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Debt (Tables) | 12 Months Ended
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Dec. 31, 2015
Debt [Abstract] |
Long-term debt | Long-term Debt Long-term debt consisted of the following unsecured obligations at December 31:
(in thousands) |  | 2015 |  |  | 2014 |
3.66% senior notes due November 2023 |  | $ | 75,000 |  |  | $ | 75,000 |
3.06% Euro-denominated senior notes due November 2023 |  |  | 41,545 |  |  |  | 46,270 |
1.85% Euro-denominated senior notes due November 2022 |  |  | 72,623 |  |  |  | — |
4.47% senior notes due November 2018 |  |  | 25,000 |  |  |  | 25,000 |
4.14% senior notes due November 2017 |  |  | 25,000 |  |  |  | 25,000 |
4.91% senior notes due through May 2017 |  |  | 77,000 |  |  |  | 88,000 |
3.77% senior notes due November 2016 |  |  | 25,000 |  |  |  | 25,000 |
Term loan |  |  | 167,875 |  |  |  | 98,750 |
Long-term revolving loan agreement |  |  | 103,343 |  |  |  | 65,987 |
Various other notes |  |  | 1,491 |  |  |  | 2,004 |
|  |  | 613,877 |  |  |  | 451,011 |
Less current maturities |  |  | — |  |  |  | — |
Total long-term debt |  | $ | 613,877 |  |  | $ | 451,011 |
Restrictive loan covenants | The Company is in compliance with all of these restrictions at December 31, 2015. The following table summarizes the Company’s most restrictive loan covenants calculated in accordance with the applicable agreements as of December 31, 2015:
|  | Actual |  |  | Required |
Debt to EBITDA(1) (Maximum) |  |  | 2.49 |  |  |  | 3.50 |
Interest Coverage (Minimum) |  |  | 7.60 |  |  |  | 2.00 |
| (1) | Debt to EBITDA is defined in the Company’s debt covenants as total funded debt divided by the Company’s consolidated operating income excluding non-operating gains and losses and depreciation and amortization.
Short-term borrowings | Short-term Borrowings The Company’s short-term borrowings consisted of the following items at December 31:
(in thousands) |  | 2015 |  |  | 2014 |
Uncommitted loans |  | $ | 18,580 |  |  | $ | 14,086 |
Loans of foreign subsidiaries |  |  | 2,075 |  |  |  | 1,802 |
Total |  | $ | 20,655 |  |  | $ | 15,888 |

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- Definition Restrictive loan covenants + References No definition available. + Details
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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. + References No definition available. + Details
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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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