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LONG-TERM DEBT
12 Months Ended
Dec. 31, 2012
Debt Disclosure [Abstract]  
Long-term Debt [Text Block]

NOTE 11. LONG-TERM DEBT

 

The Company had the following long-term debt as of December 31, 2012 and 2011.

 

(Dollars in thousands)   2012     2011  
Acquisition-related debt, 4.08% interest, annual payments over five years   $ -     $ 455  

 

The acquisition-related debt was incurred as part of the purchase price of TSGIA and payable to the seller thereof, who remains the President of that subsidiary. The final payment was made on October 1, 2012.