Long-Term Debt

9 Months Ended

Sep. 30, 2013

Long-Term Debt

Note 8 – Long-term debt:

	December31, 2012
	(In thousands)
Note payable to TIMET Finance Management Company	$	18,480
Less current maturities		1,000
Total long-term debt	$	17,480

In July 2013, we prepaid the remaining outstanding principal amount of the note, plus accrued interest, without penalty.  The average interest rate on the promissory note payable for the year-to-date period ended July 18, 2013 (the pay-off date) was 1.3%.