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Debt (Tables)
9 Months Ended
Sep. 30, 2016
Debt Disclosure [Abstract]  
Summary of Company's Debt

The following table summarizes the Company’s debt at September 30, 2016 and at December 31, 2015.

 

 

September 30, 2016

 

  

December 31,
2015

 

 

Interest
Rate

 

 

Principal
Balance

 

  

Principal
Balance

 

Credit Agreement:

 

 

 

 

 

 

 

 

 

 

 

U.S. Term Loan

 

 

 

 

$

 

 

$

46,875

 

Europe Term Loan

 

 

 

 

 

 

 

 

20,369

 

Revolving Note (U.S. Dollar Denominations)

 

2.02

%

 

 

123,875

 

 

 

12,000

 

DEG China Loan

 

4.25

%

 

 

2,697

 

 

 

3,497

 

DEG Vietnam Loan

 

5.21

%

 

 

15,000

 

 

 

15,000

 

Total debt

 

 

 

 

 

141,572

 

 

 

97,741

 

Current portion

 

 

 

 

 

(899

)

 

 

(4,909

)

Long-term debt, less current maturities

 

 

 

 

$

140,673

 

 

$

92,832

 

 

Principal Maturities of Debt

The scheduled principal maturities of our debt as of September 30, 2016 are as follows:

 

Year

 

Revolving
Note       (U.S. Dollar)

 

 

DEG
China
Note

 

 

DEG
Vietnam
Note

 

 

Total

  

2016

 

$

 

 

$

 

 

$

 

 

$

 

2017

 

 

 

 

 

899

 

 

 

1,250

 

 

 

2,149

 

2018

 

 

 

 

 

899

 

 

 

2,500

 

 

 

3,399

 

2019

 

 

 

 

 

899

 

 

 

2,500

 

 

 

3,399

 

2020

 

 

 

 

 

 

 

 

2,500

 

 

 

2,500

 

2021

 

 

123,875

 

 

 

 

 

 

2,500

 

 

 

126,375

 

Thereafter

 

 

 

 

 

 

 

 

3,750

 

 

 

3,750

 

Total

 

$

123,875

 

 

$

2,697

 

 

$

15,000

 

 

$

141,572