XML 47 R33.htm IDEA: XBRL DOCUMENT
v3.20.4

Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Debt [Abstract] |
Long-Term Debt | Long-term debt consisted of the following unsecured obligations at December 31:
(In thousands) |  | 2020 |  |  | 2019 |
3.66% senior notes due November 2023 |  | $ | 75,000 |  |  | $ | 75,000 |
3.65% senior notes due May 2024 |  |  | 27,000 |  |  |  | 27,000 |
4.19% senior notes due November 2025 |  |  | 25,000 |  |  |  | 25,000 |
1.85% Euro-denominated senior notes due November 2022 |  |  | 81,672 |  |  |  | 74,968 |
3.06% Euro-denominated senior notes due November 2023 |  |  | 46,722 |  |  |  | 42,887 |
1.27% Euro-denominated senior notes due May 2024 |  |  | 61,080 |  |  |  | 56,066 |
1.71% Euro-denominated senior notes due May 2027 |  |  | 48,864 |  |  |  | 44,853 |
2.53% British Pound-denominated notes due November 2023 |  |  | 34,176 |  |  |  | 33,143 |
2.76% British Pound-denominated notes due November 2025 |  |  | 34,176 |  |  |  | 33,143 |
Term loan |  |  | 8,375 |  |  |  | 51,438 |
Revolving Credit Facilities |  |  | 83,324 |  |  |  | 134,393 |
Various other notes |  |  | 1,647 |  |  |  | 783 |
Total debt |  |  | 527,036 |  |  |  | 598,674 |
Less debt fees |  |  | (143 | ) |  |  | (175 | )
Less current portion |  |  | (8,889 | ) |  |  | - |
Total long-term debt |  | $ | 518,004 |  |  | $ | 598,499 |
Contractual Maturities on Long-Term Debt | The aggregate amounts of contractual maturities on long-term debt subsequent to December 31, 2020, are as follows:
(In thousands) |  |  |
Year ending December 31, |  |  |
2021 |  | $ | 73,892 |
2022 |  |  | 100,481 |
2023 |  |  | 156,414 |
2024 |  |  | 88,210 |
2025 |  |  | 59,176 |
Thereafter |  |  | 48,863 |
Total long-term debt maturities |  | $ | 527,036 |
Restrictive Loan Covenants | Substantially all of the senior financing obligations contain restrictions concerning interest coverage, borrowings, and investments. The Company is in compliance with all of these restrictions at December 31, 2020. The following table summarizes the Company’s most restrictive loan covenants calculated in accordance with the applicable agreements as of December 31, 2020:
| Actual |  | Required
Debt to EBITDA(1) (Maximum) | 2.40 |  | <3.50
Interest Coverage (Minimum) | 6.61 |  | >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 | The Company’s short-term borrowings consisted of the following items at December 31:
(In thousands) |  | 2020 |  |  | 2019 |
U.S. credit facilities |  | $ | 138 |  |  | $ | 20,280 |
Current maturities of long-term debt |  |  | 8,889 |  |  |  | - |
Loans of foreign subsidiaries |  |  | 220 |  |  |  | 332 |
Total |  | $ | 9,247 |  |  | $ | 20,612 |

X
- Definition Tabular disclosure of restrictive loan covenants. + References No definition available. + Details
Name: | sxt_RestrictiveLoanCovenantsTableTextBlock
Namespace Prefix: | sxt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -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=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfShortTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration