Note 8. Debt

The Company’s debt at March 31, 2013 and December 31, 2012 is summarized as follows:


	March 31, 2013		December 31, 2012
Short-term borrowings	$	2,879	$	2,288

Long-term debt:
Credit Line, due 2013 ⁽¹⁾	$	85,000	$	112,000
Term Loan, denominated in U.S. dollars (“USD”), due 2013 ⁽²⁾		198,077		214,615
Term Loan, denominated in euros (“EUR”), due 2013 ⁽³⁾		19,245		29,718
Secured Mortgages ⁽⁴⁾		3,770		3,880
Capitalized leases and other long-term debt		14,804		6,659

Total long-term debt, including current maturities		320,896		366,872
Current maturities of long-term debt		303,067		357,145

Total long-term debt, less current maturities	$	17,829	$	9,727

(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, 2013, the applicable rate was 2.0%, and the weighted-average rate was 1.9% for the three-month period ended March 31, 2013.

(2)	The interest rate for this loan varies with prime, federal funds and/or LIBOR. At March 31, 2013, the applicable rate was 1.8%, and the weighted-average rate was 1.9% for the three-month period ended March 31, 2013.

(3)	The interest rate for this loan varies with LIBOR. At March 31, 2013, this rate was 2.1%, and the weighted-average rate was 2.1% for the three-month period ended March 31, 2013.

(4)	This amount consists of a fixed-rate commercial loan with an outstanding balance of €2,941 at March 31, 2013. The loan is secured by the Company’s facility in Bad Neustadt, Germany.