v2.4.1.9

8. Notes Payable and Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2015

Debt Disclosure [Abstract]

Schedule of notes payable and long-term debt

Notes payable and long-term debt consisted of the following for the periods indicated (in thousands):

		March 31, 2015				December 31, 2014
Revolving line of credit with a U.S. bank up to $15,000 with interest at LIBOR plus 2.75%,  maturing July 15, 2017			15,000				15,000
Term loan with a U.S. bank with monthly payments of principal and interest at LIBOR plus 2.75%, maturing July 31, 2019			4,906				5,000
Revolving line of credit with a Taiwan bank up to $3,000 with interest based on the bank’s corporate interest rate index+ 1.5%, or 2.40% maturing on November 15, 2015			2,769				–
Revolving line of credit with a Taiwan bank up to $4,000 with interest at LIBOR plus 1.2% maturing on February 6, 2016			3,642				3,605
Revolving line of credit with a Taiwan bank up to $3,000 with interest at LIBOR plus 1.7% maturing on February 6, 2016			2,351				–
Revolving line of credit with a Taiwan bank up to $4,000 with interest at Taiwan Time Deposit Interest Rate Index plus 0.41% or LIBOR plus 1.28% maturing on November 27, 2015			3,572				3,536
Note payable to a finance company due in monthly installments with 4.95% interest, maturing July 30, 2015			255				443
Revolving line of credit with a China bank up to $3,200 with interest ranged from 0.76% to 1.66%, which mature in April and May 2015			2,557				1,064
Revolving line of credit with a China bank up to $7,200 with interest at 108% of China Prime rate, or 5.79%, maturing March 17, 2016			2,442				–
Total			37,494				28,648
Less current portion			(18,721	)			(9,591	)
Long term portion		$	18,773			$	19,057
Bank Acceptance Notes Payable
Bank acceptance notes issued to vendors with a zero percent interest rate, a 30% guarantee deposit of $434, and maturity dates ranging from April 2015 to September 2015			1,445				1,271

Maturities of notes payable and long-term debt

Maturities of notes payable and long-term debt are as follows for the future one-year periods ending March 31 (in thousands):

2016					18,721
2017					16,132
2018					1,132
2019 thereafter					1,509
Total outstanding				$	37,494

X

- Details

Name:	us-gaap_DebtDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 470

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601

+ Details

Name:	us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration