Long-Term Debt and Short-Term Debt (Tables)

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Summary of Long-Term Debt and Short-Term Debt

Long-term debt and short-term debt at June 30, 2016 and December 31, 2015 consisted of the following:

	June 30, 2016		Restated December 31, 2015
Borrowings under our $575.0 million Senior Secured Term Loan B bearing interest the greater of 1% or 3 month LIBOR (0.65% at June 30, 2016) plus an applicable margin of 4.75% at June 30, 2016, expiring October 19, 2022, net of debt issuance costs of $19.5 million at June 30, 2016 and $20.6 million at December 31, 2015.	$	551,227	$	552,957
Borrowings under our $100.0 million Senior Secured Revolver bearing interest at LIBOR (0.44% at June 30, 2016) plus an applicable margin of 3.50% at June 30, 2016, expiring October 19, 2020, net of debt issuance costs of $2.6 million at June 30, 2016 and $2.9 million at December 31, 2015.		20,083		3,547
Borrowings under our $250.0 million Senior Notes bearing interest at 10.25%, maturing on November 1, 2020, net of debt issuance costs of $5.4 million at June 30, 2016 and $5.9 million at December 31, 2015.		244,573		244,088
French Safeguard Obligations (Autocam)		493		2,000
Brazilian lines of credit and equipment notes (Autocam)		798		826
Chinese line of credit (Autocam)		3,576		3,696
Total debt		820,750		807,114
Less current maturities of long-term debt		19,537		11,714
Long-term debt, excluding current maturities of long-term debt	$	801,213	$	795,400

Schedule of Debt Restated for Adoption of New Accounting Standard

The debt issuance costs were reclassified from other non-current assets and directly applied to the associated liability.

	Audited December 31, 2015		ASU 2015-13 Reclass			Restated December 31, 2015
Borrowings under our $575.0 million Senior Secured Term Loan B	$	562,580	$	(9,623	)	$	552,957
Borrowings under our $100.0 million Senior Secured Revolver		6,462		(2,915	)		3,547
Borrowings under our $250.0 million Senior Notes		244,509		(421	)		244,088
French Safeguard Obligations (Autocam)		2,000					2,000
Brazilian lines of credit and equipment notes (Autocam)		826					826
Chinese line of credit (Autocam)		3,696					3,696
Total debt		820,073					807,114
Less current maturities of long-term debt		11,714					11,714
Long-term debt, excluding current maturities of long-term debt	$	808,359				$	795,400