Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt

v3.5.0.2
Long-Term Debt
9 Months Ended
Sep. 30, 2016
Long-Term Debt [Abstract]  
Long-Term Debt

NOTE 6.  LONG-TERM DEBT



Long-term debt, net as of September 30, 2016 and December 31, 2015, was as follows:







 

 

 

 

 

 



 

September 30, 2016

 

December 31, 2015



 

 

 

 

 

 

Revolving credit facilities (a)

 

$

 -

 

$

 -

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

 

 

22,610 

 

 

22,610 

Term note (b)

 

 

108 

 

 

105 

Unamortized discount

 

 

(1,279)

 

 

(2,582)



 

 

21,439 

 

 

20,133 

Less current portion

 

 

(21,439)

 

 

 -



 

$

 -

 

$

20,133 



(a)

As of September 30, 2016, the Company had drawn $0 on a $20,000 revolving credit facility with Zions First National Bank with a maturity date of April 1, 2017.



(b)

The term loan is payable to a government entity with an interest rate of 0.75% and no monthly installments.  The note matures in March 2017.