DEBT OBLIGATIONS (Tables)

3 Months Ended

Mar. 31, 2014

DEBT OBLIGATIONS

Schedule of debt obligations

Debt obligations consisted of the following (in thousands):

	March 31, 2014		December 31, 2013
Current Borrowings
Revolving Credit Facility (2.7% at March 31, 2014)	$	7,725	$	7,725
China Credit Facility (6.3% at March 31, 2014)	1,322		1,170
Term Loan, current portion, (2.7% at March 31, 2014) (1)	5,500		5,250
Current borrowings	$	14,547	$	14,145
Long-term Debt
Term Loan, noncurrent (2.7% at March 31, 2014) (1)	$	42,000	$	43,500
Subordinated Notes (14.5%, 13% Cash, 1.5% PIK)	30,000		30,000
Long-term debt	$	72,000	$	73,500

(1) The effective rate of the Term Loan including the impact of the related hedges is 3.14%.