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Long Term Note Receivable | 12 Months Ended
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Dec. 31, 2012
Accounts Receivable and Sales Concentrations/Long Term Note Receivable [Abstract] |
Long Term Note Receivable |
4) | Long Term Note Receivable
Certain property, plant and equipment of the Tempe Plant was sold on August 31, 2010, the day the Tempe Plant ceased operations, to a newly formed company not affiliated with NN in exchange for a promissory note. This note had an original face value of $2,500, a 60 month term, a 7% interest rate, interest only payments for 24 months, principal and interest payments totaling $40 per month for the next 36 months followed by a balloon payment of $1,525. On March 31, 2012, we accepted a $1,945 cash payment to settle the note and relieved the debtor of all future liability for the note. The estimated fair value and carrying value of note prior to the payment was $1,772.

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- Definition This disclosure specifically addresses a note receivable related the sale of certain property plant and equipment of our former temple plant sold on august 31, 2010. + References No definition available. + Details
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- Details
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