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

Annual report pursuant to Section 13 and 15(d)

Short and Long-term Borrowings (Tables)

Short and Long-term Borrowings (Tables)

12 Months Ended

Dec. 31, 2019

Long-term borrowings at December 31, 2019 and 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 5.24% per annum, secured by property, balloon payment of $62,843 due August 2020	$	63,692	$	65,148
Note payable to Luen Thai Enterprise, Ltd., balloon payment of $393 due January 2021		393		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, paid in July 2019		—		210
Loan payable to a bank, variable-rate interest at 4.275% per annum, due September 2023		48,791		18,626
Loan payable to a bank, variable-rate interest at 3.915% per annum, due October 2020		2,541		—
Subtotal		115,417		89,785
Less: current installments		66,234		1,666
Total long-term borrowings	$	49,183	$	88,119

Aggregate Maturities of Long-Term Borrowings

The aggregate maturities of long-term borrowings at December 31, 2019 are as follows (in thousands):

2020	$	63,692
2021		3,290
2022		36,848
2023		11,587
2024		—
	$	115,417

- 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