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Senior debt (Tables)
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Summary of Debt

Debt consisted of the following at December 31, 2015 and 2014:

 

(Table only in thousands)

 

December 31,

2015

 

 

December 31,

2014

 

Outstanding borrowings under Credit Facility (defined below).

   Term loan payable in quarterly principal installments of $3.2

   million through September 2017, $4.3 million through

   September 2018, and $5.3 million thereafter with balance

   due upon maturity in September 2020.

 

 

 

 

 

 

 

 

– Term loan

 

$

166,813

 

 

$

90,072

 

– U.S. Dollar revolving loans

 

 

8,000

 

 

 

24,000

 

– Multi-currency revolving loans

 

 

 

 

 

 

– Unamortized debt discount

 

 

(4,229

)

 

 

(2,368

)

Total outstanding borrowings under Credit Facility

 

 

170,584

 

 

 

111,704

 

Outstanding borrowings (U.S. dollar equivalent) under

   China Facility (defined below)

 

 

1,391

 

 

 

 

Outstanding borrowings (U.S. dollar equivalent) under

   Aarding Facility (defined below)

 

 

5,326

 

 

 

 

Outstanding borrowings (U.S. dollar equivalent) under

   Euro-denominated note payable to a bank, payable in

   quarterly installments of €25,000 ($27,000 as of

   December 31, 2015), plus interest, at a fixed rate of 3.82%,

   maturing January 2016. Collateralized by the Heerenveen,

   Netherlands building.

 

 

27

 

 

 

152

 

Total outstanding borrowings

 

$

177,328

 

 

$

111,856

 

Less: current portion

 

 

19,494

 

 

 

8,887

 

Total debt, less current portion

 

$

157,834

 

 

$

102,969