Quarterly report pursuant to Section 13 or 15(d)

Short-term and Long-term Borrowings (Tables)

v3.20.1
Short-term and Long-term Borrowings (Tables)
3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Long-Term Borrowings

Long-term borrowings at March 31, 2020 and December 31, 2019 are as follows (in thousands):

 

 

 

2020

 

 

2019

 

Unsecured revolving credit facility, variable-rate interest at

   1.875% per annum, due November 2024

 

$

490,000

 

 

$

 

Note payable to banks, interest only, variable-rate interest at

   2.55% per annum, secured by property, balloon payment of

   $129,505 due March 2025

 

 

129,505

 

 

 

63,692

 

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

   of $287 due January 2021

 

 

287

 

 

 

393

 

Loan payable to a bank, variable-rate interest at 6.00% per

   annum, due September 2023

 

 

49,284

 

 

 

48,791

 

Loan payable to a bank, variable-rate interest at 3.20% per

   annum, due October 2023

 

 

17,002

 

 

 

2,541

 

Subtotal

 

 

686,078

 

 

 

115,417

 

Less: Current installments

 

 

(16,926)

 

 

 

(66,234

)

Total long-term borrowings

 

$

669,152

 

 

$

49,183