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Debt (Tables)
6 Months Ended
Jun. 30, 2013
Debt Disclosure [Abstract]  
Schedule of long-term debt to financial institutions

 

 

 

 (Unaudited)

 

 

(In thousands)

 

 June 30,

 

 December 31,

 

 

2013

 

2012

Fixed Rate term note payable to a U.S. bank, with an interest rate of 5.5% at June 30, 2013, due January 1, 2016, secured by real estate, leasehold improvements, property, plant and equipment, inventory and accounts receivable of our U.S. operation.

 $

1,114 

 $

1,309 

Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 7.8% at June 30, 2013, due July 1, 2029, secured by TPT's land and office building purchased July 2004.  (€265)

 

345 

 

363 

Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 3.3% at June 30, 2013, due January 31, 2030, secured by TPT's land and building purchased January 2005.  (€290)

 

377 

 

395 

Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 4.05% at June 30, 2013, due July 31, 2015, secured by TPT's assets.  (€83)

 

108 

 

143 

Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 4.25% at June 30, 2013, due July 5, 2014, secured by TPT's assets.  (€218)

 

283 

 

442 

Malaysian Ringgit term note payable to a Malaysian bank, with an interest rate of 5.2% at June 30, 2013, due March 1, 2015, secured by TMM's property, plant and eqiupment. (RM 3,208)

 

1,016 

 

866 

 

 

 

 

 

Total

 

3,243 

 

3,518 

Less current maturities

 

1,180 

 

1,202 

Total long-term debt - financial institutions

 $

2,063 

 $

2,316