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Long-Term Debt and Short-Term Debt (Tables)
6 Months Ended
Jun. 30, 2015
Debt Disclosure [Abstract]  
Summary of Long-Term Debt and Short-Term Debt

Long-term debt and short-term debt at June 30, 2015 and December 31, 2014 consisted of the following:

 

     June 30,
2015
     December 31,
2014
 

Borrowings under our $350,000 Term Loan B bearing interest at the greater of 1% or 3 month LIBOR (0.283% at June 30, 2015) plus an applicable margin of 5.00% at June 30, 2015 expiring August 29, 2021, net of discount of $4,620.

   $ 331,630       $ 340,005   

Borrowings under our $100,000 ABL Revolver bearing interest at a floating rate equal to LIBOR (0.187% at June 30, 2015) plus an applicable margin of 1.75% at June 30, 2015 expiring August 29, 2019.

     17,000         —     

French Safeguard obligations

     2,362         2,560   

Brazilian lines of credit and equipment notes

     4,864         5,304   

Chinese line of credit

     3,427         2,317   
  

 

 

    

 

 

 

Total debt

     359,283         350,186   

Less current maturities of long-term debt

     23,345         22,160   
  

 

 

    

 

 

 

Long-term debt, excluding current maturities of long-term debt

   $ 335,938       $ 328,026