NOTE 7—Long-Term Debt:

Long-term debt at September 30, 2011 and December 31, 2010 consisted of the following:


	September 30, 2011		December 31, 2010
	(In thousands)

Variable-rate domestic bank loans	$	120,000	$	—
5.10% Senior notes, net of unamortized discount of $112 at September 30, 2011 and $137 at December 31, 2010		324,888		324,863
4.50% Senior notes, net of unamortized discount of $2,893 at September 30, 2011 and $3,128 at December 31, 2010		347,107		346,872
Fixed rate foreign borrowings		27,336		33,223
Capital lease obligation		4,026		5,873
Variable-rate foreign bank loans		67,341		149,520
Miscellaneous		481		559

Total long-term debt		891,179		860,910
Less amounts due within one year		12,795		8,983

Long-term debt, less current portion	$	878,384	$	851,927

In September 2011, we amended and restated our previous $675.0 million credit facility. The amended and restated five-year, revolving, unsecured credit facility (hereinafter referred to as the September 2011 credit agreement) matures on September 22, 2016 and (i) increased the borrowing capacity to $750.0 million from $675.0 million; (ii) provides for an additional $250.0 million in credit, if needed, subject to the terms of the agreement; (iii) provides for the ability to extend the maturity date under certain conditions; (iv) eliminated the covenant that required a minimum level of consolidated tangible domestic assets; and (v) increased the interest rate spread and commitment fees applicable to the Company's borrowings under the credit facility. Fees and expenses of $2.7 million were incurred and paid in connection with this new agreement. Borrowings bear interest at variable rates based on the London Inter-Bank Offered Rate ("LIBOR") for deposits in the relevant currency plus an applicable margin which ranges from 0.900% to 1.400%, depending on the Company's credit rating applicable from time to time. The margin on the facility was 0.975% and the interest rate was 1.25% as of September 30, 2011. As of September 30, 2011, $120.0 million of borrowings were outstanding under the September 2011 credit agreement.