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Debt (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Summary of Company's Debt

The following table summarizes the Company’s debt at December 31, 2016.

 

 

Interest
Rate

 

 

Principal
Balance

 

Credit Agreement:

 

 

 

 

 

 

 

U.S. Revolving Note (U.S. Dollar Denominations)

 

2.27

%

 

$

154,000

 

DEG China Loan

 

4.25

%

 

 

2,525

 

DEG Vietnam Loan

 

5.21

%

 

 

15,000

 

Total debt

 

 

 

 

$

171,525

 

Current portion

 

 

 

 

 

(2,092

)

Long-term debt, less current maturities

 

 

 

 

$

169,433

 

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

 

 

Interest
Rate

 

 

Principal
Balance

 

Credit Agreements:

 

 

 

 

 

 

 

U.S. Term Loan

 

2.11

%

 

$

46,875

 

Europe Term Loan

 

1.50

%

 

 

20,369

 

U.S. Revolving Note (U.S. Dollar Denominations)

 

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

 

 

Principal Maturities of Debt

The scheduled principal maturities of our debt as of December 31, 2016 is as follows:

 

Year

 

U.S.
Revolving
Note

 

 

DEG China Loan

 

 

DEG Vietnam Loan

 

 

Total

  

2017

 

$

 

 

$

842

 

 

$

1,250

 

 

$

2,092

 

2018

 

 

 

 

 

842

 

 

 

2,500

 

 

 

3,342

 

2019

 

 

 

 

 

841

 

 

 

2,500

 

 

 

3,341

 

2020

 

 

 

 

 

 

 

 

2,500

 

 

 

2,500

 

2021

 

 

154,000

 

 

 

 

 

 

2,500

 

 

 

156,500

 

Thereafter

 

 

 

 

 

 

 

 

3,750

 

 

 

3,750

 

Total

 

$

154,000

 

 

$

2,525

 

 

$

15,000

 

 

$

171,525