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Long-Term Debt | 9 Months Ended
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Sep. 30, 2013
Long-Term Debt [Abstract] |
Long-Term Debt | NOTE 6. LONG-TERM DEBT Long-term debt, net as of September 30, 2013 and December 31, 2012, was as follows:
|  | September 30, 2013 |  | December 31, 2012
Revolving credit facilities (a) |  | $ | 14,439 |  | $ | 20,000
Foreign credit facilities (b) |  |  | 4,806 |  |  | 3,995
5% Senior Subordinated Notes due 2017 (refer to Note 15) |  |  | 16,847 |  |  | 15,992
Capital leases |  |  | 61 |  |  | 119
Term notes (c) |  |  | 9,895 |  |  | 382
|  |  | 46,048 |  |  | 40,488
Less current portion |  |  | (5,959) |  |  | (4,059)
|  | $ | 40,089 |  | $ | 36,429
(a) | As of September 30, 2013, the Company had drawn down $14,439 on a $30,000 revolving credit facility with Zions First National Bank (the “Lender”). On March 8, 2013, the Company entered into a new amended and restated loan agreement (the “Loan Agreement”) to refinance the line of credit with a new maturity date of March 8, 2016. Under the Loan Agreement, the Company has a $30,000 Revolving Line of Credit for funding general corporate needs. The Loan Agreement also provides for an Acquisition Facility which allows the Company to borrow up to $10,000 to fund permitted acquisitions. Advances less than $1,000 will not be permitted and only interest will be payable monthly for 12 months following each advance. Subsequent to 12 months of each advance, monthly payments of interest and principal will be made based on a five year amortization. Advances under the Acquisition Facility are available through March 8, 2016, with all principal and interest due six years from the date of each advance, but no later than March 8, 2021.
The long-term debt agreements contain certain restrictive debt covenants that require the Company and its subsidiaries to maintain a minimum trailing 12-month earnings before interest, taxes, depreciation, and amortization, a positive amount of asset coverage, a minimum net worth, and a fixed charge coverage ratio. At September 30, 2013, the Company was in compliance with all associated covenants.
(b) | The Company’s foreign subsidiaries have revolving credit facilities with various financial institutions. The Company had $1,411 and $1,488 in letters of credit as of September 30, 2013 and December 31, 2012, respectively.
(c) | The Loan Agreement also provides for a Term Facility pursuant to which the Lender has made available $15,000 for funding permanent working capital, of which $10,000 was used upon the close of the Loan Agreement to reduce amounts owed on the already existing revolving credit facility. The remaining $5,000 is available to fund existing term debt of foreign subsidiaries or to reduce the Revolving Line of Credit Facility. The Term Facility is due and payable in monthly payments of principal and interest based on a 10-year amortization from March 8, 2013 and is adjusted monthly based on new advances. Advances under the Term Facility are available through March 8, 2016, with the all principal and interest due March 8, 2023. Other various term loans are payable to financial institutions and a government entity with interest rates ranging from 2.00% to 5.50% and monthly installments ranging from $0 to $3. The notes mature between October 2013 and January 2016 and are secured by equipment.

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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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