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DEBT (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Schedule of short-term debt

At March 31, 2023 and December 31, 2022, our notes payable, revolving credit facility and overdrafts consisted of the following:

			March 31, 2023						December 31, 2022
Overdrafts 1.46% to 15.40%			12,733						3,810
			$	12,733					$	3,810

Schedule of long-term obligations

At March 31, 2023 and December 31, 2022, our long-term obligations consisted of the following:

			March 31, 2023						December 31, 2022
Notes payable 0.00% – 16.42%, due in monthly and annual installments through 2028			$	28,093					$	29,167
Senior unsecured notes 1.0%, due in 2023			108,455						106,995
Senior unsecured notes 3.4%, due in 2024			50,000						50,000
Senior unsecured notes 3.5%, due in 2024			100,000						100,000
Senior unsecured notes 1.2%, due in 2024			216,910						213,990
Senior unsecured notes 3.6%, due in 2025			125,000						125,000
Senior unsecured notes 3.6%, due in 2026			125,000						125,000
Senior unsecured notes 3.6%, due in 2032, net of discount of $0.9 million			399,076						399,050
Finance Lease Liabilities			26,486						26,934
Unamortized debt issuance costs			(4,371)						(4,558)
			$	1,174,649					$	1,171,578
Current maturities of long-term obligations			(218,731)						(118,981)
Total long-term obligations			$	955,918					$	1,052,597

Schedule of maturities of long-term debt

The aggregate long-term maturities, excluding finance lease liabilities and unamortized debt issuance costs, which are discussed in Note 7, due annually from the current balance sheet date for the next five years and thereafter are:

Year One			$	215,607
Year Two			276,944
Year Three			258,681
Year Four			2,030
Year Five			74
Thereafter			399,198

Schedule of covenants on revolving credit facility and corporate long-term obligations

Our revolving credit facility and corporate long-term obligations require us to satisfy certain financial and other covenants including:

Requirement

Level at March 31, 2023

Consolidated Leverage Ratio (1)

Maximum of 3.50 to 1.00

1.80 to 1.00

Consolidated Interest Coverage Ratio (1)

Minimum of 3.00 to 1.00

14.19 to 1.00

________________________________________

(1)Definitions of ratios are included as part of the revolving credit facility agreement and the private placement agreements.

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