BORROWING ARRANGEMENTS

12 Months Ended

Dec. 31, 2012

Debt Disclosure [Abstract]

BORROWING ARRANGEMENTS

BORROWING ARRANGEMENTS

Information with respect to the Company’s debt and capital lease obligations as of December 31, 2012 and 2011 is shown in the following table:

	December 31, 2012		December 31, 2011
	(in thousands)
Long-term debt	$	5,602	$	4,612
Less: current portion of long-term debt	—		—
Long-term debt due after one year	$	5,602	$	4,612

Long‑term debt obligations of $5.6 million relates to an amount previously advanced from a foreign government which is repayable in 2015. The balance is increased on a monthly basis as a result of interest accretion. The repayment amount is expected to be approximately $9.2 million in 2015.