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CREDIT AGREEMENTS (Tables)

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Schedule of U.S. Credit Agreement

Selected details of our credit agreements as of and for the years ended December 31, 2013 and 2012 were as follows (dollars in thousands):


		As of December 31,
		2013⁽¹⁾				2012⁽²⁾
Credit Agreements:
Credit facility remaining availability⁽⁴⁾		$	70,000			$	—
Credit facility borrowings		$	—			$	80,000
Outstanding letters of credit⁽³⁾		$	12,318			$	6,981
Availability of additional letters of credit⁽⁴⁾		$	7,682			$	—
Average daily revolving credit borrowings for the year ended		$	219			$	219
Weighted average annual interest rate			5.25	%			5.25	%
Commitment fee rate			0.25	%			0.25	%
Letter of credit fee rate			0.75	%			0.50	%

(1)	Details reflect terms under our existing Credit Agreement which was entered into December 30, 2013, except for our outstanding letters of credit.

(2)	Details reflect terms under the original credit agreement which was replaced with our existing Credit Agreement, except for our outstanding letters of credit.

(3)	Represents letters of credit which are fully collateralized with $12.6 million and $7.4 million of restricted cash as of December 31, 2013 and 2012, respectively.

(4)	The letters of credit sublimit of $20.0 million under our existing Credit Agreement is part of, not in addition to, the $70.0 million aggregate commitments.