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Debt (Tables)
6 Months Ended
Jun. 30, 2015
Debt Disclosure [Abstract]  
Summary of Debt

Debt consisted of the following at June 30, 2015 and December 31, 2014:

 

(Table only in thousands)    June 30,
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

   $ 85,690       $ 90,072   

- U.S. Dollar revolving loans

     24,000         24,000   

- Multi-currency revolving loans

     —          —    

- Unamortized debt discount

     (1,551      (1,796
  

 

 

    

 

 

 

Total outstanding borrowings under Credit Facility

     108,139         112,276   

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

     3,469         —    

Outstanding borrowings (U.S. dollar equivalent) under Euro-denominated note payable to a bank, payable in quarterly installments of €25 ($28 as of June 30, 2015), plus interest, at a fixed rate of 3.82%, maturing January 2016. Collateralized by the Heerenveen, Netherlands building.

     82         152   
  

 

 

    

 

 

 

Total outstanding borrowings

     111,690         112,428   

Less: current portion

     12,317         8,887   
  

 

 

    

 

 

 

Total debt, less current portion

   $ 99,373       $ 103,541