Quarterly report pursuant to Section 13 or 15(d)

Line of Credit, Short-Term and Long-Term Borrowings (Tables)

v3.10.0.1
Line of Credit, Short-Term and Long-Term Borrowings (Tables)
 6 Months Ended
Jun. 30, 2018
Debt Disclosure [Abstract]  
Long-Term Borrowings

Long-term borrowings at June 30, 2018 and December 31, 2017 are as follows (in thousands):

 

 

 

2018

 

 

2017

 

Note payable to banks, due in monthly installments of $344

   (includes principal and interest), variable-rate interest at

   4.09% per annum, secured by property, balloon payment of

   $62,843 due August 2020

 

$

65,875

 

 

$

66,604

 

Note payable to Luen Thai Enterprise, Ltd., balloon payment

   of $5,731 due January 2021

 

 

5,731

 

 

 

5,745

 

Note payable to TCF Equipment Finance, Inc., due in monthly

   installments of $31 (includes principal and interest), fixed-

   rate interest at 5.24% per annum, due July 2019

 

 

385

 

 

 

555

 

Subtotal

 

 

71,991

 

 

 

72,904

 

Less current installments

 

 

1,810

 

 

 

1,801

 

Total long-term borrowings

 

$

70,181

 

 

$

71,103