XML 26 R38.htm IDEA: XBRL DOCUMENT v2.4.0.8
Credit Agreements (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 0 Months Ended 1 Months Ended 3 Months Ended 6 Months Ended 6 Months Ended 5 Months Ended
May 02, 2013
Feb. 11, 2013
May 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2012
Jun. 30, 2013
Base rate [Member]
Jun. 30, 2013
Adjusted LIBOR rate [Member]
Jun. 30, 2013
LIBOR Floor Rate [Member]
Feb. 09, 2012
Tranche A term loan [Member]
Feb. 09, 2012
Tranche B term loan [Member]
Jun. 30, 2013
Revolving credit facility [Member]
Feb. 09, 2012
Revolving credit facility [Member]
Jun. 30, 2013
Term Loan [Member]
May 31, 2013
Term Loan [Member]
Dec. 31, 2012
Term Loan [Member]
May 30, 2012
Term Loan [Member]
Jun. 30, 2013
Term Loan [Member]
Base rate [Member]
Jun. 30, 2013
Term Loan [Member]
Adjusted LIBOR rate [Member]
Jun. 30, 2013
Term Loan [Member]
LIBOR Floor Rate [Member]
May 31, 2013
ABL revolving credit facility [Member]
May 30, 2012
ABL revolving credit facility [Member]
Jun. 30, 2013
ABL revolving credit facility [Member]
Base rate [Member]
Jun. 30, 2013
ABL revolving credit facility [Member]
Adjusted LIBOR rate [Member]
Jun. 30, 2013
ABL facility [Member]
Dec. 31, 2012
ABL facility [Member]
Jun. 30, 2013
Other lines of credit, as described below [Member]
Dec. 31, 2012
Other lines of credit, as described below [Member]
Short-term borrowings [Abstract]                                                            
Short-term borrowings       $ 24,047   $ 24,047   $ 12,550                                     $ 0 $ 0 $ 24,047 $ 12,550
Long-term debt [Abstract]                                                            
Discount on debt       (13,671)   (13,671)   (16,482)                                            
Long-term debt ,gross       1,186,329   1,186,329   881,268               1,200,000   897,750                        
Less current portion of debt       9,000   9,000   82,250                                            
Total       1,177,329   1,177,329   799,018                                            
Maximum borrowing capacity                       325,000 250,000   150,000   1,200,000   900,000         150,000            
Uncommitted incremental term loan facility                                 300,000   125,000       50,000              
Cash dividend (in dollars per share)     $ 6 $ 5.00 $ 6.00 $ 5.00 $ 6.00                                              
Covenant description           The New ABL Credit Agreement requires the Borrower to maintain a minimum consolidated fixed charge coverage ratio of 1.0x, tested on a quarterly basis, when Availability plus the amount of Qualified Cash (up to $5,000) (as defined in the New ABL Credit Agreement) under the ABL Facility is less than the greater of (i) 10.0% of the Line Cap (as defined in the New ABL Credit Agreement) and (ii) $10,000. The New ABL Credit Agreement also contains covenants and events of default substantially similar to those in the New Term Loan Credit Agreement, as described above. As of June 30, 2013, no amounts were outstanding under the ABL Facility.                                                
Percentage of term loan amortization (in hundredths)           0.25%                                                
Prepayment of Debt 30,000 80,000                                                        
Basis spread on variable rate (in hundredths)                 4.00% 5.00% 1.25%                 1.75% 2.75% 0.75%     1.00% 2.00%        
Basis spread on variable rate in second quarter of 2014 if net debt leverage ratio falls below 3.00 to 1.00 (in hundredths)                                       1.50% 2.50%                  
Fixed charge coverage ratio in multiple                                             1.0x              
Qualified Cash                                             5,000              
Percentage of aggregate commitments (in hundredths)                                             10.00%              
Amount availability under agreements as per covenants                                             10,000              
Line of credit facility amount available                                             146,468              
Fees paid to creditors as a debt discount                           13,797                                
New debt issuance cost                           21,546                                
Transaction fees                           7,100                                
Write-off of unamortized debt issuance costs and original issue discount $ 924 $ 1,839                       $ 5,473