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Debt
9 Months Ended
Sep. 30, 2015
Debt Disclosure [Abstract]  
Debt
Debt
As of September 30, 2015, we had short-term borrowings of $18.0 million with interest rates ranging from 0.9 percent to 2.7 percent. The borrowings were primarily from our credit agreements with various banks in the United States, Europe and Japan. As of September 30, 2015, our remaining borrowing capacity under all credit agreements, after consideration of amounts outstanding, was $12.6 million. We are in compliance with our covenant requirements as of September 30, 2015 except for covenants related to our Japan Credit Agreement. See Note 17 - Subsequent Events for further information on our Japan Credit Agreement.
As of September 30, 2015, we maintained a credit agreement entered into in 2006 as amended (the Credit Agreement) and a credit agreement entered into in 2013 with a lender in Japan (the Japan Credit Agreement). Both credit agreements are described in Note 11 - Debt of our Annual Report on Form 10-K for the year ended December 31, 2014. In order to reduce borrowing costs, the maximum amount of borrowings under the Credit Agreement was reduced at the Company's request from $170 million to $100 million on May 28, 2015. The new limit does not impact our borrowing capacity as our borrowing availability under the Credit Agreement is under $100 million. The new sublimits are $80 million in the United States and $20 million in Europe.