DEBT OBLIGATIONS (Tables)

9 Months Ended

Sep. 30, 2014

DEBT OBLIGATIONS

Schedule of debt obligations

Debt obligations consisted of the following (in thousands):

		September 30, 2014		December 31, 2013
Current Borrowings
Revolving Credit Facility (2.2% at September 30, 2014)		$	5,000	$	7,725
China Credit Facility (6.3% at September 30, 2014)		1,294		1,170
Term Loan, current portion, (2.2% at September 30, 2014)	(1)	6,000		5,250
Current borrowings		$	12,294	$	14,145
Long-term Debt
Term Loan, noncurrent (2.2% at September 30, 2014)	(1)	$	39,000	$	43,500
Subordinated Notes (14.5%, 13% Cash, 1.5% PIK)		30,000		30,000
Long-term debt		$	69,000	$	73,500

(1)The effective rate of the Term Loan including the impact of the related hedges is 2.64%.