DEBT OBLIGATIONS (Tables)

9 Months Ended

Sep. 30, 2015

DEBT OBLIGATIONS

Schedule of debt obligations

Debt obligations consisted of the following (in thousands):

	September 30, 2015		December 31, 2014
Current Borrowings
Revolving Credit Facility	$	—	$	—
China Credit Facility (6.4% at September 30, 2015)	1,711		1,348
Term Loan, current portion, (2.2% at September 30, 2015) (1)	7,500		6,375
Current borrowings	$	9,211	$	7,723
Long-term Debt
Term Loan, noncurrent (2.2% at September 30, 2015) (1)	$	31,500	$	37,125
Subordinated Notes (14.5%, 13% Cash, 1.5% PIK)	30,000		30,000
Long-term debt	$	61,500	$	67,125

(1) The effective rate of the Term Loan including the impact of the related hedges is 2.66%.

Schedule of maturities of long-term debt

Maturities of long-term debt as of September 30, 2015 are as follows (in thousands):

	Total
Remainder of 2015	$	3,586
2016	8,219
2017	10,374
2018	18,532
2019	30,000
Total	$	70,711