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)

9 Months Ended

Sep. 30, 2020

Long-term borrowings at September 30, 2020 and December 31, 2019 are as follows (in thousands):

	2020			2019
Unsecured revolving credit facility, variable-rate interest at 1.30% per annum, due November 2024	$	487,500		$	—
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
Loan payable to a bank, variable-rate interest at 2.26% per annum, due April 2025		9,102			—
Note payable to Luen Thai Enterprise, Ltd.		—			393
Loan payable to a bank, variable-rate interest at 4.15% per annum, due September 2023		65,440			48,791
Loans payable to banks, variable-rate interests at a range of 1.84% to 3.87% per annum, due June 2024		78,563			2,541
Loan payable to a bank, variable-rate interest at 4.28% per annum, due May 2025		19,038			—
Loan payable to a bank, variable-rate interest at 1.86% per annum, due June 2025		1,165			—
Subtotal		790,313			115,417
Less: Current installments		(106,702	)		(66,234	)
Total long-term borrowings	$	683,611		$	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