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Subsequent Events
6 Months Ended
Jun. 30, 2014
Subsequent Events [Abstract]  
Subsequent Events

(16)  Subsequent Events

 

On August 1, 2014, the Company completed the sale of substantially all of the assets and liabilities of its Wiring business to Motherson for $71,400 in cash, which is subject to final working capital and other customary adjustments.

 

On August 1, 2014, the Company instructed the Trustee under the Indenture for the Company’s 9.5% senior secured notes to issue a notice of redemption of $17,500 (or 10.0%) of its senior secured notes at a premium of 103.0% of the principal amount which will result in a loss on redemption and acceleration of deferred financing costs and discount of approximately $800 in the third quarter of 2014.  The redemption date is set for September 2, 2014.