BORROWING ARRANGEMENTS

12 Months Ended

Dec. 31, 2011

BORROWING ARRANGEMENTS

BORROWING ARRANGEMENTS

Note 8    BORROWING ARRANGEMENTS

        Information with respect to the Company's debt and capital lease obligations as of December 31, 2011 and 2010 is shown in the following table:

		December 31, 2011		December 31, 2010
		(in thousands)
Various interest-bearing notes and term loans		$	4,599	$	3,967
Capital lease obligations			13		90
	Total	$	4,612	$	4,057
Less: current portion of long-term debt and capital lease obligations			—		(81	)
Long-term debt and capital lease obligations due after one year		$	4,612	$	3,976

        On March 15, 2006, the Company entered into a five-year asset-backed credit facility for up to $165.0 million (reduced to $125.0 million on November 6, 2009) with certain European lenders. Commitment fees and amortization of up-front fees paid related to the facility totaled $1.1 million and $1.2 million for the years ended December 31, 2010 and 2009, and are included in interest and other (expense) income, net, in the consolidated statements of operations. In November 2010, the Company repaid all the amounts outstanding under the facility and the Company terminated the facility agreement in December 2010.

        Long-term debt obligations of $4.6 million relates to an amount previously advanced from a foreign government which is repayable in 2015. The balance is being accreted on a monthly basis to the estimated repayment amount of $9.1 million in 2015.