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Long-Term Debt | 9 Months Ended
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Sep. 30, 2015
Debt Disclosure [Abstract] |
Debt Disclosure [Text Block] | Note 6. Long-Term Debt At September 30, 2015, the Company owed approximately $116.8 million under its various borrowing arrangements with several banks in Colombia, Panama and the United States and including obligations under various capital leases. The bank obligations have maturities ranging from six months to 15 years that bear interest at rates ranging from 2.8% to 14.7%. These loans are generally secured by substantially all of the Company’s accounts receivable or inventory. The mortgage loan from TD Bank N.A. for real property acquired in December 2014 by Tecno RE includes covenant requirements that the Company has to maintain debt service coverage ratio to be evaluated for the first time at December 31, 2015 and annually thereafter as well a loan to value ratio evaluation from time to time by the bank. The Company had various lines of credit amounting to $30.8 million and $26.8 million as of September 30, 2015 and December 31, 2014, respectively. These lines of credit are secured by fixed assets amounting to $5.9 million and $7.4 million of September 30, 2015 and December 31, 2014, respectively, and other long-term assets amounting to $0.3 million and $0.4 million as of September 30, 2015 and December 31, 2014, respectively. The terms of the line of credit agreements do not restrict the Company?s operation and use of the assets.
|  | (in thousands) |
|  | September 30, |  | December 31, |
|  | 2015 |  | 2014 |
Obligations under borrowing arrangements |  | $ | 116,764 |  | $ | 94,198 |
Less: Current portion of long-term debt and other current borrowings |  |  | (67,651) |  |  | (54,925) |
Long-term debt |  | $ | 49,113 |  | $ | 39,273 |
Maturities of long-term debt and other current borrowings are as follows as of September 30, 2015:
12 months ending September 30,
2016 |  | $ | 67,651 |
2017 |  |  | 16,114 |
2018 |  |  | 10,148 |
2019 |  |  | 10,055 |
Thereafter |  |  | 12,796 |
Total |  | $ | 116,764 |
Revolving Lines of Credit The Company has approximately $7.1 million available in two lines of credit under a revolving note arrangement as of September 30, 2015. The floating interest rates on the revolving notes are between DTF+6% and DTF+7%. DTF is the primary measure of interest rates in Colombia. As of September 30, 2015 and December 31, 2014, we had $6.7 million and $0.4 million, respectively, of outstanding borrowings under these lines of credit. The Company had $7,186 and $7,362 of property, plant and equipment as well as $402 and $435 of other long term assets pledged to secure $ 48,056 and $26,856 under various lines of credit as of September 30, 2015 and December 31, 2014, respectively. Proceeds from debt and repayments of debt for the nine months ended September 30, 2015 and 2014 are as follows:
|  | (in thousands) |
|  | 2015 |  | 2014 |
Proceeds from debt |  | $ | 79,608 |  | $ | 88,370 |
Repayments of debt |  | $ | 72,461 |  | $ | 62,013 |
The Company acquired assets under capital leases for the nine months ended September 30, 2015 and 2014 for $ 44.6 million and $3.1 million, respectively. Interest expense for the nine-month periods ended September 30, 2015 and 2014 was $ 6.5 million and $6.6 million, respectively.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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