2.2.0.25falsefalse11051 - Disclosure - Current and Long Term Bank Debttruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0001019737duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0Unit1Standardhttp://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0us-gaap_LineOfCreditFacilityAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalseCurrent and Long Term Bank Debt3false0us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 12pt; font-size: 10pt;" align="left"> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 12pt; font-size: 10pt;" align="left"> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 12pt; font-size: 10pt;" align="left"> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 12pt; font-size: 10pt;" align="left"> <div> <table class="MsoNormalTable" style="font-size: 11pt; width: 100%; line-height: 115%; font-family: 'Calibri','sans-serif';" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr><td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; padding-top: 0in;" valign="top"> 12.   </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; padding-top: 0in;" valign="top"> <a name="8"> </a>CURRENT AND LONG-TERM BANK DEBT </td></tr></table>   As of December 31, 2010, we maintained an unsecured credit agreement consisting of a $275.0 million revolving credit facility which, subject to certain bank approvals, includes an option to increase to $375.0 million and a $225.0 million unsecured term loan facility. Borrowings under the revolving credit facility are payable in May 2012. Our credit agreement provides for borrowings in multiple currencies including U.S. Dollars, Canadian Dollars, UK Pound Sterling and Euro. As of December 31, 2010, we had aggregate borrowings of $203.0 million, compared to $219.4 million as of December 31, 2009. Based on our financial covenant restrictions under our credit facility as of December 31, 2010, a maximum of approximately $90.0 million would be available in additional borrowings under our credit facility. In January 2010, we used a portion of our cash to prepay $40.0 million of our term loan facility under our credit facility which reduced future required quarterly payments on a pro rata basis.   At our option, borrowings under the revolving credit facility and the term loan facility bear interest, in general, based on a variable rate equal to an applicable base rate or LIBOR, in each case plus an applicable margin. For LIBOR loans, the applicable margin will vary depending upon our consolidated leverage ratio (the ratio of total funded debt to adjusted EBITDA) and whether the loan is made under the term loan facility or revolving credit facility. As of December 31, 2010, the applicable margins on LIBOR loans under the term loan facility and revolving credit facility were 1.25% and 1.0%, respectively. As of December 31, 2010, the applicable margins for base rate loans under the term loan facility and revolving credit facility were 0.25% and zero%, respectively. For LIBOR loans, the applicable margin will vary between 0.50% to 1.75% depending upon our performance and financial condition. Our average borrowing rate under our credit agreement (including the impact of our interest rate swap agreements; see Note 11— Comprehensive Income) was 4.4% and 5.6% for 2010 and 2009, respectively.   Our credit agreement also includes certain financial covenants, including covenants that require that we maintain a consolidated leverage ratio of not greater than 3.25:1 and a consolidated fixed charge coverage ratio (the ratio of the sum of adjusted EBITDA and rental expense to the sum of cash interest expense and rental expense) of not less than 2.0:1. At December 31, 2010, under the definitions in the credit agreement, our consolidated leverage ratio was 2.4 and our consolidated fixed charge coverage ratio was 4.0. In addition to the financial covenants, our credit agreement contains customary affirmative and negative covenants and is subject to customary exceptions. These covenants limit our ability to incur liens or other encumbrances or make investments, incur indebtedness, enter into mergers, consolidations and asset sales, pay dividends or other distributions, change the nature of our business and engage in transactions with affiliates. On December 6, 2010, we amended our credit agreement to correct a technical issue relating to the level of foreign investments we are permitted to make under the restrictive covenants set forth in the agreement. The amendment corrected the initial investment schedule and increased the threshold of permitted investments in foreign borrowers from $25.0 million to $75.0 million. We paid a de minimus fee to each of the lenders who consented to the amendment. We were in compliance with the terms of our credit agreement as of December 31, 2010 and 2009; however there can be no assurances that we will remain in compliance in the future.   