XML 91 R73.htm IDEA: XBRL DOCUMENT v3.3.1.900
Long-Term Debt and Related Matters (Narrative) (Details)
£ in Thousands, $ in Thousands
12 Months Ended
Mar. 13, 2015
USD ($)
Dec. 31, 2015
GBP (£)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Sep. 23, 2014
USD ($)
Line of Credit Facility [Line Items]          
Line of Credit Facility, Interest Rate Description Borrowings under the Amended Credit Agreement will bear interest at rates based upon either the base rate or Euro-rate plus applicable margins. Applicable margins are dictated by the ratio of L.B. Foster's indebtedness less consolidated cash on hand to L.B. Foster's consolidated EBITDA, as defined in the underlying Amended Credit Agreement. The base rate is the highest of (a) PNC Bank's prime rate, (b) the Federal Funds Rate plus 0.50% or (c) the daily Euro-rate (as defined in the Amended Credit Agreement) plus 1.00%. The base rate and Euro-rate spreads range from 0.00% to 1.50% and 1.00% to 2.50%, respectively.        
Line of Credit Facility, Covenant Terms The Amended Credit Agreement includes two financial covenants: (a) Leverage Ratio, defined as L.B. Foster's Indebtedness less consolidated cash on hand, in excess of $15,000, divided by L.B. Foster's consolidated EBITDA, which must not exceed 3.25 to 1.00 and (b) Minimum Interest Coverage, defined as consolidated EBITDA less Capital Expenditures divided by consolidated interest expense, which must be no less than 3.00 to 1.00.        
Line of Credit Facility, Dividend Restrictions The Amended Credit Agreement permits L.B. Foster to pay dividends, distributions, and make redemptions with respect to its stock provided no event of default or potential default (as defined in the Amended Credit Agreement) has occurred prior to or after giving effect to the dividend, distribution, or redemption. Dividends, distributions, and redemptions are capped at $25,000 per year when funds are drawn on the facility. If no drawings on the facility exist, dividends, distributions, and redemptions in excess of $25,000 per year are subjected to a limitation of $75,000 in the aggregate over the life of the facility. The $75,000 aggregate limitation also permits certain loans, investments, and acquisitions.        
Line of Credit Facility, Amount Outstanding     $ 165,000 $ 24,200  
Letter of Credit [Member]          
Line of Credit Facility [Line Items]          
Line of Credit Facility, Amount Outstanding     526 425  
PNC Bank, N.A., Bank of America, N.A., Wells Fargo Bank, N.A. and Citizens Bank of Pennsylvania [Member] | Revolving Credit Facility [Member]          
Line of Credit Facility [Line Items]          
Line of Credit Facility, Covenant Compliance   At December 31, 2015, the Company was in compliance with the Amended Credit Agreement's covenants      
PNC Bank, N.A., Bank of America, N.A., Wells Fargo Bank, N.A. and Citizens Bank of Pennsylvania [Member] | Prior Revolving Credit Facility [Member]          
Line of Credit Facility [Line Items]          
Line of Credit Facility, Maximum Borrowing Capacity         $ 200,000
Line of Credit Facility, Amount Outstanding       24,200  
Line of Credit Facility, Current Borrowing Capacity       175,375  
PNC Bank, N.A., Bank of America, N.A., Wells Fargo Bank, N.A., Citizens Bank of Pennsylvania, and Branch Banking and Trust Company [Member] | Revolving Credit Facility [Member]          
Line of Credit Facility [Line Items]          
Line of Credit Facility, Initiation Date Mar. 13, 2015        
Line of Credit Facility, Maximum Borrowing Capacity $ 335,000        
Debt Instrument, Term 5 years        
Line of Credit Facility, Provision for Increase in Capacity $ 100,000        
Line of Credit Facility, Amount Outstanding     165,000    
Line of Credit Facility, Current Borrowing Capacity     169,474    
PNC Bank, N.A., Bank of America, N.A., Wells Fargo Bank, N.A., Citizens Bank of Pennsylvania, and Branch Banking and Trust Company [Member] | Revolving Credit Facility Available To Canadian Borrowers [Member]          
Line of Credit Facility [Line Items]          
Line of Credit Facility, Maximum Borrowing Capacity $ 25,000        
NatWest Bank [Member] | Foreign Line of Credit [Member]          
Line of Credit Facility [Line Items]          
Line of Credit Facility, Maximum Borrowing Capacity   £ 1,500 2,210    
Line of Credit Facility, Description   A subsidiary of the Company has a credit facility with NatWest Bank for its United Kingdom operations which includes an overdraft availability of £1,500 pounds sterling (approximately $2,210 at December 31, 2015). This credit facility supports the United Kingdom's working capital requirements and is collateralized by substantially all of the assets of its United Kingdom operations      
Line of Credit Facility, Interest Rate Description   . The interest rate on this facility is the financial institution's base rate plus 1.50%.      
Line of Credit Facility, Covenant Terms   The United Kingdom loan agreements contain certain financial covenants that require that subsidiary to maintain senior interest and cash flow coverage ratios. The subsidiary was in compliance with these financial covenants at December 31, 2015 and 2014.      
Line of Credit Facility, Amount Outstanding     0    
Line of Credit Facility, Current Borrowing Capacity     2,194 $ 2,337  
Line of Credit Facility, Collateral   This credit facility supports the United Kingdom's working capital requirements and is collateralized by substantially all of the assets of its United Kingdom operations.      
NatWest Bank Outstanding Guarantees [Member] | Foreign Line of Credit [Member]          
Line of Credit Facility [Line Items]          
Line of Credit Facility, Amount Outstanding     $ 16