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)
6 Months Ended
Jun. 30, 2013
Debt Disclosure [Abstract]  
Long-Term Debt

Long-term debt is as follows (in thousands):

 

     June 30,
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

   $ 79,412       $ 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

     26,315         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

     26,759         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

     1,905         2,036   

Capital lease obligations

     0         10   
  

 

 

    

 

 

 

Subtotal

     134,391         140,185   

Less current installments

     11,842         11,668   
  

 

 

    

 

 

 

Total long-term debt

   $ 122,549       $ 128,517