Borrowings (Tables)

6 Months Ended

Jun. 30, 2012

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

Borrowings consist of the following:

(dollars in thousands)	Interest Rate		Maturity Date	June 30, 2012			December 31, 2011
Borrowings under ABL Facility	floating		May 18, 2017	$	—		$	—
New Senior Secured Notes	6.875%	(1)	May 15, 2020	450,000			—
Old Senior Secured Notes	10.00%		February 15, 2015	—			360,000
Promissory Note	6.00%		July, 2012 to September, 2016	1,008			1,111
Notes Payable	floating		July 2012	—			339
RMB Loan Contract	floating		December, 2013 to January, 2014	19,020			28,332
BES Euro Line	floating		December, 2012 to December, 2013	7,610			7,835
Total borrowings				477,638			397,617
Less — unamortized discount				—			4,300
Plus — carrying value adjustment on debt related to the Interest Rate Agreement (1)				(43		)	4,043
Total borrowings — net				477,595			397,360
Less — long term debt due within one year				3,737			4,192
Total long-term portion of borrowings — net				$	473,858		$	393,168

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(1) See Interest Rate Agreements under “New Senior Secured Notes” below and in note 9.

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The fair market value and related carrying value adjustment are as follows:

(dollars in thousands)	June 30, 2012			December 31, 2011
Fair market value of Rate Agreements - (liability) asset	$	(188	)	$	3,606
Adjustment to (decrease) increase the carrying value of the related long-term debt	$	(43	)	$	4,043

The net impact recorded on the Condensed Consolidated Statements of Comprehensive Income (Loss) is as follows:

	Three months ended June 30,						Six months ended June 30,
(dollars in thousands)	2012			2011			2012		2011
(Expense) income on hedging activities in other (expense) income	$	(173	)	$	(144	)	$	246	$	492
Income on hedging activities in loss on redemption of debt	$	3,502		$	—		$	3,502	$	—