Annual report pursuant to Section 13 and 15(d)

Long-Term Borrowings (Tables)

v3.8.0.1
Long-Term Borrowings (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Long-Term Borrowings

Long-term borrowings at December 31, 2017 and 2016 are as follows (in thousands):

 

 

 

2017

 

 

2016

 

Note payable to banks, due in monthly installments of $302.0

   (includes principal and interest), variable-rate interest at

   3.57% per annum, secured by property, balloon payment of

   $62,843 due August 2020

 

$

66,604

 

 

$

68,059

 

Note payable to Luen Thai Enterprise, Ltd., balloon payment

   of $5,745 due January 2021

 

 

5,745

 

 

 

 

Note payable to TCF Equipment Finance, Inc., due in monthly

   installments of $30.5 (includes principal and interest), fixed-

   rate interest at 5.24% per annum, due July 2019

 

 

555

 

 

 

883

 

Subtotal

 

 

72,904

 

 

 

68,942

 

Less current installments

 

 

1,801

 

 

 

1,783

 

Total long-term borrowings

 

$

71,103

 

 

$

67,159

 

 

Aggregate Maturities of Long-Term Borrowings

The aggregate maturities of long-term borrowings at December 31, 2017 are as follows (in thousands):

 

2018

 

$

1,801

 

2019

 

 

1,666

 

2020

 

 

63,692

 

2021

 

 

5,745

 

 

 

$

72,904