Note 7. Debt

The Company's debt at September 30, 2011 and December 31, 2010 is summarized as follows:


	September 30, 2011		December 31, 2010
Short-term debt	$	2,667	$	7,440

Long-term debt:
Credit Line, due 2013 ⁽¹⁾	$	119,000	$	—
Term Loan, denominated in U.S. dollars ("USD"), due 2013 ⁽²⁾		64,615		75,000
Term Loan, denominated in euros ("EUR"), due 2013 ⁽³⁾		56,283		65,250
Senior Subordinated Notes at 8%, due 2013 ⁽⁴⁾		—		125,000
Secured Mortgages ⁽⁵⁾		7,027		7,322
Capitalized leases and other long-term debt		7,545		7,898

Total long-term debt, including current maturities		254,470		280,470
Current maturities of long-term debt		35,873		29,788

Total long-term debt, less current maturities	$	218,597	$	250,682

(1)

The loans under this facility may be denominated in USD or several foreign currencies. The interest rates under the facility are based on prime and/or LIBOR for the applicable currency. At September 30, 2011, the applicable rate was 1.5% and averaged 1.9% for the nine-month period ended September 30, 2011.

(2)	The interest rate for this loan varies with prime and/or LIBOR. At September 30, 2011, the applicable rate was 1.8% and averaged 2.2% for the nine-month period ended September 30, 2011.

(3)	The interest rate for this loan varies with Euro LIBOR. At September 30, 2011, this rate was 2.8% and averaged 3.0% for the nine-month period ended September 30, 2011.

(4)	On May 2, 2011, the Company redeemed all $125.0 million in aggregate principal amount outstanding of its Senior Subordinated Notes at 8%, plus accrued and unpaid interest. As a result, the Company wrote off $834 of unamortized debt issue cost.

(5)	This amount consists of two fixed-rate commercial loans with an outstanding balance of €5,249 at September 30, 2011. The loans are secured by the Company's facility in Bad Neustadt, Germany.