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Debt
9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
DEBT
DEBT
Debt consisted of the following at September 30, 2017:
 
September 30, 2017
 
U.S. Dollar
 
Other Principal Trading Currencies
 
Total
3.67% $50 million Senior Notes due December 17, 2022
50,000

 

 
50,000

4.10% $50 million Senior Notes due September 19, 2023
50,000

 

 
50,000

3.84% $125 million Senior Notes due September 19, 2024
125,000

 

 
125,000

4.24% $125 million Senior Notes due June 25, 2025
125,000

 

 
125,000

1.47% EUR 125 million Senior Notes due June 17, 2030

 
146,956

 
146,956

Debt issuance costs, net
(1,125
)
 
(364
)
 
(1,489
)
Total Senior Notes
348,875

 
146,592

 
495,467

$800 million Credit Agreement, interest at LIBOR plus 87.5 basis points
537,304

 
17,910

 
555,214

Other local arrangements

 
18,533

 
18,533

Total debt
886,179

 
183,035

 
1,069,214

Less: current portion

 
(18,533
)
 
(18,533
)
Total long-term debt
$
886,179

 
$
164,502

 
$
1,050,681


As of September 30, 2017, the Company had $238.6 million of availability remaining under its Credit Agreement. During the three months ended September 30, 2017, the Company increased its borrowing under the Credit Agreement by $97.9 million, which primarily was used to fund the Biotix acquisition as described in Note 3.

1.47% Euro Senior Notes
The Company has designated the 1.47% Euro Senior Notes as a hedge of a portion of its net investment in euro-denominated foreign subsidiaries to reduce foreign currency risk associated with the net investment in these operations. Changes in the carrying value of this debt resulting from fluctuations in the euro to U.S. dollar exchange rate are recorded as foreign currency translation adjustments within other comprehensive income (loss). The unrealized gain (loss) recorded in other comprehensive income (loss) related to this net investment hedge was a loss of $5.0 million and $2.0 million for the three months ended September 30, 2017 and 2016, respectively, and a loss of $15.5 million and $3.6 million for the nine months periods ended September 30, 2017 and 2016, respectively.