Note 8. Debt

The Company’s debt at September 30, 2012 and December 31, 2011 is summarized as follows:


	September 30, 2012		December 31, 2011
Short-term borrowings	$	473	$	2,392

Long-term debt:
Credit Line, due 2013 ⁽¹⁾	$	157,000	$	72,000
Term Loan, denominated in U.S. dollars (“USD”), due 2013 ⁽²⁾		231,154		260,000
Term Loan, denominated in Euros (“EUR”), due 2013 ⁽³⁾		38,615		50,596
Secured Mortgages ⁽⁴⁾		6,160		6,504
Capitalized leases and other long-term debt		6,617		12,333

Total long-term debt, including current maturities		439,546		401,433
Current maturities of long-term debt		107,782		75,300

Total long-term debt, less current maturities	$	331,764	$	326,133

(1)

The loans under this facility may be denominated in USD or several foreign currencies. The interest rates under the facility are based on prime, federal funds and/or the London Interbank offer rate (“LIBOR”) for the applicable currency. At September 30, 2012, the applicable rate was 1.8%, and the weighted-average rate was 1.9% for the nine-month period ended September 30, 2012.

(2)	The interest rate for this loan varies with prime, federal funds and/or LIBOR. At September 30, 2012, the applicable rate was 1.8%, and the weighted-average rate was 1.9% for the nine-month period ended September 30, 2012.

(3)	The interest rate for this loan varies with LIBOR. At September 30, 2012, this rate was 2.1%, and the weighted-average rate was 2.3% for the nine-month period ended September 30, 2012.

(4)	This amount consists of two fixed-rate commercial loans with an outstanding balance of €4,791 at September 30, 2012. The loans are secured by the Company’s facility in Bad Neustadt, Germany.