| Long-Term Debt |
Long-term debt
is as follows (in thousands):
|
|
|
|
|
|
|
|
|
| |
|
March 31,
2013
|
|
|
December 31,
2012
|
|
|
Note payable to banks, due
in monthly installments of $355.0 (includes principal and
interest), variable rate interest at 3.95%, secured by property,
balloon payment of $76,976 due November 2015
|
|
$ |
79,664 |
|
|
$ |
79,916 |
|
|
Note payable to banks, 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
|
|
|
27,669 |
|
|
|
29,010 |
|
|
Note payable to banks, 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
|
|
|
27,991 |
|
|
|
29,213 |
|
|
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
|
|
|
1,970 |
|
|
|
2,036 |
|
|
Capital lease
obligations
|
|
|
5 |
|
|
|
10 |
|
|
|
|
|
|
|
|
|
|
|
Subtotal
|
|
|
137,299 |
|
|
|
140,185 |
|
|
Less current
installments
|
|
|
11,754 |
|
|
|
11,668 |
|
|
|
|
|
|
|
|
|
|
|
Total long-term
debt
|
|
$ |
125,545 |
|
|
$ |
128,517 |
|
|
|
|
|
|
|
|
|
|
|