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Debt (Tables)
9 Months Ended
Sep. 30, 2014
Debt Disclosure [Abstract]  
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): 

 

 

September 30, 2014

 

 

December 31, 2013

 

 

Carrying
Amount

 

 

Weighted
Average
Interest
Rate

 

 

Carrying
Amount

 

 

Weighted
Average
Interest
Rate

 

Notes payable

$

12,553

 

 

 

 

 

$

9,738

 

 

 

 

Short-term borrowing

 

8,124

 

 

 

7.00%

 

 

 

 

 

 

 

Total notes payable and short-term borrowing

$

20,677

 

 

 

 

 

 

$

9,738

 

 

 

 

 

Long-term debt:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquisition-related

$

6,396

 

 

 

1.50%

 

 

$

9,975

 

 

 

1.50

%

Bank borrowings

 

19,250

 

 

 

3.15%

 

 

 

24,500

 

 

 

2.92

%

Total long-term debt

 

25,646

 

 

 

 

 

 

 

34,475

 

 

 

 

 

Less: current portion of long-term debt

 

(10,198

)

 

 

 

 

 

 

(10,325

)

 

 

 

 

Total long-term debt, net of current portion

$

15,448

 

 

 

 

 

 

$

24,150

 

 

 

 

 

 

Maturities of Long-term Debt

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

 

2014 (remaining three months)

$

1,750

  

2015

 

10,198

  

2016

 

10,198

  

2017

 

3,500

  

 

$

25,646