate [Member]	Jun. 29, 2014 United States of America, Dollars Canadian Facility [Member] Base Rate [Member]	Jun. 29, 2014 Canada, Dollars PNC Facility [Member] Base Rate [Member]	Jun. 29, 2014 Revolving Credit Facility [Member] PNC Bank [Member] USD ($)	Jun. 29, 2014 Revolving Credit Facility [Member] PNC Bank [Member] CAD	Apr. 07, 2014 Revolving Credit Facility [Member] PNC Bank [Member] USD ($)	Apr. 06, 2014 Revolving Credit Facility [Member] PNC Bank [Member] USD ($)	Dec. 29, 2013 Revolving Credit Facility [Member] PNC Bank [Member] USD ($)	Dec. 29, 2013 Revolving Credit Facility [Member] PNC Bank [Member] CAD
Note 4 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.75%	1.75%	1.75%
Long-term Line of Credit				$ 21,750,000	1,278,000			$ 20,222,000	618,000
Line of Credit Facility, Maximum Borrowing Capacity						$ 40,000,000	$ 45,000,000

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details