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Long-term debt – The balances remaining as of December 31, consist of the following: 

<img src='content_image/11988.jpg'>

The credit facilities contain certain covenants and restrictions, which, among other matters, require the maintenance of certain financial ratios and attainment of certain financial results, and prohibit the payment of dividends. 

The aggregate maturities of long-term debt for future years ending December 31 are: 

<img src='content_image/11991.jpg'>

In July 2001, the Company entered into an interest rate swap agreement with a bank to hedge its interest exposure. The interest rate under the swap agreement, which expired November 30, 2004, was fixed at 6.8% and based on the notional amount, which was $2,292,000 at December 31, 2003. 

## Note 5 – Capital Lease Obligations 

Future minimum lease payments under capital lease agreements are summarized as follows: 

<img src='content_image/11989.jpg'>

At December 31, 2004, property under capital leases had a cost of $2,785,000, and the related accumulated depreciation amounted to $557,000. 

## Note 6 – Accrued Liabilities 

Accrued liabilities at December 31 were: 

<img src='content_image/11990.jpg'>

