Quarterly report pursuant to Section 13 or 15(d)

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

v3.8.0.1
Line of Credit, Short-Term and Long-Term Borrowings (Tables)
 3 Months Ended
Mar. 31, 2018
Debt Disclosure [Abstract]  
Long-Term Borrowings

Long-term borrowings at March 31, 2018 and December 31, 2017 are as follows (in thousands):

 

 

 

2018

 

 

2017

 

Note payable to banks, due in monthly installments of $337.1

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

   3.88% per annum, secured by property, balloon payment of

   $62,843 due August 2020

 

$

66,240

 

 

$

66,604

 

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

   of $5,741 due January 2021

 

 

5,741

 

 

 

5,745

 

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

   installments of $31 (includes principal and interest), fixed-

   rate interest at 5.24% per annum, due July 2019

 

 

470

 

 

 

555

 

Subtotal

 

 

72,451

 

 

 

72,904

 

Less current installments

 

 

1,805

 

 

 

1,801

 

Total long-term borrowings

 

$

70,646

 

 

$

71,103