Annual report pursuant to Section 13 and 15(d)

DEBT OBLIGATIONS (Tables)

v3.20.4
DEBT OBLIGATIONS (Tables)
 12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of debt obligations
The following table presents certain information regarding the Company's debt obligations:
December 31, 2020 December 31, 2019
Debt Obligation/Collateral Month Issued Outstanding Face Amount Carrying Value Final Stated Maturity Weighted Average Coupon Weighted Average Funding Cost (A) Weighted Average Life (Years) Face Amount of Floating Rate Debt Outstanding Face Amount Carrying Value
Credit Facilities and Finance Leases
Vineyard II
 Dec 1993 200  200  Dec 2043 3.09% 3.09  % 23.0 200  200  200 
Finance Leases (Equipment)
 July 2014 - Dec 2020 19,021  19,021  Jan 2021 - Jul 2026
3.00% to 15.00%
 6.72  % 3.5 —  19,079  19,079 
19,221  19,221  7.22  % 3.7 200  19,279  19,279 
Less current portion of obligations under finance leases
 6,470  6,470  6,154  6,154 
Credit facilities and obligations under finance leases - noncurrent
 12,751  12,751  13,125  13,125 
Corporate
Junior subordinated notes payable (B)
 Mar 2006 51,004  51,182  Apr 2035
3-mon LIBOR+2.25%
 2.44  % 14.3 51,004  51,004  51,192 
Total debt obligations
 $ 70,225  $ 70,403  4.99  % 12.1 $ 51,204  $ 70,283  $ 70,471 
Including the effect of deferred financing cost. (B)Collateral for this obligation is the Company's general credit.
Schedule of contractual maturities of debt obligations
The Company’s debt obligations have contractual maturities as follows:
Nonrecourse Recourse Total
2021 $ 1,153  $ —  $ 1,153 
2022 2,166  —  2,166 
2023 2,875  —  2,875 
2024 5,911  —  5,911 
2025 2,697  —  2,697 
Thereafter 4,419  51,004  55,423 
Total $ 19,221  $ 51,004  $ 70,225