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Corporate Borrowings and Capital Lease Obligations (Tables)
 12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Debt consists of the following:
 
December 31,
 
2016
 
2015
Credit Agreement - Revolver, 2.45% (variable rate) due 2020
$
16,000

 
$
23,172

Credit Agreement - Fixed Asset Sub-Line term loan, 2.86% (variable rate) due 2020
5,253

 
6,254

Credit Agreement - term loan, 2.86% (variable rate) due 2020
13,000

 
—

Secured Promissory Note, 3.71% (variable rate) due 2022
2,324

 
2,670

Secured Promissory Note, 6.89% (variable rate), due 2016.
—

 
36

Capital Lease Obligation, 2.61%, due 2017
—

 
1,964

Unamortized loan fees(a)
(576
)
 
(636
)
Total
36,001

 
33,460

Less current maturities of long term debt
(4,359
)
 
(3,345
)
Long-term debt
$
31,642

 
$
30,115



(a) Loan fees are being amortized over the life of the Credit Agreement.
Offsetting Assets and Liabilities
The Bonds matured and the Lease expired December 1, 2016, and, accordingly, are no longer offset items at December 31, 2016.
 
 
(1)
 
(2)
 
(3) = (1) - (2)
 
 
Gross
Amounts of
Recognized
Assets
(Liabilities)
 
Gross
Amounts
offset in the
Balance Sheet
 
Net Amounts of
Assets (Liabilities)
presented in the
Balance Sheet
December 31, 2015:
 
 
 
 
 
 
Investment in bonds
 
$
7,000

 
$
7,000

 
$
0

 
Capital lease obligation
 
$
(7,000
)
 
$
(7,000
)
 
$
0

 
Contractual Obligation, Fiscal Year Maturity Schedule
Minimum annual payments and present values under existing debt maturities are as follows:
 
 
 
 
 
 
 
Year Ending
December 31,
 
Credit
Agreement
 
Long-Term
Debt
 
Total Debt
2017
 
$
—

 
$
358

 
$
358

2018
 
—

 
372

 
$
372

2019
 
—

 
386

 
$
386

2020
 
34,253

 
400

 
$
34,653

2021
 
—

 
416

 
$
416

Thereafter
 
—

 
392

 
$
392

Total
 
$
34,253

 
$
2,324

 
$
36,577

The following table provides information on all amounts and payments of the Company's contractual obligations/commitments at December 31, 2016:
 
Payments due by period
 
Total
 
Less than 1 year
 
1-3 years
 
4-5 years
 
More than 5 years
Long term debt
$
2,324

 
$
358

 
$
758

 
$
816

 
$
392

Interest on Long term debt
267

 
80

 
119

 
61

 
7

Operating leases
9,700

 
3,397

 
2,936

 
2,374

 
993

Post-employment benefit plan obligations
3,948

 
502

 
1,024

 
957

 
1,465

Purchase commitments
80,274

 
76,380

(a) 
3,634

 
260

 
—

Total
$
96,513

 
$
80,717

 
$
8,471

 
$
4,468

 
$
2,857

    
(a) Includes open purchase order commitments related to raw materials and packaging used in the ordinary course of business of $73,334.