XML 76 R49.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Long-Term Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Debt Disclosure [Abstract] |
Summary of Long-Term Debt | Long-term debt is summarized as follows:
| December 31 |  |
In thousands |  | 2016 |  |  |  |  | 2015 |  |
Revolving credit facility, due Mar. 2020 | $ | 61,595 |  |  |  | $ | 58,792 |  |
5.375% Notes, due Oct. 2020 |  | 250,000 |  |  |  |  | 250,000 |  |
2.40% Term Loan, due Jun. 2022 |  | 8,282 |  |  |  |  | 10,109 |  |
2.05% Term Loan, due Mar. 2023 |  | 35,163 |  |  |  |  | 42,130 |  |
1.30% Term Loan, due Jun. 2023 |  | 9,788 |  |  |  |  | - |  |
1.55% Term Loan, due Sep. 2025 |  | 10,333 |  |  |  |  | 2,839 |  |
Total long-term debt |  | 375,161 |  |  |  |  | 363,870 |  |
Less current portion |  | (8,961 | ) |  |  |  | (7,366 | ) |
Unamortized deferred issuance costs |  | (2,553 | ) |  |  |  | (3,208 | ) |
Long-term debt, net of current portion | $ | 363,647 |  |  |  | $ | 353,296 |  |
Summary of Debts Borrowed by Subsidiary | Glatfelter Gernsbach GmbH & Co. KG (“Gernsbach”), a wholly-owned subsidiary of ours, entered into a series of borrowing agreements with IKB Deutsche Industriebank AG, Düsseldorf (“IKB”) as summarized below:
Amounts in thousands | Original Principal |  |  |  | Interest Rate |  |  |  | Maturity
Borrowing date |  |  |  |  |  |  |  |  |  |  |
Apr. 11, 2013 | € | 42,700 |  |  |  |  | 2.05 | % |  |  | Mar. 2023
Sep. 4, 2014 |  | 10,000 |  |  |  |  | 2.40 | % |  |  | Jun. 2022
Oct. 10, 2015 |  | 2,608 |  |  |  |  | 1.55 | % |  |  | Sep. 2025
May 4, 2016 |  | 7,195 |  |  |  |  | 1.55 | % |  |  | Sep. 2025
Apr. 26, 2016 |  | 10,000 |  |  |  |  | 1.30 | % |  |  | Jun. 2023
Amortization of Term Loan Agreements Together with Maturities of Other Long-term Debt | The following schedule sets forth the amortization of our term loan agreements together with the maturity of our other long-term debt during the indicated year.
In thousands |  |  |  |
2017 | $ | 8,961 |  |
2018 |  | 9,930 |  |
2019 |  | 9,930 |  |
2020 |  | 321,525 |  |
2021 |  | 9,930 |  |
Thereafter |  | 14,885 |  |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + 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 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 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration