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Long-term Obligations
3 Months Ended
Mar. 31, 2020
Long-term Obligations  
Long-term Obligations

7.            Long-term Obligations

Total long-term obligations of the Company as of March 31, 2020 and December 31, 2019 consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

    

March 31, 

    

December 31, 

 

 

2020

 

2019

Pension obligations - accrued pension liability

 

$

4,670

 

$

4,611

Settlement agreement (1)

 

 

652

 

 

708

Capital lease obligations

 

 

113

 

 

127

 

 

 

5,435

 

 

5,446

Less: Current portion of long-term obligations

 

 

856

 

 

912

Totals

 

$

4,579

 

$

4,534


(1)

Represents payment to be made pursuant to a settlement agreement entered into in December 2018 between a subsidiary of the Company and 19 former employees of such subsidiary. The balance is payable in monthly installments through March 2023.