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DEBT OBLIGATIONS (Tables)
6 Months Ended
Jun. 30, 2016
DEBT OBLIGATIONS  
Schedule of debt obligations

 

Debt obligations consisted of the following (in thousands):

 

 

 

 

 

June 30,
2016

 

December 31,
2015

 

Current Borrowings

 

 

 

 

 

 

 

Revolving Credit Facility

 

 

 

$

9,829

 

$

 

China Credit Facility (6.4% at June 30, 2016)

 

 

 

1,570

 

1,641

 

Term Loan, current portion, (2.5% at June 30, 2016)

 

(1

)

9,656

 

8,219

 

 

 

 

 

 

 

 

 

Current borrowings

 

 

 

$

21,055

 

$

9,860

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term Debt

 

 

 

 

 

 

 

Term Loan, noncurrent (2.5% at June 30, 2016)

 

(1

)

$

23,719

 

$

28,906

 

Subordinated Notes (14.5%, 13% Cash, 1.5% PIK)

 

 

 

30,000

 

30,000

 

Unamortized debt issuance costs

 

 

 

(1,164

)

(1,388

)

 

 

 

 

 

 

 

 

Long-term debt

 

 

 

$

52,555

 

$

57,518

 

 

 

 

 

 

 

 

 

 

 

 

(1)

The effective rate of the Term Loan including the impact of the related hedges is 2.79%.

Schedule of maturities of long-term debt

 

 

 

Total

 

Remainder of 2016

 

$

21,054 

 

2017

 

10,374 

 

2018

 

13,346 

 

2019

 

30,000 

 

 

 

 

 

Total

 

$

74,774