Borrowings (Tables)

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Schedule of Borrowings

Borrowings consist of the following:

(dollars in thousands)	Interest Rate		Maturity Date	December 31, 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%		January, 2014 to September, 2016	681			903
RMB Loan Contract	floating		January, 2014	—			9,522
RMB Working Capital Loan	floating		September, 2014	5,157			—
BES Euro Line	floating		December, 2013	—			4,362
AICEP Loan	0.00%		January, 2016 to July 30, 2018	2,389			1,272
Total borrowings				413,227			466,059
Plus — carrying value adjustment on debt related to the Interest Rate Agreement (1)				(1,324		)	408
Total borrowings — net				411,903			466,467
Less — long term debt due within one year				5,391			4,583
Total long-term portion of borrowings — net				$	406,512		$	461,884

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(1) See Interest Rate Agreement 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:

2014	2015	2016	2017	2018	Thereafter
$5,391	$249	$993	$797	$797	$405,000

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, 2013			December 31, 2012
Fair market value of Rate Agreement - asset (liability)	$	(2,073	)	$	298
Adjustment to increase (decrease) the carrying value of the related long-term debt	$	(1,324	)	$	408