DEBT OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2015

DEBT OBLIGATIONS

Schedule of debt obligations

Debt obligations consisted of the following (in thousands):

		December 31, 2015		December 31, 2014
Current Borrowings
Revolving Credit Facility		$	—	$	—
China Credit Facility (6.4% at December 31, 2015)		1,641		1,348
Term Loan, current portion, (2.2% at December 31, 2015)	(1)	8,219		6,375
Current borrowings		$	9,860	$	7,723
Long-term Debt
Term Loan, noncurrent (2.2% at December 31, 2015)	(1)	$	28,906	$	37,125
Subordinated Notes (14.5%, 13% Cash, 1.5% PIK)		30,000		30,000
Long-term debt		$	58,906	$	67,125

(1) The effective rate of the Term Loan including the impact of the related hedges is 2.67%.

Schedule of maturities of long-term debt

Year ending December 31,	Total
2016	$	9,860
2017	10,374
2018	18,532
2019	30,000
Thereafter	—
Total	$	68,766