Revolving Credit Facility & Bank Borrowings (Tables)

12 Months Ended

Dec. 31, 2015

Revolving Credit Facility & Bank Borrowings [Abstract]

Components Of Our Consolidated Debt And Capital Lease Obligations

	December 31, 2015
			Unused Borrowing Capacity (2)						Carrying Value (3)
	Weighted  Average Interest Rate (1)			Borrowing Currency			U.S.D. Equivalent		December 31, 2015		December 31, 2014
			(in thousands)
Debt obligations
Senior revolving credit facility	LIBOR plus 1.25% - 2.00%		$	75,000	(4)	$	75,000	(4)	$	-	$	-
Asia Pacific revolving credit facility	LIBOR plus 2.10%		RMB	-	(5)		-	(5)		-		-
Long-term bank borrowings		2.63%								6,375		11,646
Total						$	75,000			6,375		11,646
Capital lease obligations										24		23
Total debt and capital lease obligations									$	6,399	$	11,669
Current maturities									$	4,772	$	5,288
Long-term debt and capital lease obligations									$	1,627	$	6,381

(1) Carrying value represents the weighted average interest rate in effect at December 31, 2015 for all borrowings outstanding pursuant to each debt instrument, including any applicable margin. The interest rates presented represent stated rates and do not include the impact of the derivative instruments, deferred financing costs, original issue premiums or discounts and commitment fees, all of which affect Crocs’ overall cost of borrowing.

(2) Unused borrowing capacity represents the maximum available under the applicable facility at December 31, 2015 without regard to covenant compliance calculations or other conditions precedent to borrowing.

(3) As the interest rate of each credit agreement is variable, typically based on the daily LIBOR rates plus an additional margin, the estimated fair value of each debt instrument approximates its carrying value.

(4) On February 18, 2016, the Company entered into the Eleventh Amendment to the Amended and Restated Credit Agreement, which extended the maturity date to February 2021, resized the borrowing capacity of the facility to $75.0 million, and amended certain definitions of the financial covenants to become more favorable to the Company.

(5) As of December 31, 2015, Crocs received notification that the Asia Pacific revolving credit facility had been temporarily suspended.

Maturities of Debt Obligation

	December 31, 2015
	(in thousands)
Maturities of debt and capital lease obligations
2016	$	4,772
2017		1,616
2018		4
Thereafter		7
Total principal debt maturities	$	6,399
Current portion	$	4,772
Noncurrent portion	$	1,627