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Debt and Short-Term Borrowings (Tables)
 12 Months Ended
Dec. 31, 2013
Debt Disclosure [Abstract]  
Total Debt

Total debt was as follows:

 

     December 31,  
(Dollar amounts in thousands)    2013      2012  

Senior Secured Credit Facility (Term A) due on April 17, 2018 paying interest at a variable interest rate (LIBOR plus applicable margin (1))

    $ 292,153       $ —     

Senior Secured Credit Facility (Term B) due on April 17, 2020 paying interest at a variable interest rate (LIBOR plus applicable margin (2))

      392,527         —     

Senior Secured Revolving Credit Facility expiring on April 17, 2018 paying interest at a variable interest rate

      50,000         —     

Senior Secured Credit Facility due on September 30, 2016 paying interest at a variable interest rate (LIBOR plus applicable margin (3))

      —           484,414   

Senior Secured Revolving Credit Facility expiring on September 30, 2015 paying interest at a variable interest rate

      —           14,000   

Senior Notes due on October 1, 2018, paying interest semi-annually at a rate of 11% per annum

      —           252,347   

Other short-term borrowing

      1,200         12,995   
  

 

 

     

 

 

  

Total debt

    $ 735,880       $ 763,756   
  

 

 

     

 

 

  

 

(1)  Applicable margin of 2.50% at December 31, 2013.
(2)  Subject to a minimum rate (“LIBOR floor”) of 0.75% plus applicable margin of 2.75% at December 31, 2013.
(3)  Subject to a minimum rate (“LIBOR floor”) of 1.50% plus applicable margin of 4.00% at December 31, 2012.