XML 49 R51.htm IDEA: XBRL DOCUMENT v2.4.0.8
CREDIT AGREEMENTS (Details)
In Thousands, unless otherwise specified
9 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended
Sep. 30, 2013
Base rate revolving loan
Greater than or equal to 1.25:1.0
Sep. 30, 2013
Base rate revolving loan
Less than 1.25:1.0 but greater than or equal to 1.10:1.0
Sep. 30, 2013
Base rate revolving loan
Less than 1.10:1.0
Sep. 30, 2013
LIBOR Revolving Loans or Letter of Credit Obligations
Greater than or equal to 1.25:1.0
Sep. 30, 2013
LIBOR Revolving Loans or Letter of Credit Obligations
Less than 1.25:1.0 but greater than or equal to 1.10:1.0
Sep. 30, 2013
LIBOR Revolving Loans or Letter of Credit Obligations
Less than 1.10:1.0
Sep. 30, 2013
RBS Citizens Business Capital
USD ($)
Sep. 30, 2013
RBS Citizens Business Capital
Overdraft Facility
USD ($)
Aug. 05, 2010
RBS Citizens Business Capital
Overdraft Facility
USD ($)
Sep. 30, 2013
RBS Citizens Business Capital
Overdraft Facility
North American and U.K. Operations
USD ($)
Sep. 30, 2013
Westpac Bank
Sep. 30, 2013
Westpac Bank
Line of Credit [Member]
USD ($)
Sep. 30, 2013
Westpac Bank
Line of Credit [Member]
AUD
Sep. 30, 2013
Westpac Bank
Invoice Discounting Facility
USD ($)
Nov. 29, 2011
Westpac Bank
Invoice Discounting Facility
USD ($)
Nov. 29, 2011
Westpac Bank
Invoice Discounting Facility
AUD
Sep. 30, 2013
Westpac Bank
Invoice Discounting Facility
Bank Bill Rate
Sep. 30, 2013
Westpac Bank
Overdraft Facility
USD ($)
Nov. 29, 2011
Westpac Bank
Overdraft Facility
USD ($)
Nov. 29, 2011
Westpac Bank
Overdraft Facility
NZD
Sep. 30, 2013
Westpac Bank
Overdraft Facility
Commercial Lending Rate
Sep. 30, 2013
Westpac Bank
Financial Guarantee Facility
USD ($)
Nov. 29, 2011
Westpac Bank
Financial Guarantee Facility
USD ($)
Nov. 29, 2011
Westpac Bank
Financial Guarantee Facility
AUD
Sep. 30, 2013
Lending Arrangements Belgium, Netherlands, Singapore, and Mainland China Banks
Overdraft Facility
USD ($)
Sep. 30, 2013
Lending Arrangements Netherlands and Belgium Banks
Overdraft Facility
EURIBOR
Sep. 30, 2013
Netherlands subsidiary
Lending Arrangements Netherlands Bank
years
Sep. 30, 2013
Netherlands subsidiary
Lending Arrangements Netherlands Bank
Overdraft Facility
USD ($)
Sep. 30, 2013
Netherlands subsidiary
Lending Arrangements Netherlands Bank
Overdraft Facility
EUR (€)
Sep. 30, 2013
Belgium Subsidiary
Lending Arrangements Belgium Bank
Sep. 30, 2013
Belgium Subsidiary
Lending Arrangements Belgium Bank
Overdraft Facility
USD ($)
Sep. 30, 2013
Belgium Subsidiary
Lending Arrangements Belgium Bank
Overdraft Facility
EUR (€)
Sep. 30, 2013
Singapore Subsidiary
Overdraft Facility
Singapore Prime Rate
Sep. 30, 2013
Singapore Subsidiary
Lending Arrangements Singapore Bank
USD ($)
years
Sep. 30, 2013
Singapore Subsidiary
Lending Arrangements Singapore Bank
SGD
Sep. 30, 2013
Singapore Subsidiary
Lending Arrangements Singapore Bank
Overdraft Facility
Singapore Prime Rate
Sep. 30, 2013
Mainland China Subsidiary
Lending Arrangements China Bank
USD ($)
years
Sep. 30, 2013
Mainland China Subsidiary
Lending Arrangements China Bank
Overdraft Facility
Sep. 30, 2013
Mainland China Subsidiary
Lending Arrangements China Bank
Overdraft Facility
People's Republic of China Six Month Rate
Sep. 30, 2013
Minimum
RBS Citizens Business Capital
Overdraft Facility
USD ($)
Line of Credit Facility [Line Items]                                                                                
Line of credit facility, maximum borrowing capacity                 $ 40,000           $ 18,642 20,000     $ 2,906 3,500     $ 4,661 5,000       $ 2,174 € 1,607   $ 1,353 € 1,000   $ 796 1,000   $ 1,000      
Line of credit facility, maximum borrowing capacity increased borrowing amount subject to certain conditions                 50,000                                                              
Deferred financing costs                 1,457                                                              
Debt instrument, interest rate increase 1.25% 1.50% 1.75% 2.25% 2.50% 2.75%                     0.75%       0.83%                       1.75%         2.00%    
Borrowing base             28,368                                                                  
Minimum availability             (10,000) 10,000                                                               5,000
Outstanding letters of credit             (1,554)                                                                  
Adjusted borrowing base             16,814                                                                  
Less: outstanding borrowing             0             0       0             0                              
Additional borrowing availability             16,814             13,770       2,906                                            
Interest rates on outstanding borrowing             5.00%             4.37%       6.03%               2.63%                   6.00%     7.60%  
Fixed charges coverage ratio               1.2       1.5 1.5                                                      
Line of Credit Facility, Covenants, Minimum Fixed Charges Coverage Ratio Required Under Waiver Period                       1.25 1.25                                                      
Earnings before interest, taxes, depreciation, and amortization                   1,000                                                            
Debt convenant, dividend restrictions               5,000                                                                
Debt covenant, business acquisition, cost of acquired entity, cash limit               25,000                                                                
Debt covenant, business acquisition, cost of acquired entity, noncash consideration limit               25,000                                                                
Debt covenant, disposition of assets, limit               4,000                                                                
Line of Credit Facility, Covenants, Maximum Amount of Net Cash Outflows to Non Loan Parties Affialiates               5,000                                                                
Line of Credit Facility, Commitment Fee Percentage                           0.65%       0.65%       1.10%                                    
Borrowing capacity                           13,770       2,906                                            
Financial guarantee capacity                                           4,661                                    
Less: outstanding financial guarantee requested                                           (2,700)                                    
Additional availability for financial guarantee                                           1,961                                    
Interest rates on financial guarantee requested                                           1.10%                                    
Tangible net worth                       85.00% 85.00%                                                      
Minimum tangible net amount                       16,312 17,500                                                      
Maximum borrowing base ratio                       0.8 0.8                                                      
Lending arrangement expiration                                                     1             1 1   1      
Terminated notice period                     90 days                                     15 days                    
Line of credit facility, average outstanding amount                                                 $ 354                              
Debt, weighted average interest rate                                                 2.63%