XML 38 R31.htm IDEA: XBRL DOCUMENT v2.4.0.8
Debt (Tables)
9 Months Ended
Sep. 30, 2014
Debt Disclosure [Abstract]  
Summary of Debt

Debt consisted of the following at September 30, 2014 and December 31, 2013:

 

(Table only in thousands)    September 30,
2014
    December 31,
2013
 

Outstanding borrowings under Credit Facility (defined below). Term loan payable in quarterly principal installments of $1.2 million through September 2016, $1.5 million through September 2017, and $1.9 million thereafter with balance due upon maturity in August 2018.

    

- Term loan

   $ 57,263      $ 63,781   

- U.S. Dollar revolving loans

     25,000        22,000   

- Multi-currency revolving loans

     —         —    

- Unamortized debt discount

     (1,610     (1,918
  

 

 

   

 

 

 

Total outstanding borrowings under Credit Facility

     80,653        83,863   

Outstanding borrowings under Canadian dollar-denominated Flextor Facility (defined below)

     —         —    

Outstanding borrowings (U.S. dollar equivalent) under Aarding Facility (defined below)

     3,466        4,909   

Outstanding borrowings (U.S. dollar equivalent) under Euro-denominated note payable to a bank, payable in quarterly installments of €25 ($32 as of September 30, 2014), plus interest, at a fixed rate of 3.82%, maturing January 2016. Collateralized by the Heerenveen, Netherlands building.

     191        310   
  

 

 

   

 

 

 

Total outstanding borrowings

   $ 84,310      $ 89,082   

Less: current portion

     8,236        9,922   
  

 

 

   

 

 

 

Total debt, less current portion

   $ 76,074      $ 79,160