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Long-Term Debt and Short-Term Debt (Tables)
3 Months Ended
Mar. 31, 2015
Debt Disclosure [Abstract]  
Summary of Long-Term Debt and Short-Term Debt

Long-term debt and short-term debt at March 31, 2015 and December 31, 2014 consisted of the following:

 

     March 31,
2015
     December 31,
2014
 

Borrowings under our $350,000 Term Loan B bearing interest at the greater of 1% or 3 month LIBOR (0.27% at March 31, 2015) plus an applicable margin of 5.00% at March 31, 2015 expiring August 29, 2021, net of discount of $4,807.

   $ 335,817       $ 340,005   

Borrowings under our $100,000 ABL Revolver bearing interest at a floating rate equal to LIBOR (0.18% at March 31, 2015) plus an applicable margin of 1.75% at March 31, 2015 expiring August 29, 2019.

     12,000         —     

French Safeguard obligations

     2,269         2,560   

Brazilian lines of credit and equipment notes

     5,049         5,304   

Chinese line of credit

     3,108         2,317   
  

 

 

    

 

 

 

Total debt

  358,243      350,186   

Less current maturities of long-term debt

  23,248      22,160   
  

 

 

    

 

 

 

Long-term debt, excluding current maturities of long-term debt

$ 334,995    $ 328,026