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Debt (Tables)
6 Months Ended
Jun. 30, 2014
Debt Disclosure [Abstract]  
Summary of Debt

Debt consisted of the following at June 30, 2014 and December 31, 2013:

 

(Table only in thousands)   June 30,
2014
    December 31,
2013
 

Outstanding borrowings under Credit Facility (defined below). Term loan payable in quarterly principal installments of $1.2 million through September 2016, $1.5 million through September 2017, and $1.9 million thereafter with balance due upon maturity in August 2018.

   

- Term loan

  $ 58,424      $ 63,781   

- U.S. Dollar revolving loans

    20,000        22,000   

- Multi-currency revolving loans

    —         —    

- Unamortized debt discount

    (1,713     (1,918
 

 

 

   

 

 

 

Total outstanding borrowings under Credit Facility

    76,711        83,863   

Outstanding borrowings under Canadian dollar-denominated Flextor Facility (defined below)

    —         —    

Outstanding borrowings (U.S. dollar equivalent) under Aarding Facility (defined below)

    2,233        4,909   

Outstanding borrowings (U.S. dollar equivalent) under Euro-denominated note payable to a bank, payable in quarterly installments of €25 ($34 as of June 30, 2014), plus interest, at a fixed rate of 3.82%, maturing January 2016. Collateralized by the Heerenveen, Netherlands building.

    239        310   
 

 

 

   

 

 

 

Total outstanding borrowings

  $ 79,183      $ 89,082   

Less: current portion

    7,013        9,922   
 

 

 

   

 

 

 

Total debt, less current portion

  $ 72,170      $ 79,160