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Debt (Summary Of Debt Instruments) (Detail)
1 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended
Mar. 13, 2012
Jun. 30, 2012
USD ($)
Dec. 31, 2011
USD ($)
Jun. 30, 2012
Russian Fuel Card Company [Member]
USD ($)
Jun. 30, 2012
Minimum [Member]
Eurodollar Rate [Member]
Jun. 30, 2012
Maximum [Member]
Eurodollar Rate [Member]
Jun. 30, 2012
Term Note Payable-Domestic, June 22, 2011 [Member]
USD ($)
Jun. 30, 2012
Term Note Payable-Domestic, June 22, 2011 [Member]
GBP (£)
Jun. 22, 2012
Term Note Payable-Domestic, June 22, 2011 [Member]
USD ($)
Jun. 30, 2012
Term Note Payable-Domestic, June 22, 2011 [Member]
Line of Credit [Member]
USD ($)
Jun. 30, 2012
Term Note Payable-Domestic, June 22, 2011 [Member]
Swing Line Loans [Member]
USD ($)
Jun. 30, 2012
Term Note Payable-Domestic, June 22, 2011 [Member]
Minimum [Member]
Jun. 30, 2012
Term Note Payable-Domestic, June 22, 2011 [Member]
Maximum [Member]
Jun. 30, 2012
Amended And Restated [Member]
Swing Line Loans [Member]
USD ($)
Jun. 30, 2012
Commercial Paper [Member]
Debt [Line Items]                              
Term note payable   $ 285,000,000 [1] $ 292,500,000 [1]       $ 20,000,000   $ 300,000,000            
Revolving line of credit-domestic   85,000,000 [1] 125,000,000 [1]                        
Swing line of credit - foreign   28,111,000 [1]                          
Other debt   17,712,000 [2] 1,283,000 [2]                        
Total notes payable and other obligations   415,823,000 418,783,000                        
Securitization facility   325,000,000 [3] 280,000,000 [3]                        
Total notes payable, credit agreements and Securitization Facility   740,823,000 698,783,000                        
Current portion   454,873,000 420,354,000                        
Long-term portion   285,950,000 278,429,000                        
Revolving line of credit             20,000,000   600,000,000 20,000,000 20,000,000     110,000,000  
United Kingdom entities as designated borrowers Two                            
Interest on the line of credit, sum of rate plus         1.25% 2.25%           0.25% 1.25%    
Principal payment due             Jun. 01, 2016 Jun. 01, 2016              
Principal payments on term loan               7,500,000              
Current purchase limit under the securitization facility   500,000,000                          
Securitization facility termination date   Feb. 04, 2013                          
Program fee rate                             0.28%
Program fee variable rate                             0.75%
Unused facility fee payable rate   0.35%                          
Deferred payment   11,300,000   11.3                      
Contingent earn-out payment   4.9                          
Deferred debt issuance costs   $ 6,300,000                          
[1] The Company entered into a $300 million term loan and a $600 million revolving line of credit on June 22, 2011. The revolving line of credit contains a $20 million sublimit for letters of credit, a $20 million sublimit for swing line loans and a sublimit for multicurrency borrowings in Euros, Sterling and Japanese Yen. Proceeds from this new credit facility were used to retire the Company's indebtedness under its 2005 Credit Facility and CCS Credit Facility, as described below. On March 13, 2012, the Company entered into the first amendment to the Credit Agreement. This Amendment added two United Kingdom entities as designated borrowers and added a $110 million foreign currency swing line of credit sub facility under the existing revolver, which allows for alternate currency borrowing on the swing line. Interest ranges from the sum of the Base Rate plus 0.25% to 1.25% or the Eurodollar Rate plus 1.25% to 2.25%. The term note is payable in quarterly installments and is due on the last business day of each March, June, September, and December with the final principal payment due in June 2016. Borrowings on the revolving line of credit are repayable at our option of one, two, three or six months after borrowing, depending on the term of the borrowing on the facility. Borrowings on the foreign swing line of credit are due no later than ten business days after such loan is made. This facility is referred to as the Credit Facility. Principal payments of $7.5 million were made on the term loan during the six months ended June 30, 2012.
[2] In connection with the Company's acquisition of a Russian fuel card company, there is a final payment of $11.3 million due on December 15, 2013. The Company also is party to another acquisition agreement that includes contingent earn-out payments of $4.9 million, which is payable in three installments in December 2012, November 2013 and May 2016.
[3] The Company is party to a receivables purchase agreement (Securitization Facility) that was amended and restated for the fourth time as of October 29, 2007 and which has been amended seven times since then to add or remove purchasers, extend the facility termination date and remove all financial covenants. The current purchase limit under the Securitization Facility is $500 million. The Securitization Facility was amended for the seventh time on February 6, 2012 to add a new purchaser and extend the facility termination date to February 4, 2013. There is a program fee equal to the Commercial Paper Rate of 0.28%, plus 0.75% as of June 30, 2012. The unused facility fee is payable at a rate of 0.35% per annum as of June 30, 2012. The Securitization Facility provides for certain termination events, which includes nonpayment, upon the occurrence of which the administrator may declare the facility termination date to have occurred, may exercise certain enforcement rights with respect to the receivables, and may appoint a successor servicer, among other things.