Skechers U.S.A., Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

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

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

9 Months Ended

Sep. 30, 2018

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

	2018		2017
Note payable to banks, due in monthly installments of $348 (includes principal and interest), variable-rate interest at 4.24% per annum, secured by property, balloon payment of $62,843 due August 2020	$	65,511	$	66,604
Note payable to Luen Thai Enterprise, Ltd., balloon payment of $5,725 due January 2021		5,725		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		298		555
Loan payable to a bank, variable-rate interest only at 4.28% per annum, due September 2023		2,829		—
Subtotal		74,363		72,904
Less current installments		4,581		1,801
Total long-term borrowings	$	69,782	$	71,103

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details