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)
 9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Long-Term Borrowings

Long-term borrowings at September 30, 2017 and December 31, 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

   3.24% per annum, secured by property, balloon payment of

   $62,843 due August 2020

 

$

66,968

 

 

$

68,059

 

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

   of $5,580 due January 2021

 

 

5,580

 

 

 

—

 

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

 

 

639

 

 

 

883

 

Subtotal

 

 

73,187

 

 

 

68,942

 

Less current installments

 

 

1,797

 

 

 

1,783

 

Total long-term borrowings

 

$

71,390

 

 

$

67,159