Accumulated amortization associated with property and equipment under capital leases was $285 and $129 at December 31, 2000 and 1999, respectively. At December 31, 2000, the Company had a $65.0 million line of credit agreement, under which $48.2 million was outstanding, with $44.0 million bearing interest at a weighted average IBOR interest rate of 8.97%, $4.2 million bearing interest at 9.0% and additional borrowing capacity under the line of credit of $16.8 million. The credit agreement expires on September 30, 2002 and is without collat- eral. It bears interest at rates related to IBOR or LIBOR plus 0.65% to 2.25% (8.74% at December 31, 2000), or at prime less 0.5% (9.0% at December 31, 2000). The line of credit agreement contains the following covenants; minimum debt service ratio, maximum funded debt to earnings before interest, taxes, depreciation and amortization (“EBITDA”), minimum tangible net worth and maximum funded debt to selected balance sheet items ratio. On October 5, 2000, the Company amended its line of credit agreement to eliminate the $10.0 million bridge loan commitment and increase the total commitment of the line of credit agreement to $65.0 million. The amendment also revised the maximum funded debt to EBITDA ratio to 3.65:1.0 on September 30, 2000 and December 31, 2000, to 3.50:1.0 on March 31, 2001, and to 3.25:1.0 until September 20, 2002. At December 31, 2000, the Company was in compliance with all covenants specified in the line of credit agreement, as amended. 6. Goodwill: 7. Note Payable to Financial Institution: 8. Long-Term Debt: December 31, 2000 1999 Industrial Development Bond, maturing on April 15,2010, issued in accordance with Internal  Revenue Code Section 144(a), variable interest (5.00% at December 31, 2000; and 4.19% at  December 31, 1999) payable monthly; annual principal payments of $250, collateralized by property  and equipment and guaranteed by an irrevocable letter of credit from a bank $ 2,500 $ 2,750 Senior Notes, maturing in November 15, 2007, due in annual payments of $5.o million beginning November 15, 2001, plus interest at 6.8% paid semi-annually, on May 15 and November 15,  without collateral 35,000 35,000 Series A Senior Notes, maturing on April 1, 2005, due in annual payments of $1.4 million beginning  April 1, 1999, plus interest at 6.63% paid semi-annually, on April 1 and October 1, without collateral 7,143 8,571 Series B Senior Notes, maturing on April 1, 2008, due in annual payments of $4.3 million beginning  April 1, 2002, plus interest at 6.91% paid semi-annually, on April 1 and October 1, without collateral 30,000 30,000 Other  445 891 Total long-term debt $ 75,088 $ 77,212 Amounts are displayed on the consolidated balance sheet as follows: Current portion of long-term debt $ 7,124 $ 2,124 Long-term debt, less current portion 67,964 75,088 $ 75,088 $ 77,212 2001 $ 7,124 2002 10,964 2003 10,964 2004 10,964 2005 10,964 Thereafter 24,108 $ 75,088 Northwest Pipe Company | 20 The Company is required to maintain certain financial ratios under its long-term debt agreements. As of December 31, 2000, the most restrictive of these was a requirement to maintain consolidated indebtedness at or below 58% of consolidated total capitalization. At December 31, 2000, the Company was in compliance with all financial ratios specified in its long-term debt agreements. Future principal payments are as follows: December 31, 2000 1999 Goodwill $ 23,717 $ 23,717 Less accumulated amortization 1,673 1,080 Goodwill, net $ 22,044 $ 22,637