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Borrowings (Tables)
6 Months Ended
Jun. 30, 2013
Debt Disclosure [Abstract]  
Schedule of Debt [Table Text Block]
Borrowings consist of the following:
(dollars in thousands)
Interest Rate
 
Maturity Date
June 30,
2013
 
December 31,
2012
Borrowings under ABL Facility
floating
 
May 18, 2017
$
9,800

 
$

Senior Secured Notes
6.875%
(1)
May 15, 2020
405,000

 
450,000

Promissory Note
6.00%
 
July, 2013 to September, 2016
793

 
903

RMB Loan Contract
floating
 
January, 2014
9,720

 
9,522

BES Euro Line
floating
 
December, 2013
4,294

 
4,362

AICEP Loan
0.00%
 
January, 2016 to July 30, 2018
1,243

 
1,272

Total borrowings
 
 
 
430,850

 
466,059

Plus — carrying value adjustment on debt related to the Interest Rate Agreement (1)
(1,102
)
 
408

Total borrowings — net
 
 
 
429,748

 
466,467

Less — long term debt due within one year
 
 
14,242

 
4,583

Total long-term portion of borrowings — net
 
$
415,506

 
$
461,884

_____________________________
(1)
See Interest Rate Agreement under “Senior Secured Notes” below and in note 9.
Schedule of Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]
The fair market value and related carrying value adjustment are as follows:
(dollars in thousands)
June 30, 2013
 
December 31, 2012
Fair market value of Rate Agreements - asset (liability)
$
(1,781
)
 
$
298

Adjustment to increase (decrease) carrying value of the related long-term debt
$
(1,102
)
 
$
408

The net impact recorded on the Condensed Consolidated Statements of Operations is as follows:
 
 
Three months ended June 30,
 
Six months ended June 30,
(dollars in thousands)
 
2013
 
2012
 
2013
 
2012
Income (expense) on hedging activities in other income (expense)
 
$
(347
)
 
$
(173
)
 
$
(569
)
 
$
246

Income on hedging activities in loss on redemption of debt
 
$

 
$
3,502

 
$

 
$
3,502