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Debt (Tables)
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Summary of Company's Debt

The following table summarizes the Company’s debt at December 31, 2015.

 

 

Interest
Rate

 

 

Principal
Balance

 

Credit Agreement:

 

 

 

 

 

 

 

U.S. Term Loan

 

2.11

%

 

$

46,875

 

Europe Term Loan

 

1.50

%

 

 

20,369

 

U.S. Revolving Note

 

1.92

%

 

 

12,000

 

DEG China Loan

 

4.25

%

 

 

3,497

 

DEG Vietnam Loan

 

5.21

%

 

 

15,000

 

Total debt

 

 

 

 

$

97,741

 

Current portion

 

 

 

 

 

(4,909

)

Long-term debt, less current maturities

 

 

 

 

$

92,832

 

 

The following table summarizes the Company’s debt at December 31, 2014.

 

 

Interest
Rate

 

 

Principal
Balance

 

Credit Agreements:

 

 

 

 

 

 

 

U.S. Term Loan

 

2.00

%

 

$

49,375

 

Europe Term Loan

 

1.81

%

 

 

23,963

 

U.S. Revolving Note

 

1.92

%

 

 

12,000

 

DEG China Loan

 

4.25

%

 

 

4,805

 

Capital lease

 

4.20

%

 

 

632

 

Total debt

 

 

 

 

$

90,775

 

Current portion

 

 

 

 

 

(5,306

)

Long-term debt, less current maturities

 

 

 

 

$

85,469

 

 

Principal Maturities of Debt

The scheduled principal maturities of our debt as of December 31, 2015 is as follows:

 

Year

 

U.S.
Term
Loan

 

 

Europe
Term Loan

 

 

U.S.
Revolving
Note

 

 

DEG China Loan

 

 

DEG Vietnam Loan

 

 

Total

  

2016

 

$

2,813

 

 

$

1,222

 

 

$

 

 

$

874

 

 

$

 

 

$

4,909

 

2017

 

 

3,750

 

 

 

1,630

 

 

 

 

 

 

874

 

 

 

1,250

 

 

 

7,504

 

2018

 

 

4,062

 

 

 

1,765

 

 

 

 

 

 

874

 

 

 

2,500

 

 

 

9,201

 

2019

 

 

36,250

 

 

 

15,752

 

 

 

12,000

 

 

 

875

 

 

 

2,500

 

 

 

67,377

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,500

 

 

 

2,500

 

Thereafter

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6,250

 

 

 

6,250

 

Total

 

$

46,875

 

 

$

20,369

 

 

$

12,000

 

 

$

3,497

 

 

$

15,000

 

 

$

97,741