XML 60 R15.htm IDEA: XBRL DOCUMENT v2.4.0.6
Long-term debt
3 Months Ended
Mar. 31, 2013
Debt Disclosure [Abstract]  
Long-term debt

Note 9—Long-term debt:

 

     December 31,
2012
     March 31,
2013
 
     (In thousands)  

Subsidiary debt:

     

CompX note payable to TIMET Finance Management Company

   $ 18,480       $ 18,230   

Less current maturities

     1,000         1,000   
  

 

 

    

 

 

 

Total long-term debt

   $ 17,480       $ 17,230   
  

 

 

    

 

 

 

The average interest rate on the promissory note payable to TIMET Finance Management Company as of and for the three-month period ended March 31, 2013 was 1.3%.

During the first three months of 2013, we had no borrowings under our promissory note with Valhi, and at March 31, 2013, the full $40 million was available for borrowing under this facility.