XML 40 R28.htm IDEA: XBRL DOCUMENT v3.5.0.2
Debt (Tables)
6 Months Ended
Jun. 30, 2016
Debt Disclosure [Abstract]  
Schedule of Debt
 
June 30, 2016
December 31, 2015
Debt classified as current liabilities:
 
 
Hancock County industrial revenue bonds ("IRBs") due 2028, interest payable quarterly (variable interest rates (not to exceed 12%)) (1)
$
7,815

$
7,815

Debt classified as non-current liabilities:
 
 
7.5% senior secured notes due June 1, 2021, net of debt discount of $2,516 and $2,722, respectively, interest payable semiannually
247,484

247,278

Total
$
255,299

$
255,093

(1)
The IRBs are classified as current liabilities because they are remarketed weekly and could be required to be repaid upon demand if there is a failed remarketing. The IRB interest rate at June 30, 2016 was 0.61%.
Schedule of Line of Credit Facilities
Status of our U.S. revolving credit facility:
 
June 30, 2016
Credit facility maximum amount
$
150,000

Borrowing availability
93,037

Outstanding letters of credit issued
54,005

Outstanding borrowings

Borrowing availability, net of outstanding letters of credit and borrowings
39,032

Status of our Iceland revolving credit facility:
 
June 30, 2016
Credit facility maximum amount
$
50,000

Borrowing availability
50,000

Outstanding borrowings

Borrowing availability, net of borrowings
50,000