Long-term debt

3 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

Long-term debt

Note 8 – Long-term debt:

	December 31, 2012		March 31, 2013
	(In thousands)
Note payable to Timet Finance Management Company		18,480		18,230
Less current maturities		1,000		1,000
Total long-term debt	$	17,480	$	17,230

The average interest rate on the promissory note payable as of and for the three-month period ended March 31, 2013 was 1.3%.