XML 52 R38.htm IDEA: XBRL DOCUMENT v3.22.4
DEBT (Tables)
12 Months Ended
Dec. 31, 2022
Debt Instrument [Line Items]  
Schedule of debt

At December 31, 2022 and 2021, debt consisted of the following:

December 31, 

    

2022

    

2021

Long-term debt

 

  

 

  

Senior Unsecured Notes due through 2045, interest at 2.8% to 4.0% (net of debt issuance costs of $1,585 and $1,074 at December 31, 2022 and 2021, respectively)

$

703,124

$

704,313

Term Loan due through 2025

400,000

Other borrowings due through 2030, interest up to 16.0%

 

18,311

 

13,542

 

1,121,435

 

717,855

Less current portion

 

11,039

 

766

Long-term debt, less current portion

 

1,110,396

 

717,089

Short-term debt

 

 

  

Amounts due banks, weighted average interest at 4.0% in 2022 and 1.8% in 2021

 

82,444

 

51,964

Current portion long-term debt

 

11,039

 

766

Total short-term debt

 

93,483

 

52,730

Total debt

$

1,203,879

$

769,819

Senior Notes [Member]  
Debt Instrument [Line Items]  
Schedule of debt

The maturity and interest rates of the 2015 Notes and 2016 Notes are as follows:

    

Amount

    

Maturity Date

    

Interest Rate

 

2015 Notes

 

  

 

  

 

  

Series A

$

100,000

August 20, 2025

 

3.15

%

Series B

 

100,000

August 20, 2030

 

3.35

%

Series C

 

50,000

April 1, 2035

 

3.61

%

Series D

 

100,000

April 1, 2045

 

4.02

%

2016 Notes

 

  

  

 

  

Series A

$

100,000

October 20, 2028

 

2.75

%

Series B

 

100,000

October 20, 2033

 

3.03

%

Series C

 

100,000

October 20, 2037

 

3.27

%

Series D

 

50,000

October 20, 2041

 

3.52

%