Quarterly report pursuant to Section 13 or 15(d)

Debt and Credit Arrangements (Tables)

v2.4.0.8
Debt and Credit Arrangements (Tables)
9 Months Ended
Sep. 30, 2014
Debt and Credit Arrangements [Abstract]  
Components of long-term debt

 

September 30, 2014

December 31, 2013

Term loan $50 million, interest at LIBOR plus 1.75%, due September 30, 2018 with term loan principle repayable in quarterly installments of $2.5 million

$8,000

$37,500

Term loan $2.9 million Canadian (“CAD”), interest at cost of funds plus 2.5%, due September 15, 2014 with principle repayable in monthly installments of $16 thousand until August 15, 2014 and one final payment of $404 thousand collateralized by a first lien on company owned land and building

--

517

Total

8,000

38,017

Less: current portion of long-term debt

(8,000)

(10,517)

Total long-term debt

$ --

$27,500

 

Maturities of long-term debt

Maturities of long-term debt as of September 30, 2014 are as follows (in thousands):

 

 

 

Three months ending December 31, 2014

$

 

2,500

2015

 

 

5,500

Total Total long-term debt

$

 

8,000