Borrowings (Tables)

9 Months Ended

Sep. 30, 2012

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

Borrowings consist of the following:

(dollars in thousands)	Interest Rate		Maturity Date	September 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%		October, 2012 to September, 2016	956		1,111
Notes Payable	floating		October, 2012	—		339
RMB Loan Contract	floating		January, 2014	9,498		28,332
BES Euro Line	floating		December, 2012 to December, 2013	7,780		7,835
AICEP Loan	0.00%		July 30, 2018	1,238		—
Total borrowings				469,472		397,617
Less — unamortized discount				—		4,300
Plus — carrying value adjustment on debt related to the Interest Rate Agreement (1)				1,205		4,043
Total borrowings — net				470,677		397,360
Less — long term debt due within one year				3,819		4,192
Total long-term portion of borrowings — net				$	466,858	$	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)	September 30, 2012		December 31, 2011
Fair market value of Rate Agreements - asset (liability)	$	394	$	3,606
Adjustment to increase (decrease) carrying value of the related long-term debt	$	1,205	$	4,043

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

	Three months ended September 30,					Nine months ended September 30,
(dollars in thousands)	2012			2011		2012			2011
Income (expense) on hedging activities in other income (expense)	$	(666	)	$	205	$	(420	)	$	697
Income on hedging activities in loss on redemption of debt	$	—		$	—	$	3,502		$	—