Quarterly report pursuant to Section 13 or 15(d)

LONG-TERM DEBT (Tables)

v3.24.2.u1
LONG-TERM DEBT (Tables)
 6 Months Ended
Jun. 30, 2024
LONG-TERM DEBT  
Schedule of Long-Term Debt

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June 30, 2024

    

December 31, 2023

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Revolving credit facility (a)

$

-

​

$

10,375

Other debt (b)

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-

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40

Term loan (c)

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-

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109,375

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-

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119,790

Less current portion

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-

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(119,790)

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$

-

​

$

-

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(a) On February 29, 2024, upon the closing of the disposition of the Precision Sport segment, the Company terminated and paid off amounts outstanding under the revolving credit facility in full. The Company paid interest monthly on any borrowings on the Restated Credit Agreement. As of December 31, 2023, the interest rates ranged between approximately 7.7% and 9.8%.
(b) Foreign subsidiaries of the Company had term debt with financial institutions, which was repaid as of June 30, 2024. The foreign subsidiaries paid interest monthly on any borrowings on the credit facility as well as monthly
payments on the term debt. As of December 31, 2023, the interest rate was approximately 3.2%. The term debt was secured by certain assets of the foreign subsidiaries.
(c) On February 29, 2024, upon the closing of the disposition of the Precision Sport segment, the Company terminated and paid off amounts outstanding under the term loan in full. The Company paid interest monthly on any borrowings on the Restated Credit Agreement. As of December 31, 2023, the rate was approximately 7.7%.