Debt Obligations

3 Months Ended

Mar. 31, 2013

A summary of debt obligation activity for the three-month period ended March 31, 2013 is presented below:



(in thousands)	Revolving Credit Facilities			Other Debt Obligations			Capital Leases			3.5% Convertible Debentures Due 2025		Term Loan			Total
Balance at December 31, 2012	$	215,117		$	1,011		$	6,987		$	3,586	$	74,500		$	301,201
Increases (decreases):
Net additions (repayments)	(8,319		)	—			78			—		(1,500		)	(9,741		)
Capital lease interest	—			—			143			—		—			143
Foreign currency exchange (gain) loss	(380		)	3			(99		)	—		—			(476		)
Balance at March 31, 2013	206,418			1,014			7,109			3,586		73,000			291,127
Less — current maturities	—			(1,014		)	(2,438		)	—		(7,000		)	(10,452		)
Long-term obligations at March 31, 2013	$	206,418		$	—		$	4,671		$	3,586	$	66,000		$	280,675

The convertible debentures had a principal amount outstanding of $3.6 million as of March 31, 2013 and December 31, 2012. Interest expense, including contractual interest and discount accretion, which was fully amortized through October 15, 2012, was $31 thousand and $3.4 million for the three-month periods ended March 31, 2013 and 2012, respectively. The effective interest rate was 3.5% and 8.4% for the three-month periods ended March 31, 2013 and 2012, respectively.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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