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Financing Arrangements
 9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
FINANCING ARRANGEMENTS FINANCING ARRANGEMENTS
The Company's borrowings under existing financing arrangements consist of the following:
September 30,December 31,
20222021
Total debt$16,328 $34,157 
Less: current portion(16,328)(18,126)
Long-term debt, net of current portion$— $16,031 
Term Debt:
At September 30, 2022, the Company has an unsecured long-term note with an outstanding principal balance of $16,328, all of which is current. The interest on this unsecured long-term note is variable at 1.20% above LIBOR and is fixed using an interest rate swap at 2.85% per annum. The unsecured long-term note matures in May 2023, at which time the outstanding principal balance will be $15,438. The Company had another long-term note that was secured by its corporate aircraft, which matured and was paid in July 2022, at which time the outstanding principal balance was $15,375.
The future principal payments for the Company’s Note as of September 30, 2022 are as follows:
2022 (a)
$297 
202316,031 
Total$16,328 
(a) For the three-month period beginning October 1, 2022.
Revolving Line of Credit Facilities:
The Company maintains a $75,000 U.S. revolving line of credit and a €50,000 ($48,987) line-of-credit in Germany, both of which are available to certain foreign subsidiaries and allow for borrowings in the local currencies of those subsidiaries. The Company also maintains a €1,500 ($1,470) Italian overdraft facility. At September 30, 2022 and December 31, 2021, there were no amounts drawn on the U.S. line-of-credit, and there were $3,244 and $2,478, respectively, of guarantees issued against the facility, which reduce the amount of the facility available to draw. At September 30, 2022 and December 31, 2021, there were no amounts drawn on the euro line-of-credit, and there were $1,939 and $2,161, respectively, of guarantees issued against those facilities, which reduce the amount available to draw. At September 30, 2022 and December 31, 2021, there were no amounts
drawn on the euro overdraft facility. After providing for the guarantees used, the total unused lines-of-credit and overdraft facilities are $120,274 at September 30, 2022.