Annual report pursuant to Section 13 and 15(d)

Long-term Debt (Tables)

v3.20.4
Long-term Debt (Tables)
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
(in thousands) 2020 2019
$100 million Revolving line of credit, due December 20, 2021
$ 49,037  $ 59,221 
$20 million Term loan, due February 1, 2024
$ 11,458  $ 12,333 
Current portion of long-term debt $ 875  $ 4,000 
Total long-term debt $ 61,370  $ 75,554 
Schedule of Maturities of Long-term Debt
Principal payments on long-term debt during the next five fiscal years and thereafter are as follows (in thousands):
2021(1)
53,037 
2022 4,000 
2023 4,000 
2024 333 
2025 — 
Thereafter — 
(1)The amounts in the table above do not include the effects of the Company's debt refinance. The Company's new revolving credit facility includes a $17.5 million machinery and equipment sub-limit which requires repayments of $0.4 million quarterly starting in July 2021 with a balloon payment due upon maturity of the credit facility in 2025.