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Debt DEBT DISCLOSURE Textual (Details) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
DEBT DISCLOSURE (TEXTUAL) [Abstract]  
Line of Credit Facility, Maximum Borrowing Capacity $ 100,000
LineOfCreditFacilityMaximumBorrowingCapacityTermLoan 30,000
LineOfCreditFacilityMaximumBorrowingCapacityRevolvingLoan 70,000
LineOfCreditFacilityMaximumBorrowingCapacitySwingLineLoan 5,000
LineOfCreditFacilityMaximumLettersOfCreditIssuable 5,000
Line of Credit Facility, Interest Rate Description Interest on loans outstanding under the New Credit Agreement is based, at our election, on a base rate, a Eurodollar Rate or an index rate, in each case plus an applicable margin. The base rate is the highest of (i) the rate which the Administrative Agent announces from time to time as its prime lending rate, (ii) the Federal Funds rate, as in effect from time to time, plus one-half of one percent ( 1/2%) per annum and (iii) the Eurodollar Rate determined on a daily basis for an Interest Period of one (1) month, plus one percent (1.00%) per annum. The Eurodollar Rate is the London interbank offered rate for deposits in U.S. Dollars for approximately a term comparable to the applicable interest period (one, two, three or six months, at our election), subject to adjustment for any applicable reserve percentages. The index rate is the rate equal to the offered rate for deposits in U.S. Dollars for a one (1) month interest period, as appears on the Bloomberg reporting service, or such similar service as determined by the Administrative Agent that displays British Bankers’ Association interest settlement rates for deposits in Dollars, subject to adjustment for any applicable reserve percentages. The applicable margin is based upon our leverage ratio, as defined in the New Credit Agreement, and ranges from 0.50% to 1.25% in the case of base rate loans and 1.50% to 2.25% in the case of index rate loans and Eurodollar loans.
Line of Credit Facility, Commitment Fee Description We must also pay a commitment fee to the Administrative Agent for the account of each lender, which, based on our leverage ratio, accrues at a rate of 0.20% or 0.25% per annum on the daily amount of the unused portion of the revolving loan.
Debt Instrument, Periodic Payment, Principal First Year 375
Debt Instrument, Principal Payment Second Year until Maturity 750
Line of Credit Hedging Requirement The New Credit Agreement requires that, within one-year after entering into the New Credit Agreement (or such later date as agreed to by the Administrative Agent), we fix or limit our interest exposure to at least fifty percent (50%) of the term loan pursuant to one or more hedging arrangements reasonably satisfactory to the Administrative Agent. On May 15, 2012, pursuant to the terms of the New Credit Agreement we entered into an interest rate swap agreement with the Administrative Agent as a cash flow hedge.
Derivative, Fixed Interest Rate 1.465%
Notional Amount of Interest Rate Cash Flow Hedge Derivatives $ 27,000
Line of Credit Subsidiary Guaranties The obligations under the New Credit Agreement have been guaranteed by all of our domestic subsidiaries and are secured by substantially all of our and our domestic subsidiaries’ assets (other than real property), together with a pledge of 100% of the equity in our domestic subsidiaries and 65% of the equity in certain of our non-U.S. subsidiaries.
Line of Credit Facility, Covenant Terms the New Credit Agreement contains financial covenants requiring that we maintain a leverage ratio of not greater than 2.50 to 1.00 and a fixed charge coverage ratio (as defined in the New Credit Agreement) of not less than 2.00 to 1.00.