Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Long-term Debt (Tables)

v3.7.0.1
Note 6 - Long-term Debt (Tables)
 3 Months Ended
Mar. 31, 2017
Notes Tables  
Schedule of Long-term Debt Instruments [Table Text Block]
(Amounts in Thousands)
  
March 31, 2017
    
December 31, 2016
  
Revolving Credit
facility dated October 31, 2011, as amended, borrowings based upon eligible accounts receivable, subject to monthly borrowing base calculation, balance due March 24, 2021. Effective interest rate for the first quarter of 2017 was 3.9%.
(1)
   $
2,243
 
   $
3,803
 
Term Loan
dated October 31, 2011, as amended, payable in equal monthly installments of  principal of $102, balance due on March 24, 2021. Effective interest rate for first quarter of 2017 was 4.3%.
(1) (2)
    
4,735
(3)
    
5,030
(3)
Total debt
    
6,978
 
    
8,833
 
Less current portion of long-term debt
    
1,184
 
    
1,184
 
Long-term debt
   $
5,794
 
   $
7,649