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Debt (Tables)
12 Months Ended
Dec. 31, 2013
Debt  
Schedule of maturity of long-term debt

Long-term debt matures as follows (in thousands):

 

2014

 

$

290

 

2015

 

314

 

2016

 

340

 

2017

 

368

 

2018

 

398

 

Thereafter

 

427

 

 

 

2,137

 

Less current portion

 

290

 

 

 

$

1,847

 

Schedule of components of interest expense recorded on the notes

The components of interest expense recorded on the notes were as follows (in thousands):

 

 

 

For the year ended

 

 

 

December 31,

 

 

 

2011

 

Contractual interest

 

$

2,025

 

Accretion of the discount on the notes

 

1,260

 

Total interest expense on the notes

 

$

3,285

 

Effective interest rate

 

6.7

%