XML 47 R27.htm IDEA: XBRL DOCUMENT v3.6.0.2
DEBT (Tables)
 12 Months Ended
Dec. 31, 2016
Debt Instrument [Line Items]  
Schedule of Debt
The following table sets forth WESCO’s outstanding indebtedness:
 
As of December 31,
 
2016
 
2015
 
(In thousands)
Accounts Receivable Securitization Facility
$
380,000

 
$
525,000

Revolving Credit Facility
4,000

 
75,000

International lines of credit
20,920

 
43,314

Term Loan Facility, less debt discount of $770 and $1,026 in 2016 and 2015, respectively
143,980

 
173,724

5.375% Senior Notes due 2021
500,000

 
500,000

5.375% Senior Notes due 2024
350,000

 
—

6.0% Convertible Senior Debentures due 2029, less debt discount of $163,316 in 2015
—

 
181,557

Capital leases
2,881

 
2,505

Total debt
1,401,781

 
1,501,100

Less unamortized debt issuance costs(1)
(16,508
)
 
(17,699
)
Less current and short-term debt
(22,138
)
 
(44,339
)
Total long-term debt
$
1,363,135

 
$
1,439,062
Schedule of Maturities of Long-term Debt
The following table sets forth the aggregate principal repayment requirements for all indebtedness for the next five years and thereafter, as of December 31, 2016:
(In thousands)
 
2017
$
22,138

2018
380,926

2019
145,377

2020
4,110

2021
500,000

Thereafter
350,000

Total payments on debt
1,402,551

Debt discount
(770
)
Total debt
$
1,401,781
Convertible Debt  
Debt Instrument [Line Items]  
Schedule of Long-term Debt Instruments [Table Text Block]
 
December 31, 2016
 
December 31, 2015
 
Principal Balance
 
Discount
 
Net
Carrying
Amount
 
Principal Balance
 
Discount
 
Net
Carrying
Amount
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
2029 Convertible Debentures
$
—

 
—

 
$
—

 
$
344,873

 
(163,316
)
 
$
181,557