Borrowings (Tables)

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Schedule of Borrowings

Borrowings consist of the following:

(dollars in thousands)	Interest Rate		Maturity Date	December 31, 2014		December 31, 2013
Borrowings under ABL Facility	floating		April 9, 2019	$	—	$	—
Term Loan B	floating		April 9, 2021	437,800		—
Senior Secured Notes	6.875%	(1)	May 15, 2020	—		405,000
Promissory Note	6.00%		September, 2016	—		681
RMB Working Capital Loan	floating		September, 2014	—		5,157
RMB Working Capital Loan	6.78%		July, 2015	3,258		—
AICEP Loan	0.00%		January, 2016 to July 30, 2018	3,846		2,389
Total borrowings				444,904		413,227
Less — unamortized discount				982		—
Plus — carrying value adjustment on debt related to the Interest Rate Agreement (1)				—		(1,324		)
Total borrowings — net				443,922		411,903
Less — long term debt due within one year				7,658		5,391
Total long-term portion of borrowings — net				$	436,264	$	406,512

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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:

2015	2016	2017	2018	2019	Thereafter
$7,658	$5,682	$5,682	$5,682	$4,400	$415,800

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, 2014		December 31, 2013
Fair market value of Rate Agreement - asset (liability)	$	—	$	(2,073	)
Adjustment to increase (decrease) carrying value of the related long-term debt	$	—	$	(1,324	)