Borrowings (Tables)

12 Months Ended

Dec. 31, 2012

Debt Disclosure [Abstract]

Schedule of Borrowings

Borrowings consist of the following:

(dollars in thousands)	Interest Rate		Maturity Date	December 31, 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%	(1)	February 15, 2015	—		360,000
Promissory Note	6.00%		January, 2013 to September, 2016	903		1,111
Notes Payable	floating		January, 2013	—		339
RMB Loan Contract	floating		January, 2014	9,522		28,332
BES Euro Line	floating		December, 2013	4,362		7,835
AICEP Loan	0.00%		January, 2016 to July 30, 2018	1,272		—
Total borrowings				466,059		397,617
Less — unamortized discount				—		4,300
Plus — carrying value adjustment on debt related to the Interest Rate Agreement (1)				408		4,043
Total borrowings — net				466,467		397,360
Less — long term debt due within one year				4,583		4,192
Total long-term portion of borrowings — net				$	461,884	$	393,168

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(1) See Interest Rate Agreements under “Senior Secured Notes” below and in note 13.

Schedule of Annual Maturities of Borrowings

Annual maturities for all of our total borrowings for the next five years and beyond are as follows:

2013	2014	2015	2016	2017	Thereafter
$4,583	$9,757	$249	$621	$424	$450,425

Fair Market Value and Related Carrying Value Adjustment of Interest Rate Agreements

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

(dollars in thousands)	December 31, 2012		December 31, 2011
Fair market value of Rate Agreements - asset (liability)	$	298	$	3,606
Adjustment to increase (decrease) the carrying value of the related long-term debt	$	408	$	4,043

The net impact recorded on the Consolidated Statements of Operations is as follows:

For the year ended December 31, (dollars in thousands)	2012		2011		2010
Income (expense) on hedging activities in other income (expense)	$	280	$	293	$	(730	)
Income on hedging activities in loss on redemption of debt	$	3,502	$	—	$	—