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Debt (Tables)
3 Months Ended
Mar. 31, 2016
Debt  
Components of Debt, Obligations, Weighted Average Interest Rate and Additional Fair Value Information Relating to Outstanding Debt Instruments

The table below summarizes the carrying amount and weighted average interest rate of the Company’s debt (in thousands, except percentages): 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2016

 

December 31, 2015

 

 

    

 

 

    

Weighted

    

 

 

    

Weighted

 

 

 

 

 

 

Average

 

 

 

 

Average

 

 

 

Carrying

 

Interest

 

Carrying

 

Interest

 

 

 

Amount

 

Rate

 

Amount

 

Rate

 

Notes payable

 

$

8,850

 

 

$

8,857

 

 

Bank borrowings-Comerica Bank

 

 

23,800

 

3.19

%

 

23,800

 

2.99

%  

Total notes payable and short-term borrowing

 

$

32,650

 

 

 

$

32,657

 

 

 

Long-term debt, current and non-current:

 

 

 

 

 

 

 

 

 

 

 

Bank borrowings-Mitsubishi Bank

 

$

12,382

 

1.47

%

$

11,769

 

1.53

%

Total long-term debt, current and non-current

 

$

12,382

 

 

 

$

11,769

 

 

 

Unaccreted discount within current portion of long-term debt

 

 

(75)

 

 

 

 

(71)

 

 

 

Unaccreted discount within long-term debt, net of current portion

 

 

(174)

 

 

 

 

(179)

 

 

 

Total long-term debt, net of unaccreted discount

 

$

12,133

 

 

 

$

11,519

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reported as:

 

 

 

 

 

 

 

 

 

 

 

Current portion of long-term debt

 

$

815

 

 

 

$

760

 

 

 

Long-term debt, net of current portion

 

 

11,318

 

 

 

 

10,759

 

 

 

Total long-term debt, net of unaccreted discount

 

$

12,133

 

 

 

$

11,519

 

 

 

 

Maturities of Long-term Debt

At March 31, 2016, maturities of long-term debt were as follows (in thousands):

 

 

 

 

2016 (remaining nine months)

    

$

667

2017

 

 

890

2018

 

 

5,338

2019

 

 

889

2020

 

 

890

Thereafter

 

 

3,708

 

 

$

12,382