Annual report pursuant to Section 13 and 15(d)

Long-Term Borrowings (Tables)

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Long-Term Borrowings (Tables)
 12 Months Ended
Dec. 31, 2012
Long-Term Debt

Long-term debt at December 31, 2012 and 2011 is as follows (in thousands):

 

     2012      2011  

Note payable to bank, due in monthly installments of $357.0 (includes principal and interest), variable rate interest at 3.96%, secured by property, balloon payment of $76,976 due November 2015

    $ 79,916       $ 0   

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

      29,010         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

      29,213         34,005   

Loan from HF Logistics I, LLC

      0         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

      2,036         0   

Capital lease obligations

      10         29   
  

 

 

     

 

 

  

Subtotal

      140,185         86,590   

Less current installments

      11,668         10,059   
  

 

 

     

 

 

  

Total long-term debt

    $ 128,517       $ 76,531   
  

 

 

     

 

 

  
Aggregate Maturities of Long-Term Borrowings

The aggregate maturities of long-term borrowings at December 31, 2012 are as follows:

 

2013

    $ 11,668      

2014

      12,028      

2015

      101,407      

2016

      14,198      

2017

      328      

Thereafter

      556      
  

 

 

     
   $     140,185