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H. NOTES PAYABLE AND LONG-TERM DEBT (Tables)
12 Months Ended
Dec. 31, 2016
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):

 

 

 

 

 

 

 

 

 

 

 

December 31, 

 

 

 

2016

    

2015

 

 

 

 

 

 

 

 

 

Revolving line of credit with a U.S. bank up to $25,000 with interest at LIBOR plus 2%, maturing June 30, 2018

 

$

 —

 

$

23,000

 

Term loan with a U.S. bank with monthly payments of principal and interest at LIBOR plus 2%, maturing July 31, 2019

 

 

2,925

  

 

4,150

 

Term loan with a U.S. bank with monthly payments of principal and interest at LIBOR plus 2%, maturing June 30, 2020

 

 

9,500

  

 

2,000

 

Term loan with a U.S. bank with monthly payments of principal and interest at LIBOR plus 2%, maturing January 26, 2022

 

 

21,670

  

 

8,588

 

Revolving line of credit with a Taiwan bank up to $10,333 with interest based on the bank's corporate interest rate index+ 1.5%, or 1.7%, matured on November 30, 2016

 

 

 —

  

 

2,588

 

Revolving line of credit with a Taiwan bank up to $6,600 with interest at Taiwan deposit index plus 0.41% or LIBOR plus 1.7%, maturing on February 6, 2017

 

 

 —

  

 

4,475

 

Revolving line of credit with a Taiwan bank up to $6,000 with interest at Taiwan Time Deposit Interest Rate Index plus 1% or LIBOR plus 1%, matured on November 27, 2016

 

 

 —

  

 

3,407

 

Revolving line of credit with the Taiwan branch of a China bank up to $10,000 with interest at LIBOR plus 1.5% or Taiwan Interbank Offered Rate plus 0.9%, maturing March 15, 2017

 

 

 —

  

 

9,418

 

Notes payable to a finance company due in monthly installments with 4.5% interest, maturing May 27, 2018 and June 30, 2018

 

 

2,919

  

 

4,851

 

Notes payable to a finance company due in monthly installments with 4% interest, maturing March 31, 2019

 

 

5,812

  

 

 —

 

Revolving line of credit with a China bank up to $13,300 with interest of 3.15% for 3-month term

 

 

 —

  

 

2,428

 

Total

 

 

42,826

  

 

64,905

 

Less current portion

 

 

(7,865)

  

 

(30,908)

 

Non-current portion

 

$

34,961

 

$

33,997

 

 

 

 

 

 

 

 

Bank Acceptance Notes Payable

    

 

    

 

 

Bank acceptance notes issued to vendors with a zero percent interest rate, a 30% guarantee deposit of $638, and maturity dates ranging from January 2017 to March 2017

 

307

 

2,998

 

 

Maturities of notes payable and long-term debt

 

Maturities of notes payable and long-term debt are as follows for the future years ending December 31(in thousands):

 

 

 

 

 

 

2017

    

$

7,865

 

2018

 

 

8,200

 

2019

 

 

5,034

 

2020

 

 

2,681

 

2021

 

 

700

 

2022 thereafter

 

 

18,346

 

Total outstanding

 

$

42,826