Quarterly report pursuant to Section 13 or 15(d)

Line of Credit, Short-Term and Long-Term Borrowings (Tables)

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Line of Credit, Short-Term and Long-Term Borrowings (Tables)
3 Months Ended
Mar. 31, 2013
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