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Commitments

12 Months Ended

Dec. 31, 2013

Commitments and Contingencies Disclosure [Abstract]

Lease commitments under non-cancelable operating leases extending for one year or more will require the following future payments:



	(Dollars in thousands)
2014	$	1,761
2015	396
2016	149
2017	134
2018	112
After 2018	—

Total lease and rental expenses under non-cancelable operating leases extending one year or more approximated $2.4 million in 2011, $3.2 million in 2012 and $2.6 million in 2013.

We were parties to contracts with ConocoPhillips through December 2013 for the supply of petroleum needle coke, our primary raw material used in the manufacture of graphite electrodes. That contract has expired and we intend to source the majority of our petroleum needle coke internally in 2014. We believe that our internal sourcing supplemented by external sourcing will be sufficient for our requirements as currently forecast. Our supply agreements contain customary terms and conditions including annual price negotiations, dispute resolution and termination provisions.

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

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