The majority of the Company’s foreign subsidiaries maintain bank lines of credit for short-term working capital purposes. These credit lines are supported by standby letters of credit issued by a United States bank, or guarantees issued by the Company to the foreign banks issuing the credit line. Lines of credit totaling $9,396 and $11,054 at December 31, 2001 and 2000, respectively, bear interest at .5% to 1.5% over the foreign banks’ equivalent prime rates. At December 31, 2001 and 2000, the Company was liable for $1,706 and $4,671, respectively, of borrowings under these lines, and at December 31, 2001 was contingently liable for approximately $28,614 under outstanding standby letters of credit and guarantees related to these lines of credit and other obligations.

In addition, at December 31, 2001 the Company had a $7,294 credit facility with a United Kingdom bank (U.K. facility), secured by a corporate guarantee. The Company was contingently liable under the U.K. facility at December 31, 2001 for $7,294 used to secure customs bonds issued by foreign governments.

At December 31, 2001, the Company was in compliance with all restrictive covenants of these credit lines and the associated credit facilities, including maintenance of certain minimum asset, working capital and equity balances and ratios.