DEBT

At December 31, 2014 and 2013, debt consisted of the following:



	December 31,
	2014		2013
Long-term debt
Capital leases due through 2019, interest at 0.3% to 8.0%	$	198	$	236
Other borrowings due through 2023, interest up to 18.0%	9,301		4,270
	9,499		4,506
Less current portion	7,011		715
Long-term debt, less current portion	2,488		3,791
Short-term debt
Amounts due banks, interest at 3.1% (11.3% in 2013)	61,155		14,581
Current portion long-term debt	7,011		715
Total short-term debt	68,166		15,296
Total debt	$	70,654	$	19,087

At December 31, 2014 and 2013, the fair value of long-term debt, including the current portion, was approximately $9,323 and $4,212, respectively, which was determined using available market information and methodologies requiring judgment. Since considerable judgment is required in interpreting market information, the fair value of the debt is not necessarily the amount which could be realized in a current market exchange.

Revolving Credit Agreement

The Company has a line of credit totaling $400,000 through the Amended and Restated Credit Agreement (the “Credit Agreement”), which was entered into on September 12, 2014. The Credit Agreement contains customary affirmative, negative and financial covenants for credit facilities of this type, including limitations on the Company and its subsidiaries with respect to liens, investments, distributions, mergers and acquisitions, dispositions of assets, transactions with affiliates and a fixed charges coverage ratio and total leverage ratio. As of December 31, 2014, the Company was in compliance with all of its covenants and had $50,000 in outstanding borrowings under the Credit Agreement, which was recorded in Amounts due banks. The Credit Agreement has a five-year term and may be increased, subject to certain conditions, by an additional amount up to $100,000. The interest rate on borrowings is based on either LIBOR or the prime rate, plus a spread based on the Company’s leverage ratio, at the Company’s election.

Short-term Borrowings

The Company's short-term borrowings included in Amounts due banks were $61,155 and $14,581 at December 31, 2014 and 2013, respectively. Amounts due banks included the outstanding borrowings under the Credit Agreement and the borrowings of foreign subsidiaries at weighted average interest rates of 3.1% and 11.3% at December 31, 2014 and 2013, respectively.

Capital Leases

At December 31, 2014 and 2013, $198 and $236 of capital lease indebtedness was secured by property, plant and equipment, respectively.

Other

Maturities of long-term debt, including payments under capital leases and amounts due banks, for the five years succeeding December 31, 2014 are $68,169 in 2015, $1,684 in 2016, $176 in 2017, $106 in 2018, $104 in 2019 and $416 thereafter. Total interest paid was $2,190 in 2014, $2,864 in 2013 and $4,423 in 2012. The primary difference between interest expense and interest paid in 2014 is due to an adjustment to the consideration expected to be paid to acquire additional ownership interests of a majority-owned subsidiary and the accretion of the related liability. The difference in 2012 is due to the amortization of gains on terminated interest rate swaps.