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DEBT (Tables)

12 Months Ended

Dec. 31, 2024

DEBT

Schedule of debt

​

​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	December 31,
​		​			2024			2023
Long-term debt		Interest Rate			​			​
Senior Unsecured Notes	​	​	​	​	​	​	​	​	​
2015 Notes - Series A due August 20, 2025	​	3.15	%	​	$	100,000	​	$	100,000
2015 Notes - Series B due August 20, 2030	​	3.35	%	​	​	100,000	​	​	100,000
2015 Notes - Series C due April 1, 2035	​	3.61	%	​	​	50,000	​	​	50,000
2015 Notes - Series D due April 1, 2045	​	4.02	%	​	​	100,000	​	​	100,000
2016 Notes - Series A due October 20, 2028	​	2.75	%	​	​	100,000	​	​	100,000
2016 Notes - Series B due October 20, 2033	​	3.03	%	​	​	100,000	​	​	100,000
2016 Notes - Series C due October 20, 2037	​	3.27	%	​	​	100,000	​	​	100,000
2016 Notes - Series D due October 20, 2041	​	3.52	%	​	​	50,000	​	​	50,000
2024 Notes - Series A due August 22, 2029	​	5.55	%	​	​	75,000	​	​	—
2024 Notes - Series B due August 22, 2031	​	5.62	%	​	​	75,000	​	​	—
2024 Notes - Series C due June 20, 2034	​	5.74	%	​	​	400,000	​	​	—
Term Loan due through 2025	​	Variable(1)	​	​	​	—	​	​	400,000
Other borrowings due through 2030	​	Variable(2)	​	​		10	​		9
​	​	​	​	​		1,250,010	​		1,100,009
Plus interest rate swap adjustment	​	​	​	​	​	3,355	​	​	4,036
Less current portion	​	​	​	​		100,004	​		4
Less debt issuance costs	​	​	​	​	​	2,810	​		1,270
Long-term debt, less current portion	​	​	​	​		1,150,551	​		1,102,771
Short-term debt	​	​	​	​		​	​	​	​
Amounts due banks	​	Variable(3)	​	​		10,520	​		2,435
Current portion long-term debt	​	​	​	​		100,004	​		4
Total short-term debt	​	​	​	​		110,524	​		2,439
Total debt	​	​	​	​	$	1,261,075	​	$	1,105,210

(1) Interest is calculated at the secured overnight finance rate (“SOFR”) plus a 0.85% margin.

(2) Interest rate was 7.97% for both years ended December 31, 2024 and 2023.

(3) Weighted average interest of Other borrowings related to liquidity needs in a hyperinflationary country was 47.8% in 2024 and 47.7% in 2023.

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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