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Financing Arrangements (Tables)
 9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
The outstanding principal amount of long-term debt (in thousands, except interest rates):
 
 
September 30, 2017
 
December 31, 2016
 
Maturity
 
Interest Rate
European Investment Bank (1)
 
$
78,590

 
$
78,987

 
June 2021
 
0.95
%
Mediocredito Italiano (3)
 
7,719

 
7,276

 
December 2023
 
0.50% - 3.07%

Banca del Mezzogiorno (2)
 
6,490

 
6,747

 
December 2019
 
0.50% - 3.15%

Bpifrance (ex-Oséo)
 
1,603

 
1,909

 
October 2019
 
2.58
%
Region Wallonne
 
831

 
798

 
December 2023 and June 2033
 
0.00% - 2.45%

Mediocredito Italiano - mortgages and other
 
742

 
799

 
September 2021 and September 2026
 
0.40% - 0.65%

Total debt
 
95,975

 
96,516

 
 
 
 
Less current portion of long-term debt
 
24,122

 
21,301

 
 
 
 
Total long-term debt
 
$
71,853

 
$
75,215

 
 
 
 
(1)
The European Investment Bank (“EIB”) loan was obtained in July 2014 to support product development projects. The interest rate for the EIB loan is reset by the lender each quarter based on the Euribor. Interest payments are paid quarterly and principal payments are paid semi-annually.
(2)
The Banca del Mezzogiorno loan was obtained in January 2015 to support R&D projects as a part of the Large Strategic Project program of the Italian Ministry of Education.
(3)
We obtained the Mediocredito Italiano Bank loan in July 2016 as part of the Fondo Innovazione Teconologica program implemented by the Italian Ministry of Education.