Annual report pursuant to Section 13 and 15(d)

Long-Term Borrowings (Tables)

v2.4.1.9
Long-Term Borrowings (Tables)
 12 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
Long-Term Borrowings

Long-term borrowings at December 31, 2014 and 2013 is as follows (in thousands):

 

     2014      2013  

Note payable to bank, due in monthly installments of $346.6 (includes principal and interest), variable rate interest at 3.92% per annum, secured by property, balloon payment of $77,060 due October 2015

    $ 77,900       $ 78,908   

Note payable to bank, due in monthly installments of $531.4 (includes principal and interest), fixed rate interest at 3.54% per annum, secured by property, balloon payment of $12,635 due December 2015

      19,159         23,573   

Note payable to bank, due in monthly installments of $483.9 (includes principal and interest), fixed rate interest at 3.19% per annum, secured by property, balloon payment of $11,670 due June 2016

      17,940         24,265   

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, maturity date of July 2019

      1,489         1,770   
  

 

 

     

 

 

  

Subtotal

   116,488      128,516   

Less current installments

   101,407      12,028   
  

 

 

     

 

 

  

Total long-term borrowings, excluding current installments

 $ 15,081    $ 116,488   
  

 

 

     

 

 

  
Aggregate Maturities of Long-Term Borrowings

The aggregate maturities of long-term borrowings at December 31, 2014 are as follows:

 

2015

   101,407   

2016

   14,198   

2017

   328   

2018

   345   

2019

   210   

Thereafter

   —     
  

 

 

  
$ 116,488