DEBT (Tables)

12 Months Ended

Dec. 31, 2013

DEBT [Abstract]

Current and long-term debt

The following table summarizes current and long-term portions of debt (in thousands):

	2013		2012
Corporate segment:
Senior revolving note, net	$	1,988	$	-
Senior convertible debentures, net		-		1,048
Subordinated convertible notes, net		-		4,041
Subordinated notes, net		4,262		-
Other		-		28
		6,250		5,117
Brazil segment:
Capital expansion loans		4,795		5,555
Equipment financing		174		201
Working capital lines of credit		3,213		2,227
Advances on export letters of credit		2,386		3,953
Special tax programs		2,351		2,531
		12,919		14,467
Total debt		19,169		19,584
Current portion		8,250		8,003
Long-term portion	$	10,919	$	11,581

Required future minimum payments on debt

Required future minimum payments on our debt as of December 31, 2013, follow (in thousands).

	Corporate Segment			Brazil Segment		Total
2014	$	1,988		$	6,262	$	8,250
2015		-			1,767		1,767
2016		6,535			1,032		7,567
2017		-			1,005		1,005
2018		-			955		955
Thereafter		-			1,898		1,898
		8,523			12,919		21,442
Discount		(2,273	)		-		(2,273	)
Total debt	$	6,250		$	12,919	$	19,169

Convertible notes and debenture information

In the second quarter of 2013, we issued subordinated convertible notes and related warrants, which are described in the chart below.

Issuance	Principal Amount of Notes (in thousands)		Creditor's Debt Conversion Right	Stated Annual Interest Rate on Debt			Maturity Date of Debt	Number of Shares Under Warrant		Exercise Price of Warrant	Expiration Date of Warrant
Subordinated Convertible Notes and Warrants	$	538	Convertible immediately at $14.00 per share		10	%	July 2015 or July 2016		38,400	Exercisable immediately at $16.00 per share	July 2017 or May 2018