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Debt (Tables)
6 Months Ended
Jun. 30, 2014
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): 

 

 

June 30, 2014

 

 

December 31, 2013

 

 

Carrying
Amount

 

 

Weighted
Average
Interest
Rate

 

 

Carrying
Amount

 

 

Weighted
Average
Interest
Rate

 

Notes payable

$

12,025

 

 

 

 

 

$

9,738

 

 

 

 

Short-term borrowing

 

8,061

 

 

 

7.00%

 

 

 

 

 

 

 

Total notes payable and short-term borrowing

$

20,086

 

 

 

 

 

 

$

9,738

 

 

 

 

 

Long-term debt:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquisition-related

$

6,930

 

 

 

1.50%

 

 

$

9,975

 

 

 

1.50

%

Bank borrowings

 

21,000

 

 

 

3.15%

 

 

 

24,500

 

 

 

2.92

%

Total long-term debt

 

27,930

 

 

 

 

 

 

 

34,475

 

 

 

 

 

Less: current portion of long-term debt

 

(10,465

)

 

 

 

 

 

 

(10,325

)

 

 

 

 

Total long-term debt, net of current portion

$

17,465

 

 

 

 

 

 

$

24,150

 

 

 

 

 

 

Maturities of Long-term Debt

At June 30, 2014, maturities of long-term debt were as follows (in thousands):

 

2014 (remaining six months)

$

3,500

  

2015

 

10,465

  

2016

 

10,465

  

2017

 

3,500

  

 

$

27,930