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Related Parties
12 Months Ended
Dec. 31, 2019
Related Party Transactions [Abstract]  
Related Parties

NOTE 22 – RELATED PARTIES:

ATR has a loan outstanding with its minority shareholder. The loan originally matured in 2008 but has been renewed continually for one-year periods. Interest does not compound and has accrued on the outstanding balance, since inception, at the three-to-five-year loan interest rate set by the People’s Bank of China in effect at the time of renewal. The loan balance approximated $2,856 (RMB 19,901) at December 31, 2019, and $4,056 (RMB 27,901) at December 31, 2018. During 2019, ATR repaid $1,148 (RMB 8,000) in principal and $287 (RMB 2,000) in accrued interest. The interest rate for 2019 approximated 5%, and accrued interest approximated $2,152 (RMB 14,999) and $2,297 (RMB 15,800) as of December 31, 2019, and 2018, which is recorded in other current liabilities. During 2018, the shareholders converted a portion of their loans outstanding with ATR to equity. The conversion was in proportion to their respective ownership interest, with the Corporation converting $1,308 (RMB 9,000) and TISCO converting $872 (RMB 6,000) of their loans to equity. Purchases from ATR’s minority shareholder and its affiliates, which were in the ordinary course of business, approximated $14,166 (RMB 97,763) and $11,248 (RMB 77,356) in 2019 and 2018, respectively. Excluding the loan and interest outstanding, the amount payable to ATR’s minority shareholder and its affiliates approximated $408 (RMB 2,841) and $208 (RMB 1,429) at December 31, 2019, and 2018, respectively. Sales to ATR’s minority shareholder and its affiliates, which were in the ordinary course of business, approximated $11,200 (RMB 77,303) and $11,697 (RMB 77,464) for 2019 and 2018, respectively. No amounts were due from ATR’s minority shareholder or its affiliates as of December 31, 2019, or 2018.