The table below lists the maturities of debt outstanding as of December 31, 2010 (in thousands):   <div align="center"> <table class="MsoNormalTable" style="font-size: 11pt; width: 100%; line-height: 115%; font-family: 'Calibri','sans-serif';" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr><td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 90%; padding-top: 0in;" valign="bottom" width="90%">  </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 2%; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 1%; padding-top: 0in;" valign="bottom" width="1%">  </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 6%; padding-top: 0in;" valign="bottom" width="6%">  </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 1%; padding-top: 0in;" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; padding-top: 0in;" valign="bottom" nowrap="nowrap">  </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; padding-top: 0in;" valign="bottom">  </td> <td style="border-right: medium none; padding-right: 0in; border-top: medium none; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 0in; border-bottom: black 1pt solid;" valign="bottom" nowrap="nowrap" colspan="2"> Amount </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; padding-top: 0in;" valign="bottom">  </td></tr> <tr><td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; padding-top: 0in;">  </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; padding-top: 0in;"> </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; padding-top: 0in;"> </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; padding-top: 0in;"> </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; padding-top: 0in;"> </td></tr> <tr><td style="padding-right: 0in; padding-left: 0in; background: #cceeff; padding-bottom: 0in; padding-top: 0in;" valign="bottom" nowrap="nowrap"> 2011 </td> <td style="padding-right: 0in; padding-left: 0in; background: #cceeff; padding-bottom: 0in; padding-top: 0in;" valign="bottom">  </td> <td style="padding-right: 0in; padding-left: 0in; background: #cceeff; padding-bottom: 0in; padding-top: 0in;" valign="bottom" nowrap="nowrap"> $ </td> <td style="padding-right: 0in; padding-left: 0in; background: #cceeff; padding-bottom: 0in; padding-top: 0in;" valign="bottom" nowrap="nowrap"> 18,397 </td> <td style="padding-right: 0in; padding-left: 0in; background: #cceeff; padding-bottom: 0in; padding-top: 0in;" valign="bottom" nowrap="nowrap">  </td></tr> <tr><td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; padding-top: 0in;" valign="bottom" nowrap="nowrap"> 2012 </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; padding-top: 0in;" valign="bottom">  </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; padding-top: 0in;" valign="bottom" nowrap="nowrap">  </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; padding-top: 0in;" valign="bottom" nowrap="nowrap"> 184,554 </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; padding-top: 0in;" valign="bottom" nowrap="nowrap">  </td></tr> <tr><td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; padding-top: 0in;" valign="bottom">  </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; padding-top: 0in;" valign="bottom">  </td> <td style="border-right: medium none; padding-right: 0in; border-top: black 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 0in; border-bottom: medium none;" valign="bottom">  </td> <td style="border-right: medium none; padding-right: 0in; border-top: black 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 0in; border-bottom: medium none;" valign="bottom">  </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; padding-top: 0in;" valign="bottom">  </td></tr> <tr><td style="padding-right: 0in; padding-left: 0in; background: #cceeff; padding-bottom: 0in; padding-top: 0in;" valign="bottom" nowrap="nowrap"> Total </td> <td style="padding-right: 0in; padding-left: 0in; background: #cceeff; padding-bottom: 0in; padding-top: 0in;" valign="bottom">  </td> <td style="padding-right: 0in; padding-left: 0in; background: #cceeff; padding-bottom: 0in; padding-top: 0in;" valign="bottom" nowrap="nowrap"> $ </td> <td style="padding-right: 0in; padding-left: 0in; background: #cceeff; padding-bottom: 0in; padding-top: 0in;" valign="bottom" nowrap="nowrap"> 202,951 </td> <td style="padding-right: 0in; padding-left: 0in; background: #cceeff; padding-bottom: 0in; padding-top: 0in;" valign="bottom" nowrap="nowrap">  </td></tr></table></div></div></div></div></div></div></div></div></div></div> </div>12.   CURRENT AND LONG-TERM BANK DEBT   As of December 31, 2010, we maintained an unsecured credit agreement consisting of afalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis element may be used to capture the complete disclosure pertaining to short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph f -Article 4 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 22 -Article 5 falsefalseCurrent and Long Term Bank Debt12Current and Long Term Bank DebtUnKnownUnKnownUnKnownUnKnownfalsetrue