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LONG-TERM DEBT | 12 Months Ended
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Dec. 31, 2013
LONG-TERM DEBT [Abstract] |
LONG-TERM DEBT |
6. | LONG-TERM DEBT
The Company (through a subsidiary) has an outstanding Bond financing with the Development Authority of Jefferson, Georgia (the “Authority”). The Bonds were issued by the Authority and purchased by GE Government Finance Inc., and mature on October 1, 2018. The proceeds from the Bond were used to finance capital equipment purchased for the Company’s distribution facility located in Jefferson, Georgia. The purchase and installation of the equipment for the facility was completed by December 31, 2011. Pursuant to the transaction, the Company transferred to the Authority, for consideration consisting of the Bond proceeds, ownership of the equipment and the Authority leased the equipment to the Company’s subsidiary pursuant to a capital equipment lease expiring October 1, 2018. Under the capital equipment lease, the Company has the right to acquire ownership of the equipment at any time for a purchase price sufficient to pay off all principal and interest on the Bonds, plus $1.00. As of December 31, 2013, there was $4.1 million outstanding against this financing facility. Long-term debt consists of (in millions):
|  | December 31, |
|  | 2013 |  |  | 2012 |
Warehouse capitalized equipment lease |  | $ | 4.1 |  |  | $ | 5.9 |
Other capitalized equipment lease |  |  | 1.3 |  |  |  | 2.3 |
Subtotal |  |  | 5.4 |  |  |  | 8.2 |
Less: current portion |  |  | 2.5 |  |  |  | 2.8 |
|  | $ | 2.9 |  |  | $ | 5.4 |
The aggregate maturities of long-term debt outstanding at December 31, 2013 are as follows (in millions):
|  | 2014 |  |  | 2015 |  |  | 2016 |  |  | 2017 |  |  | 2018 |
Maturities |  | $ | 2.5 |  |  | $ | 2.2 |  |  | $ | 0.6 |  |  | $ | 0.1 |  |  | $ | - |

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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