Debt	3 Months Ended
Mar. 31, 2013
Debt Disclosure [Abstract]
Debt	Debt We have a Revolving Credit and Security Agreement with PNC Bank, National Association (“PNC”). Subject to the terms and conditions of the agreement, PNC agreed to provide us with up to a $45.0 million revolving line of credit, including up to $10.0 million in letters of credit, subject to a borrowing base formula, lender reserves and PNC’s reasonable discretion, expiring on April 21, 2015 and bearing interest at either LIBOR or an alternative base rate, plus a margin that varies with borrowing availability. We must also pay a facility fee of 0.375% a year on the unused portion of the facility. The facility is guaranteed by Tecumseh Products Company and its U.S. and Canadian subsidiaries and is secured by substantially all of the assets of the borrowers, with some exclusions. The PNC agreement contains various covenants, including limitations on dividends, investments and additional indebtedness and liens, and a minimum fixed charge coverage ratio, which would apply only if average undrawn borrowing availability, as defined by the credit agreement, were to fall below a specified level. We are in compliance with all covenants and terms of the agreement at March 31, 2013. At March 31, 2013, our borrowings under the PNC facility totaled $10.1 million, and we have an additional $8.3 million of borrowing capacity under the borrowing base formula after giving effect to our fixed charge coverage ratio covenant and $3.4 million in outstanding letters of credit. In the U.S. we have $0.1 million outstanding in short term borrowings related to financing some of our insurance premiums, which will be paid in the second quarter of 2013. We have various borrowing arrangements at our foreign subsidiaries to support working capital needs and government sponsored borrowings which provide advantageous lending rates. Our European business has an overdraft line with an available balance at March 31, 2013 of $0.3 million. None of the available balance was utilized at March 31, 2013. In Brazil, as of March 31, 2013, we have uncommitted, discretionary line of credit facilities with several local private Brazilian banks (some of which are sponsored by the Brazilian government) for an aggregate maximum of $41.3 million, subject to a borrowing base formula computed on a monthly basis. These credit facilities are secured by a portion of our accounts receivable and inventory balances and expire at various times from April 1, 2013 through January 15, 2020. Historically we have been able to enter into replacement facilities when these facilities expire, but such replacements are at the discretion of the banks. Lenders determine, at their discretion, whether to make new advances with respect to each draw on such facilities. Our facility that expired in April 2013 has been replaced with a new line of credit facility in the second quarter of 2013. There are no restrictive covenants on these credit facilities. Our borrowings under the revolving credit facilities in Brazil, at March 31, 2013, totaled $33.3 million, with an additional $8.0 million available for borrowing, based on our accounts receivable and inventory at that date. In India, we have revolving credit facilities which are secured by land, buildings and equipment, inventories and receivables and are subject to a borrowing base formula computed on a monthly basis. The arrangements expire at various times from September 2013 through March 2014. Historically, we have been able to renew these facilities when they expire; however, such renewal is at the discretion of the banks. Our borrowings under these facilities totaled $14.6 million, and based on our borrowing base as of March 31, 2013, we fully utilized these facilities. There are no restrictive covenants on these credit facilities, except that consent must be received from the bank in order to dispose of certain assets located in India. We also have capital lease agreements with an outstanding balance of $1.8 million which are included in our total borrowings balance at March 31, 2013. Our consolidated borrowings totaled $59.9 million at March 31, 2013 and $61.4 million at December 31, 2012. Our weighted average interest rate for these borrowings was 8.3% for the three months ended March 31, 2013 and 9.3% for the three months ended March 31, 2012.

Debt

We have a Revolving Credit and Security Agreement with PNC Bank, National Association (“PNC”). Subject to the terms and conditions of the agreement, PNC agreed to provide us with up to a $45.0 million revolving line of credit, including up to $10.0 million in letters of credit, subject to a borrowing base formula, lender reserves and PNC’s reasonable discretion, expiring on April 21, 2015 and bearing interest at either LIBOR or an alternative base rate, plus a margin that varies with borrowing availability. We must also pay a facility fee of 0.375% a year on the unused portion of the facility. The facility is guaranteed by Tecumseh Products Company and its U.S. and Canadian subsidiaries and is secured by substantially all of the assets of the borrowers, with some exclusions.

The PNC agreement contains various covenants, including limitations on dividends, investments and additional indebtedness and liens, and a minimum fixed charge coverage ratio, which would apply only if average undrawn borrowing availability, as defined by the credit agreement, were to fall below a specified level. We are in compliance with all covenants and terms of the agreement at March 31, 2013.

At March 31, 2013, our borrowings under the PNC facility totaled $10.1 million, and we have an additional $8.3 million of borrowing capacity under the borrowing base formula after giving effect to our fixed charge coverage ratio covenant and $3.4 million in outstanding letters of credit. In the U.S. we have $0.1 million outstanding in short term borrowings related to financing some of our insurance premiums, which will be paid in the second quarter of 2013.

We have various borrowing arrangements at our foreign subsidiaries to support working capital needs and government sponsored borrowings which provide advantageous lending rates.

Our European business has an overdraft line with an available balance at March 31, 2013 of $0.3 million. None of the available balance was utilized at March 31, 2013.

In Brazil, as of March 31, 2013, we have uncommitted, discretionary line of credit facilities with several local private Brazilian banks (some of which are sponsored by the Brazilian government) for an aggregate maximum of $41.3 million, subject to a borrowing base formula computed on a monthly basis. These credit facilities are secured by a portion of our accounts receivable and inventory balances and expire at various times from April 1, 2013 through January 15, 2020. Historically we have been able to enter into replacement facilities when these facilities expire, but such replacements are at the discretion of the banks. Lenders determine, at their discretion, whether to make new advances with respect to each draw on such facilities. Our facility that expired in April 2013 has been replaced with a new line of credit facility in the second quarter of 2013. There are no restrictive covenants on these credit facilities. Our borrowings under the revolving credit facilities in Brazil, at March 31, 2013, totaled $33.3 million, with an additional $8.0 million available for borrowing, based on our accounts receivable and inventory at that date.

In India, we have revolving credit facilities which are secured by land, buildings and equipment, inventories and receivables and are subject to a borrowing base formula computed on a monthly basis. The arrangements expire at various times from September 2013 through March 2014. Historically, we have been able to renew these facilities when they expire; however, such renewal is at the discretion of the banks. Our borrowings under these facilities totaled $14.6 million, and based on our borrowing base as of March 31, 2013, we fully utilized these facilities. There are no restrictive covenants on these credit facilities, except that consent must be received from the bank in order to dispose of certain assets located in India.

We also have capital lease agreements with an outstanding balance of $1.8 million which are included in our total borrowings balance at March 31, 2013.

Our consolidated borrowings totaled $59.9 million at March 31, 2013 and $61.4 million at December 31, 2012. Our weighted average interest rate for these borrowings was 8.3% for the three months ended March 31, 2013 and 9.3% for the three months ended March 31, 2012.