Quarterly report pursuant to Section 13 or 15(d)

Debt

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Debt
3 Months Ended
Mar. 31, 2016
Debt Disclosure [Abstract]  
Debt
DEBT
As of March 31, 2016, AFI had no outstanding long-term debt. As of December 31, 2015, outstanding long-term debt of $10.0 million consisted of a variable rate tax-exempt industrial development bond that financed the construction of a Wood Flooring plant in Somerset, Kentucky. During the first quarter of 2016, this bond was defeased by paying $10.1 million, including $0.1 million of accrued interest, to the trustee in anticipation of a planned redemption at the next interest payment date of April 1, 2016.
As of March 31, 2016, AFI had $0.7 million of letters of credit outstanding.