Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

ong-term debt consists of the following (annualized rates, dollars in millions):

	December 31, 2014			December 31, 2013
Senior Revolving Credit Facility due 2018, interest payable monthly at 1.69% and quarterly at 2.00%, respectively	$	350.0		$	120.0
Loan with Japanese bank due 2015 through 2018, interest payable quarterly at 2.01% and 2.00%, respectively (1)	235.9			273.7
2.625% Notes, Series B (net of discount of $14.7 million and $21.7 million, respectively) (2)	342.2			335.2
Loan with Hong Kong bank, interest payable weekly at 1.92% and 1.91%, respectively (4)	35.0			40.0
Loan with Philippine bank due 2015 through 2019, interest payable monthly and quarterly at an average rate of 2.37% and 2.16%, respectively (6)	54.2			39.2
Loan with Chinese bank due 2014, interest payable quarterly at 3.34% (7)	—			7.0
Loan with Singapore bank, interest payable weekly at 1.42% and 1.94%, respectively (4)	20.0			15.0
Loan with British finance company, interest payable monthly at 1.57% (4)	—			0.2
U.S. real estate mortgages payable monthly through 2019 at an average rate of 3.35% and 4.86%, respectively (5)	54.8			28.1
U.S. equipment financing payable monthly through 2016 at 2.94% (3)	4.8			9.5
Canada equipment financing payable monthly through 2017 at 3.81% (3)	4.2			5.9
Canada revolving line of credit, interest payable quarterly at 1.84% and 1.84%, respectively (7)	15.0			15.0
Malaysia revolving line of credit, interest payable quarterly at 1.71% (7)	25.0			—
Vietnam revolving line of credit, interest payable quarterly and annually at an average rate of 1.87% (7)	10.7			—
Capital lease obligations	40.8			53.4
Long-term debt, including current maturities	1,192.6			942.2
Less: Current maturities	(209.6		)	(181.6		)
Long-term debt	$	983.0		$	760.6

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(1) This loan represents SCI LLC's non-collateralized loan with SMBC, which is guaranteed by the Company. See additional information below under the heading "Note Payable to SMBC."

(2) The 2.625% Notes, Series B may be put back to the Company at the option of the holders of the notes on December 15 of 2016 and 2021 or called at the option of the Company on or after December 20, 2016.

(3) Debt arrangement collateralized by equipment.

(4) Debt arrangement collateralized by accounts receivable.

(5) Debt arrangement collateralized by real estate, including certain of our facilities in Oregon and Idaho.

(6) $15.0 million non-collateralized and $39.2 million collateralized by equipment and $15.0 million collateralized and $24.2 million collateralized by equipment, respectively.

(7) Non-collateralized debt arrangement.

Schedule of Annual Maturities Relating to Long-Term Debt

Annual maturities relating to the Company’s long-term debt as of December 31, 2014 are as follows (in millions):

	Annual Maturities
2015	209.6
2016	426.5
2017	53.3
2018	482.9
2019	35.0
Thereafter	—
Total	$	1,207.3

Schedule of Long-term Debt Instruments, Summary of Exchanges

The 2.625% Notes, Series B are fully and unconditionally guaranteed on an non-collateralized senior subordinated basis by certain existing domestic subsidiaries of the Company (dollars in millions):

	For the years ended December 31,
	2013			2012
Exchange date	March 22, 2013			September 4, 2012
Principal value of 2.625% Notes	$	60.0		$	99.9
Principal value of 2.625% Notes, Series B	$	58.5		$	99.9
Cash consideration	$	—		$	2.0
Capitalized exchange expenses (1)	$	0.1		$	0.6
Effective interest rate	4.70		%	4.40		%

(1)     Represents exchange expenses capitalized as debt issuance costs that are amortized using the effective

interest method through the first put date of December 15, 2016.