Note 8. Debt

The Company's debt at March 31, 2012 and December 31, 2011 is summarized as follows:


	March 31, 2012		December 31, 2011
Short-term debt	$	3,491	$	2,392

Long-term debt:
Credit Line, due 2013 ⁽¹⁾	$	86,000	$	72,000
Term Loan, denominated in U.S. dollars ("USD"), due 2013 ⁽²⁾		250,385		260,000
Term Loan, denominated in euros ("EUR"), due 2013 ⁽³⁾		48,081		50,596
Secured Mortgages ⁽ ⁴ ⁾		6,696		6,504
Capitalized leases and other long-term debt		9,796		12,333

Total long-term debt, including current maturities		400,958		401,433
Current maturities of long-term debt		86,317		75,300

Total long-term debt, less current maturities	$	314,641	$	326,133

(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, federal funds and/or the London Interbank offer rate ("LIBOR") for the applicable currency. At March 31, 2012, the applicable rate was 1.7% and averaged 1.5% for the three-month period ended March 31, 2012.

(2)	The interest rate for this loan varies with prime, federal funds and/or LIBOR. At March 31, 2012, the applicable rate was 1.8% and averaged 1.8% for the three-month period ended March 31, 2012.

(3)	The interest rate for this loan varies with LIBOR. At March 31, 2012, this rate was 1.9% and averaged 2.3% for the three-month period ended March 31, 2012.

(4)	This amount consists of two fixed-rate commercial loans with an outstanding balance of €5,019 at March 31, 2012. The loans are secured by the Company's facility in Bad Neustadt, Germany.