| Long-Term Borrowings |
Long-term borrowings at June 30, 2015 and December 31, 2014 are as follows (in thousands):
|
|
|
2015
|
|
|
2014
|
|
|
Note payable to banks, due in monthly installments of $338.0
(includes principal and interest), variable-rate interest at
3.94% per annum, secured by property, balloon payment of
$77,060 due October 2015
|
|
$
|
77,396
|
|
|
$
|
77,900
|
|
|
Note payable to banks, 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
|
|
|
15,048
|
|
|
|
17,940
|
|
|
Note payable to banks, 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
|
|
|
16,544
|
|
|
|
19,159
|
|
|
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
|
|
|
1,344
|
|
|
|
1,489
|
|
|
Note payable to bank from Skechers Retail India Private Ltd.
|
|
|
550
|
|
|
|
—
|
|
|
Subtotal
|
|
|
110,882
|
|
|
|
116,488
|
|
|
Less current installments
|
|
|
109,290
|
|
|
|
101,407
|
|
|
Total long-term borrowings
|
|
$
|
1,592
|
|
|
$
|
15,081
|
|
|