Debt consisted of the following at March 31, 2015 and December 31, 2014:


(Table only in thousands)	March 31, 2015			December 31, 2014
Outstanding borrowings under Credit Facility (defined below). Term loan payable in quarterly principal installments of $2.2 million through September 2016, $2.8 million through September 2017, and $3.3 million thereafter with balance due upon maturity in August 2018.
- Term loan	$	87,881		$	90,072
- U.S. Dollar revolving loans		24,000			24,000
- Multi-currency revolving loans		—			—
- Unamortized debt discount		(1,674	)		(1,796	)

Total outstanding borrowings under Credit Facility		110,207			112,276
Outstanding borrowings (U.S. dollar equivalent) under Aarding Facility (defined below)		2,589			—
Outstanding borrowings (U.S. dollar equivalent) under Euro-denominated note payable to a bank, payable in quarterly installments of €25 ($27 as of March 31, 2015), plus interest, at a fixed rate of 3.82%, maturing January 2016. Collateralized by the Heerenveen, Netherlands building.		109			152

Total outstanding borrowings		112,905			112,428
Less: current portion		11,463			8,887

Total debt, less current portion	$	101,442		$	103,541