XML 26 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Borrowings (Tables)
9 Months Ended
Sep. 30, 2013
Debt Disclosure [Abstract]  
Schedule of Debt [Table Text Block]
Borrowings consist of the following:
(dollars in thousands)
Interest Rate
 
Maturity Date
September 30,
2013
 
December 31,
2012
Borrowings under ABL Facility
floating
 
May 18, 2017
$

 
$

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

 
450,000

Promissory Note
6.00%
 
October, 2013 to September, 2016
738

 
903

RMB Loan Contract
floating
 
January, 2014
9,780

 
9,522

RMB Working Capital Loan
floating
 
September, 2014
5,135

 

BES Euro Line
floating
 
December, 2013

 
4,362

AICEP Loan
0.00%
 
January, 2016 to July 30, 2018
2,348

 
1,272

Total borrowings
 
 
 
423,001

 
466,059

Plus — carrying value adjustment on debt related to the Interest Rate Agreement (1)
(857
)
 
408

Total borrowings — net
 
 
 
422,144

 
466,467

Less — long term debt due within one year
 
 
15,146

 
4,583

Total long-term portion of borrowings — net
 
$
406,998

 
$
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)
September 30, 2013
 
December 31, 2012
Fair market value of Rate Agreements - asset (liability)
$
(1,613
)
 
$
298

Adjustment to increase (decrease) carrying value of the related long-term debt
$
(857
)
 
$
408