Debt Arrangements	6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]
Debt Arrangements	NOTE P – DEBT ARRANGEMENTS On March 13, 2018, the Company extended the term on its $65 million credit facility from June 30, 2019 to June 30, 2021. All other terms remain the same, including the interest rate at LIBOR plus 1.125% unless its funded debt to Earnings before Interest, Taxes and Depreciation ratio exceeds 2.25 to 1, at which point the LIBOR spread becomes 1.500%. At June 30, 2019, the Company’s Polish subsidiary had borrowed $2.2 million U.S. dollars at a rate of 1.125% plus the Warsaw Interbank Offer Rate with a term expiring June 30, 2021. At June 30, 2019, the Company’s Australian subsidiary had borrowed $6.3 million U.S. dollars, also with a term expiring June 30, 2021. At June 30, 2019, the interest rates on the U.S., Polish and Australian line of credit agreement were 3.523%, 2.765% and 2.515%, respectively. Under the credit facility, at June 30, 2019, the Company had utilized $38.1 million with $26.9 million available under the line of credit, net of long-term outstanding letters of credit. The line of credit agreement contains, among other provisions, requirements for maintaining levels of net worth and profitability. At June 30, 2019, the Company was in compliance with these covenants. On February 28, 2019, the Company acquired SubCon Electrical Fittings GmbH (“SubCon”), headquartered in Dornbirn, Austria. The Company’s Austrian subsidiary has a line of credit with a term expiration of May 31, 2020 with the option to renew for an additional twelve months indefinitely. At June 30, 2019, the Company’s Austrian subsidiary had borrowed its full capacity on the line of credit at $1.0 million euros, or $1.1 million U.S. dollars, at an interest rate of 1.200%. On April 25, 2019, the Company borrowed $8.0 million U.S. dollars on behalf of its Indonesian subsidiary at a rate of 3.501% with a term expiring on April 30, 2024. At June 30, 2019, $7.9 million was outstanding on this debt facility, of which $.8 million is classified as current. For both periods ended June 30, 2019 and December 31, 2018, the Company’s Asia Pacific segment had $.3 million in restricted cash used to secure bank debt. The restricted cash is shown on the balance sheet in Other assets.

Debt Arrangements

6 Months Ended

Jun. 30, 2019

NOTE P – DEBT ARRANGEMENTS

On March 13, 2018, the Company extended the term on its $65 million credit facility from June 30, 2019 to June 30, 2021. All other terms remain the same, including the interest rate at LIBOR plus 1.125% unless its funded debt to Earnings before Interest, Taxes and Depreciation ratio exceeds 2.25 to 1, at which point the LIBOR spread becomes 1.500%. At June 30, 2019, the Company’s Polish subsidiary had borrowed $2.2 million U.S. dollars at a rate of 1.125% plus the Warsaw Interbank Offer Rate with a term expiring June 30, 2021. At June 30, 2019, the Company’s Australian subsidiary had borrowed $6.3 million U.S. dollars, also with a term expiring June 30, 2021. At June 30, 2019, the interest rates on the U.S., Polish and Australian line of credit agreement were 3.523%, 2.765% and 2.515%, respectively. Under the credit facility, at June 30, 2019, the Company had utilized $38.1 million with $26.9 million available under the line of credit, net of long-term outstanding letters of credit. The line of credit agreement contains, among other provisions, requirements for maintaining levels of net worth and profitability. At June 30, 2019, the Company was in compliance with these covenants.

On February 28, 2019, the Company acquired SubCon Electrical Fittings GmbH (“SubCon”), headquartered in Dornbirn, Austria. The Company’s Austrian subsidiary has a line of credit with a term expiration of May 31, 2020 with the option to renew for an additional twelve months indefinitely. At June 30, 2019, the Company’s Austrian subsidiary had borrowed its full capacity on the line of credit at $1.0 million euros, or $1.1 million U.S. dollars, at an interest rate of 1.200%.

On April 25, 2019, the Company borrowed $8.0 million U.S. dollars on behalf of its Indonesian subsidiary at a rate of 3.501% with a term expiring on April 30, 2024. At June 30, 2019, $7.9 million was outstanding on this debt facility, of which $.8 million is classified as current.

For both periods ended June 30, 2019 and December 31, 2018, the Company’s Asia Pacific segment had $.3 million in restricted cash used to secure bank debt. The restricted cash is shown on the balance sheet in Other assets.