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)

6 Months Ended

Jun. 30, 2019

Long-term borrowings at June 30, 2019 and December 31, 2018 are as follows (in thousands):

	2019		2018
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	$	64,420	$	65,148
Note payable to Luen Thai Enterprise, Ltd., balloon payment of $5,800 due January 2021		5,800		5,800
Note payable to TCF Equipment Finance, Inc., due in monthly installments of $30 (includes principal and interest), fixed- rate interest at 5.24% per annum, due July 2019		30		211
Loan payable to a bank, variable-rate interest at 4.28% per annum, due September 2023		33,760		18,626
Subtotal		104,010		89,785
Less: current installments		3,986		1,666
Total long-term borrowings	$	100,024	$	88,119

- 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