DEBT OBLIGATIONS (Tables)

3 Months Ended

Mar. 31, 2015

DEBT OBLIGATIONS

Schedule of debt obligations

Debt obligations consisted of the following (in thousands):

	March 31, 2015		December 31, 2014
Current Borrowings
Revolving Credit Facility	$	—	$	—
China Credit Facility (6.4% at March 31, 2015)	1,670		1,348
Term Loan, current portion, (2.2% at March 31, 2015)(1)	6,750		6,375
Current borrowings	$	8,420	$	7,723
Long-term Debt
Term Loan, noncurrent (2.2% at March 31, 2015)(1)	$	35,250	$	37,125
Subordinated Notes (14.5%, 13% Cash, 1.5% PIK)	30,000		30,000
Long-term debt	$	65,250	$	67,125

(1) The effective rate of the Term Loan including the impact of the related hedges is 2.65%.

Schedule of maturities of long-term debt

Maturities of long-term debt as of March 31, 2015 are as follows (in thousands):

	Total
Remainder of 2015	$	6,545
2016	8,219
2017	10,374
2018	18,532
2019	30,000
Total	$	73,670