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

Annual report pursuant to Section 13 and 15(d)

Long-Term Borrowings (Tables)

Long-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2018

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

	2018		2017
Note payable to banks, due in monthly installments of $364 (includes principal and interest), variable-rate interest at 4.52% per annum, secured by property, balloon payment of $62,843 due August 2020	$	65,148	$	66,604
Note payable to Luen Thai Enterprise, Ltd., balloon payment of $5,800 due January 2021		5,800		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		210		555
Loan payable to a bank, variable-rate interest at 4.28% per annum, due September 2023		18,626		—
Subtotal		89,785		72,904
Less current installments		1,666		1,801
Total long-term borrowings	$	88,119	$	71,103

Aggregate Maturities of Long-Term Borrowings

The aggregate maturities of long-term borrowings at December 31, 2018 are as follows (in thousands):

2019	$	1,666
2020		63,693
2021		20,941
2022		3,485
2023		—
	$	89,785

- 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