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Debt (Tables) | 12 Months Ended
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Dec. 31, 2015
Summary of Long-Term Debt and Short-Term Debt | Long-term debt and short-term debt at December 31, 2015 and December 31, 2014 consisted of the following:
|  | December 31, 2015 |  |  | December 31, 2014 |
Borrowings under our $575.0 million Senior Secured Term Loan B bearing interest the greater of 1% or 3 month LIBOR (0.61270% at December 31, 2015) plus an applicable margin of 4.75% at December 31, 2015, expiring October 19, 2022, net of discount of $11.0 million. |  | $ | 562,580 |  |  | $ | — |
Borrowings under our $100.0 million Senior Secured Revolver bearing interest at LIBOR (0.4239% at December 31, 2015) plus an applicable margin of 3.50% at December 31, 2015, expiring October 19, 2020. |  |  | 6,462 |  |  |  | — |
Borrowings under our $250.0 million Senior Notes bearing interest at 10.25%, maturing on November 1, 2020, net of discount of $5.5 million. |  |  | 244,509 |  |  |  | — |
Borrowings under our $350.0 Term Loan B bearing interest at the greater of 1% or 3 month LIBOR (0.2560% at December 31, 2014) plus an applicable margin of 5.00% at December 31, 2014, expiring August 29, 2019 net of discount of $5.0 million. |  |  | — |  |  |  | 340,005 |
Borrowings under our $100.0 million ABL Revolver bearing interest at a floating rate equal to LIBOR (0.17125% at December 31, 2014) plus an applicable margin of 1.75% at December 31, 2014, expiring August 29, 2019. |  |  | — |  |  |  | — |
French Safeguard Obligations (Autocam) |  |  | 2,000 |  |  |  | 2,560 |
Brazilian lines of credit and equipment notes (Autocam) |  |  | 826 |  |  |  | 5,304 |
Chinese line of credit (Autocam) |  |  | 3,696 |  |  |  | 2,317 |
Total debt |  |  | 820,073 |  |  |  | 350,186 |
Less current maturities of long-term debt |  |  | 11,714 |  |  |  | 22,160 |
Long-term debt, excluding current maturities of long-term debt |  | $ | 808,359 |  |  | $ | 328,026 |
Aggregate Maturities of Long-Term Debt Including Current Portion | The aggregate maturities of long-term debt including current portion for each of the five years subsequent to December 31, 2015 are as follows:
Year ending December 31, |
2016 |  | $ | 11,714 |
2017 |  |  | 6,426 |
2018 |  |  | 6,426 |
2019 |  |  | 6,418 |
2020 |  |  | 255,259 |
Thereafter |  |  | 533,830 |
Total |  | $ | 820,073 |
Minimum Future Lease Payments Under Both Capital Leases and Assumed Capital Leases Together with Present Value of Net Minimum Lease Payments | Below are the aggregate minimum future lease payments under both capital leases together with the present value of the net minimum lease payments as of December 31, 2015:
Year ending December 31, |
2016 |  | $ | 460 |
2017 |  |  | 460 |
2018 |  |  | 460 |
2019 |  |  | 460 |
2020 |  |  | 460 |
Thereafter |  |  | 2,893 |
Total minimum lease payments |  |  | 5,193 |
Less interest included in payments above |  |  | (1,935 | )
Present value of minimum lease payments |  | $ | 3,258 |
Autocam [Member] |
Minimum Future Lease Payments Under Both Capital Leases and Assumed Capital Leases Together with Present Value of Net Minimum Lease Payments | Below are the minimum future lease payments under the assumed capital leases together with the present value of the net minimum lease payments as of December 31, 2015:
Year ending December 31, |
2016 |  | $ | 4,498 |
2017 |  |  | 3,536 |
2018 |  |  | 2,539 |
2019 |  |  | 817 |
2020 |  |  | — |
Thereafter |  |  | — |
Total minimum lease payments |  |  | 11,390 |
Less interest included in payments above |  |  | (979 | )
Present value of minimum lease payments |  | $ | 10,411 |

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- Definition Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6455398&loc=d3e45280-112737 + Details
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- 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
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