Debt (Tables)

9 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

Amounts borrowed under credit agreement

The following amounts were borrowed under the credit agreement:

Borrowing proceeds on August 7, 2014	Currency Borrowed		US Dollars
US Term Loan	$	50,000	$	50,000
US Revolving Note	C$	15,000		13,695
Europe Term Loan	€	20,000		26,730

Summary of Company's Debt

The following table summarizes the Company’s debt at September 30, 2014 and at December 31, 2013.

	September 30, 2014						December 31, 2013
	Interest Rate			Principal Balance			Principal Balance
Credit Agreement:
US Term Loan		1.98	%	$	50,000		$	—
Europe Term Loan		1.81	%		25,267			—
US Revolving Note		3.00	%		13,419			—
Prior Credit Agreements:
US Term Note					—			24,500
Europe Term Note					—			38,899
W.E.T. Term Note					—			10,920
DEG Loan		4.25	%		5,053			5,561
Capital leases		4.20	%		1,053			2,440
Total debt					94,792			82,320
Current portion					(4,816	)		(21,439	)
Long-term debt, less current maturities				$	89,976		$	60,881

Principal Maturities of Debt

The scheduled principal maturities of our debt as of September 30, 2014 is as follows:

Year	US Term Loan		Europe Term Loan		U.S. Revolving Note		DEG Loan		Capital Leases		Total
2014	$	625	$	316	$	—	$	—	$	395	$	1,336
2015		2,500		1,263		—		1,011		658		5,432
2016		2,812		1,421		—		1,011		—		5,244
2017		3,750		1,895		—		1,011		—		6,656
2018		4,063		2,053		—		1,011		—		7,127
2019		36,250		18,319		13,419		1,009		—		68,997
Total	$	50,000	$	25,267	$	13,419	$	5,053	$	1,053	$	94,792