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Long Term Debt | 12 Months Ended
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Dec. 31, 2012
Long Term Debt [Abstract] |
Long Term Debt | 9. Long-Term Debt The Company currently has debt pursuant to various credit facilities and other borrowings. The following tables summarize the Company's long-term debt arrangements as of December 31, 2012:
Facility or Arrangement(1) |  | Original Principal Amount |  | Balance as of December 31, 2011 |  | Balance as of December 31, 2012(2) |  | Interest Rate |  | Repayment terms
Multi-currency uncommitted shelf facility: |  |  |  |  |  |  |  |  |  |
U.S. dollar denominated: |  | $40.0 million |  | $28.6 million |  | $22.9 million |  | 6.2% |  | Notes due July 2016 with annual principal payments that began in July 2010.
|  | $20.0 million |  | $17.1 million |  | $14.3 million |  | 6.2% |  | Notes due January 2017 with annual principal payments that began in January 2011.
Japanese yen denominated: |  | 3.1 billion yen |  | 1.3 billion yen ($17.4 million as of December 31, 2011) |  | 0.9 billion yen ($10.2 million as of December 31, 2012) |  | 1.7% |  | Notes due April 2014 with annual principal payments that began in April 2008.
|  | 2.3 billion yen |  | 1.9 billion yen ($25.3 million as of December 31, 2011) |  | 1.6 billion yen ($18.7 million as of December 31, 2012) |  | 2.6% |  | Notes due September 2017 with annual principal payments that began in September 2011.
|  | 2.2 billion yen |  | 1.9 billion yen ($24.2 million as of December 31, 2011) |  | 1.6 billion yen ($17.9 million as of December 31, 2012) |  | 3.3% |  | Notes due January 2017 with annual principal payments that began in January 2011.
|  | 8.0 billion yen(3) |  | N/A |  | 8.0 billion yen ($92.0 million as of December 31, 2012) |  | 1.7% |  | Notes due May 2022 with annual principal payments that begin in May 2016.
Committed loan: |  |  |  |  |  |  |  |  |  |
U.S. dollar denominated: |  | $30.0 million |  | $24.0 million |  | $18.0 million |  | Variable 30 day: 1.21% |  | Amortizes at $0.5 million every 30 days.
Revolving credit facility(4) |  | N/A |  | None |  | None |  | N/A |  |
(1) | On May 25, 2012, the Company (a) entered into an amendment and restatement of its multi-currency uncommitted shelf facility to extend the termination date to May 25, 2015 and provide for the issuance of up to $150 million in additional senior promissory notes; (b) entered into an amendment and restatement of the Company's revolving credit facility to extend the termination date to May 9, 2014; and (c) terminated pledges and guarantees of its subsidiaries as security for the multi-currency uncommitted shelf facility, committed loan and revolving credit facility. The committed loan continues to be secured by deeds of trust with respect to the Company's corporate headquarters and distribution center in Provo, Utah.
(2) | The current portion of the Company's long-term debt (i.e. becoming due in the next 12 months) includes $12.4 million of the balance of its Japanese yen-denominated debt under the multi-currency uncommitted shelf facility, $8.6 million of the balance on its U.S. dollar denominated debt under the multi-currency uncommitted shelf facility and $18.0 million of the Company's committed loan.
(3) | On May 31, 2012, the Company issued a series of yen denominated senior promissory notes under the multi-currency uncommitted shelf facility with an aggregate principal amount of 8.0 billion yen.
(4) | On February 5, 2013, the Company entered into a second amendment of the amended and restated credit agreement. The amendment increased the commitment amount from $25.0 million to $100.0 million from February 2013 to February 2014, after which the commitment amount returns to the current level over a three-month period.
- 80 - NU SKIN ENTERPRISES, INC. Notes to Consolidated Financial Statements Interest expense relating to debt totaled $5.8 million, $4.8 million and $5.2 million for the years ended December 31, 2010, 2011 and 2012, respectively. The notes and shelf facility contain other terms and conditions and affirmative and negative financial covenants customary for credit facilities of this type, including a requirement to maintain a minimum cash balance of $65.0 million. As of December 31, 2012, the Company is in compliance with all financial covenants. Maturities of all long-term debt at December 31, 2012, based on the year-end exchange rate, are as follows (U.S. dollars in thousands):
Year Ending December 31, |  |  |
2013 |  | $ | 39,019 |
2014 |  |  | 21,019 |
2015 |  |  | 15,881 |
2016 |  |  | 29,026 |
2017 |  |  | 23,312 |
Thereafter |  |  | 65,725 |
Total |  | $ | 193,982 |

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 + Details
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