XML 24 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
Notes Payable to Bank and Long-Term Debt (Tables)
9 Months Ended
Sep. 30, 2014
Notes Payable to Bank and Long-Term Debt [Abstract]  
Schedule of debt including short and long term
 
September 30,
2014
  
December 31, 2013
 
Note Payable:
 
(in thousands)
 
MtronPTI revolving loan with J.P. Morgan Chase Bank, N.A.
 
$
-
   
1,181
 
        

On August 29, 2014, MtronPTI paid off and terminated its $1.5 million revolving line of credit entered into on June 30, 2011, with JPMorgan Chase Bank, N.A. (the "Chase Revolving Loan").  The Chase Revolving Loan was scheduled to expire on September 30, 2014. The Chase Revolving Loan was secured by a $1.5 million cash collateral deposit and by a general lien on all of MtronPTI's assets, both of which have been released. The Chase Revolving Loan was scheduled to expire on September 30, 2014.