Annual report pursuant to Section 13 and 15(d)

Long-Term Borrowings (Tables)

v2.4.0.6
Long-Term Borrowings (Tables)
 12 Months Ended
Dec. 31, 2011
Line of Credit and Short Term Borrowings [Abstract]  
Long-term debt
                 
    2011     2010  

Note payable to bank, due in monthly installments of $531.4 (includes principal and interest), fixed rate interest at 3.54%, secured by property, balloon payment of $12,635 due December 2015

   $     34,259     $ 39,325  

Note payable to bank, due in monthly installments of $483.9 (includes principal and interest), fixed rate interest at 3.19%, secured by property, balloon payment of $11,670 due June 2016

     34,005       0  

Note payable to bank, due in monthly installments of $57.6 (includes principal and interest), fixed rate interest at 7.89%, secured by property, balloon payment of $6,889 paid in January 2011

     0       6,900  

Loan from HF Logistics I, LLC

     18,297       17,358  

Capital lease obligations

     29       51  
   

 

 

    

 

 

  

Subtotal

     86,590       63,634  

Less current installments

     10,059       11,984  
   

 

 

    

 

 

  

Total long-term debt

   $ 76,531     $     51,650  
   

 

 

    

 

 

  
Aggregate maturities of long-term borrowings
             

2012

   $ 10,059      

2013

     19,522    

2014

     19,911    

2015

     23,212    

2016

     13,886    
   

 

 

    
    $     86,590