Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt

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Long-Term Debt
9 Months Ended
Sep. 30, 2015
Long-Term Debt [Abstract]  
Long-Term Debt

NOTE 6.  LONG-TERM DEBT

 

Long-term debt, net as of September 30, 2015 and December 31, 2014, was as follows:

 

 

 

 

 

 

 

 

 

 

 

September 30, 2015

 

December 31, 2014

 

 

 

 

 

 

 

Revolving credit facilities (a)

 

$

 -

 

$

 -

Foreign credit facilities (b)

 

 

 -

 

 

 -

5% Senior Subordinated Notes due 2017 (refer to Note 16)

 

 

19,624 

 

 

18,491 

Term notes (c)

 

 

107 

 

 

68 

 

 

 

19,731 

 

 

18,559 

Less current portion

 

 

 -

 

 

 -

 

 

$

19,731 

 

$

18,559 

 

(a)

As of September 30, 2015, the Company had drawn $0 on a $20,000 revolving credit facility with the Lender with a maturity date of April 1, 2017.

 

(b)

The Company’s foreign subsidiaries have a revolving credit facility with a financial institution which matures on January 31, 2016.  As of September 30, 2015 and December 31, 2014, the revolving credit facility had a balance of $5,831 and $3,844, respectively, and is included in liabilities held for sale.

 

(c)

Various term loans are payable to financial institutions and a government entity with interest rates ranging from 0.75% to 5.50% and monthly installments ranging from $0 to $2.  The notes mature between January 2016 and March 2017, and are secured by certain equipment.  As of September 30, 2015 and December 31, 2014, $10 and $34, respectively, is included in liabilities held for sale.