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Debt | 3 Months Ended
--- | ---
Mar. 31, 2017
Debt Disclosure [Abstract] |
Debt |
9. | Debt
Debt outstanding is summarized as follows:
| March 31, 2017 |  | December 31, 2016
Long-Term Debt: |  |  |
Credit facility borrowings | $ | 45,000 |  |  | $ | 36,143 |
Capital lease obligations | 46 |  |  | 51 |
Total Debt | 45,046 |  |  | 36,194 |
Less: Current Portion | (33 | ) |  | (3,459 | )
Long-Term Portion | $ | 45,013 |  |  | $ | 32,735 |
As of March 31, 2017, we had committed lines of credit totaling $125,000 and uncommitted credit facilities totaling $5,000. There were $45,000 in outstanding borrowings under our JPMorgan facility (described below) and no outstanding borrowings under our Prudential facility (described below) as of March 31, 2017. In addition, we had stand alone letters of credit and bank guarantees outstanding in the amount of $3,948. Commitment fees on unused lines of credit for the three months ended March 31, 2017 were $55. Our most restrictive covenants are part of our Amended and Restated Credit Agreement with JPMorgan (as defined below). These covenants require us to maintain an indebtedness to EBITDA ratio of not greater than 3.25 to 1 and to maintain an EBITDA to interest expense ratio of no less than 3.50 to 1 as of the end of each quarter. As of March 31, 2017, our indebtedness to EBITDA ratio was 0.64 to 1 and our EBITDA to interest expense ratio was 47.66 to 1. Credit Facilities JPMorgan Chase Bank, National Association Details regarding our Amended and Restated Credit Agreement, dated as of June 30, 2015, between us and JPMorgan Chase Bank, N.A. ("JPMorgan"), as administrative agent and collateral agent, U.S. Bank National Association, as syndication agent, and Wells Fargo Bank, National Association, as documentation agent, and the Lenders (including JPMorgan) from time to time party thereto (the "Amended and Restated Credit Agreement") are described in Note 9 of our annual report on Form 10-K for the year ended December 31, 2016. As of March 31, 2017, we were in compliance with all covenants under the Amended and Restated Credit Agreement. There were $45,000 in outstanding borrowings under this facility at March 31, 2017, with a weighted average interest rate of 1.86%. This facility, under the terms of the Amended and Restated Credit Agreement, expires on June 30, 2020. Prudential Investment Management, Inc. Details regarding our Private Shelf Agreement, dated as of July 29, 2009, and amended on May 5, 2011, July 24, 2012 and June 30, 2015, with Prudential Investment Management, Inc. ("Prudential") and Prudential affiliates from time to time party thereto are described in Note 9 of our annual report on Form 10-K for the year ended December 31, 2016. In March 2017, we repaid all obligations evidenced by the notes issued under our Private Shelf Agreement, as amended, in the amount of $11,143 and terminated the Note Agreement. HSBC Bank (China) Company Limited, Shanghai Branch On June 20, 2012, we entered into a banking facility with the HSBC Bank (China) Company Limited, Shanghai Branch in the amount of $5,000. As of March 31, 2017, there were no outstanding borrowings on this facility.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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