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

Quarterly report pursuant to Section 13 or 15(d)

Short-term and Long-term Borrowings (Tables)

Short-term and Long-term Borrowings (Tables)

3 Months Ended

Mar. 31, 2020

Long-term borrowings at March 31, 2020 and December 31, 2019 are as follows (in thousands):

	2020		2019
Unsecured revolving credit facility, variable-rate interest at 1.875% per annum, due November 2024	$	490,000	$	—
Note payable to banks, interest only, variable-rate interest at 2.55% per annum, secured by property, balloon payment of $129,505 due March 2025		129,505		63,692
Note payable to Luen Thai Enterprise, Ltd., balloon payment of $287 due January 2021		287		393
Loan payable to a bank, variable-rate interest at 6.00% per annum, due September 2023		49,284		48,791
Loan payable to a bank, variable-rate interest at 3.20% per annum, due October 2023		17,002		2,541
Subtotal		686,078		115,417
Less: Current installments		(16,926)		(66,234	)
Total long-term borrowings	$	669,152	$	49,183

- 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