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Debt (Tables)
12 Months Ended
Dec. 31, 2012
Schedule Of Debt And Capital Lease Obligations

Debt as of December 31, 2012 and 2011 consists of the following:

 

      2012      2011  

Short-term debt

   $ 2,288         2,392   

Long-term debt:

     

Credit Line, due 2013(1)

   $ 112,000         72,000   

Term Loan denominated in U.S. dollars, due 2013(2)

     214,615         260,000   

Term Loan denominated in euros, due 2013(3)

     29,718         50,596   

Secured Mortgages(4)

     3,880         6,504   

Capitalized leases and other long-term debt

     6,659         12,333   

Total long-term debt, including current maturities

     366,872         401,433   

Current maturities of long-term debt

     357,145         75,300   

Long-term debt, less current maturities

   $ 9,727         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 December 31, 2012, the applicable rate was 2.0%, and the weighted-average rate was 1.9% for the twelve-month period ended December 31, 2012.

 

(2) The interest rate for this loan varies with prime, federal funds and/or LIBOR. At December 31, 2012, the applicable rate was 1.8%, and the weighted-average rate was 1.9% for the twelve-month period ended December 31, 2012.

 

(3) The interest rate for this loan varies with LIBOR. At December 31, 2012, the rate was 2.1%, and the weighted-average rate was 2.3% for the twelve-month period ended December 31, 2012.

 

(4) This amount consisted of two fixed-rate commercial loans as of December 31, 2011. One of these commercial loans was paid off in December 2012. The remaining commercial loan had an outstanding balance of €2,941 at December 31, 2012. The loan is secured by the Company’s facility in Bad Neustadt, Germany.