Quarterly report pursuant to Section 13 or 15(d)

DEBT (Tables)

v3.22.1
DEBT (Tables)
3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Schedule of debt obligations
The following table presents certain information regarding the Company’s debt obligations at March 31, 2022 and December 31, 2021:
    March 31, 2022 December 31, 2021
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 1.79% 3.18  % 21.7 $ —  $ 200  $ 200 
Finance leases (Equipment) Jul 2014 - Mar 2022 13,853  13,853  Mar 2022 - Aug 2027
3.5% to 11.06%
5.77  % 3.4 —  14,275  14,275 
14,053  14,053  5.70  % 3.7 —  14,475  14,475 
Less current portion of obligations under finance leases 5,186  5,186  5,400  5,400 
Credit facilities and obligations under finance leases - noncurrent 8,867  8,867  9,075  9,075 
Corporate                  
Junior subordinated notes payable (B) Mar 2006 51,004  51,172  Apr 2035
 LIBOR+2.25%
3.18  % 13.09 51,004  51,004  51,174 
Total debt obligations   $ 65,057  $ 65,225        3.73  % 11.2 $ 51,004  $ 65,479  $ 65,649 
Including the effect of deferred financing costs. (B)Collateral for this obligation is the Company's general credit.