Debt

6 Months Ended

Jun. 30, 2011

Debt

Debt

7. Debt

The Company has revolving lines of credit with different banks in the United States and Europe. The Company’s primary credit facility, a revolving line of credit with $200.0 million in available credit, charges interest at LIBOR plus 0.27% (at June 30, 2011, LIBOR plus 0.27% was 0.46%), expires in October 2012, and has commitment fees payable at the annual rate of 0.08% on the unused portion of the facility. Other revolving credit lines, with combined available credit of $4.9 million at June 30, 2011, charge interest ranging from 2.4% to 3.7% and have various maturity dates. There were no outstanding balances at June 30, 2011 and 2010, and December 31, 2010, and the Company was in compliance with its financial covenants at June 30, 2011.