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Debt | 9 Months Ended
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Sep. 30, 2025
Debt Disclosure [Abstract] |
Debt | NOTE 8 – Debt Borrowings outstanding as of September 30, 2025 and December 31, 2024 are set forth in the table below:
|  | September 30, |  |  | December 31, |  |  |  |  | Current Amount
Description |  | 2025 |  |  | 2024 | Interest Rate |  | Maturity
Short-term debt |  | $ | 33,167 |  |  | $ | 31,429 |  |  | Various indices plus margin |  | Various during next 12 months
Long-term debt |  |  |  |  |  |  |  |  |  |
Notes payable to Bank of Taiwan |  |  | 1,570 |  |  |  | 1,593 |  |  | 2-yr deposit rate floating plus 0.1148% |  | June 2033
Notes payable to Bank of Taiwan |  |  | 3,275 |  |  |  | 3,052 |  |  | 2-yr deposit rate floating plus 0.082% |  | September 2026
Notes payable to CTBC Bank |  |  | 3,275 |  |  |  | 3,052 |  |  | TAIBOR 3M plus 0.5% |  | March 2027
Notes payable to CTBC Bank |  |  | 3,275 |  |  |  | - |  |  | TAIBOR 3M plus 0.5% |  | April 2027
Notes payable to CTBC Bank |  |  | 11,908 |  |  |  | 11,606 |  |  | TAIBOR 3M plus 0.5% |  | May 2028
Notes payable to E Sun Bank |  |  | 114 |  |  |  | 148 |  |  | 1-M deposit rate floating plus 0.08% |  | July 2027
Notes payable to E Sun Bank |  |  | 995 |  |  |  | 1,064 |  |  | 1-M deposit rate floating plus 0.08% |  | July 2030
Notes payable to E Sun Bank |  |  | 115 |  |  |  | 144 |  |  | 1-M time deposit rate plus 1.4% |  | October 2027
Notes payable to Taishin Bank |  |  | 328 |  |  |  | - |  |  | 3-M deposit rate floating plus 0.25% |  | January 2027
Total long-term debt |  |  | 24,855 |  |  |  | 20,659 |  |  |  |  |
Less: Current portion of long-term debt |  |  | (4,758 | ) |  |  | (1,096 | ) |  |  |  |
Total long-term debt, net of current portion |  | $ | 20,097 |  |  | $ | 19,563 |  |  |  |  |
Short-term debt Our Asia subsidiaries maintain credit facilities with several financial institutions through our foreign entities worldwide totaling $148.9 million. Other than two Taiwanese credit facilities that are collateralized by assets, our foreign credit lines are unsecured, uncommitted and contain no restrictive covenants. These credit facilities bear interest at the Taipei Interbank Offered Rate (or similar indices) plus a specified margin. Interest payments are due monthly on outstanding amounts under the credit lines. The unused and available credit under the various facilities as of September 30, 2025, was approximately $115.3 million, net of $33.2 million advanced under our foreign credit lines and $0.4 million credit used for import and export guarantee. Long-term debt The Company maintains a long-term credit facility (“Credit Agreement”). The Credit Agreement consists of a Revolving Credit Facility in the amount of $225.0 million, including a swing line sublimit equal to the lesser of $50.0 million and the Revolving Credit Facility, a letter of credit sublimit equal to the lesser of $100.0 million and the Revolving Credit Facility, and an alternative currency sublimit equal to the lesser of $40.0 million and the Revolving Credit Facility. The Company has the option to increase the Credit Facility and/or incur Incremental Term Loans in an aggregate principal amount of up to $350.0 million. There was no outstanding balance at September 30, 2025.

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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/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef 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