| Long-Term Debt |
Long-term debt
is as follows (in thousands):
|
|
|
|
|
|
|
|
|
| |
|
September 30,
2012
|
|
|
December 31,
2011
|
|
|
Note payable to bank, due
in monthly installments of $531.4 (includes principal and
interest), fixed rate interest at 3.54%, secured by property,
balloon payment of $12,635 due December 2015
|
|
$ |
30,231 |
|
|
$ |
34,259 |
|
|
Note payable to bank, due
in monthly installments of $483.9 (includes principal and
interest), fixed rate interest at 3.19%, secured by property,
balloon payment of $11,670 due June 2016
|
|
|
30,315 |
|
|
|
34,005 |
|
|
Loan from HF Logistics I,
LLC
|
|
|
18,146 |
|
|
|
18,297 |
|
|
Note payable to TCF
Equipment Finance, Inc., due in monthly installments of $30.5,
(includes principal and interest) fixed rate interest at 5.24%,
Maturity Date of July 2019
|
|
|
1,838 |
|
|
|
0 |
|
|
Capital lease
obligations
|
|
|
14 |
|
|
|
29 |
|
|
|
|
|
|
|
|
|
|
|
Subtotal
|
|
|
80,544 |
|
|
|
86,590 |
|
|
Less current
installments
|
|
|
10,311 |
|
|
|
10,059 |
|
|
|
|
|
|
|
|
|
|
|
Total long-term
debt
|
|
$ |
70,233 |
|
|
$ |
76,531 |
|
|
|
|
|
|
|
|
|
|
|