XML 63 R43.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Long-Term Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Line of Credit Facility [Line Items] |
Schedule of Line of Credit Facilities [Table Text Block] | The following table summarizes our shelf agreements borrowing information at December 31, 2018:
(in thousands) |  | Total Borrowing Capacity |  | Less Amount of Debt Issued |  | Less Unfunded Commitments |  | Remaining Borrowing Capacity
Shelf Agreement |  |  |  |  |  |  |  |
Prudential Shelf Agreement |  | $ | 220,000 |  |  | $ | (70,000 | ) |  | $ | (100,000 | ) |  | $ | 50,000 |
MetLife Shelf Agreement |  | 150,000 |  |  | — |  |  | — |  |  | 150,000 |
NYL Shelf Agreement |  | 150,000 |  |  | (100,000 | ) |  | — |  |  | 50,000 |
Total |  | $ | 520,000 |  |  | $ | (170,000 | ) |  | $ | (100,000 | ) |  | $ | 250,000 |
Outstanding Long-Term Debt | Our outstanding long-term debt is shown below:
| As of December 31,
(in thousands) | 2018 |  | 2017
FPU secured first mortgage bonds: |  |  |
9.08% bond, due June 1, 2022 | $ | 7,986 |  |  | $ | 7,982 |
Uncollateralized Senior Notes: |  |  |
5.50% note, due October 12, 2020 | 4,000 |  |  | 6,000 |
5.93% note, due October 31, 2023 | 15,000 |  |  | 18,000 |
5.68% note, due June 30, 2026 | 23,200 |  |  | 26,100 |
6.43% note, due May 2, 2028 | 7,000 |  |  | 7,000 |
3.73% note, due December 16, 2028 | 20,000 |  |  | 20,000 |
3.88% note, due May 15, 2029 | 50,000 |  |  | 50,000 |
3.25% note, due April 30, 2032 | 70,000 |  |  | 70,000 |
3.48% note, due May 31, 2038 | 50,000 |  |  | — |
3.58% note, due November 30, 2038 | 50,000 |  |  | — |
Term Note due January 21, 2020 (1) | 30,000 |  |  | — |
Promissory notes | 26 |  |  | 97 |
Capital lease obligations | 1,310 |  |  | 2,070 |
Less: debt issuance costs | (567 | ) |  | (433 | )
Total long-term debt | 327,955 |  |  | 206,816 |
Less: current maturities | (11,935 | ) |  | (9,421 | )
Total long-term debt, net of current maturities | $ | 316,020 |  |  | $ | 197,395 |
(1) In December of 2018 we issued a $30.0 million unsecured Term Note through PNC Bank N.A. The maturity date of the Term Note is January 21, 2020. The Term Note bears interest at a rate equal to the one month LIBOR rate plus 75 basis points. The interest rate at December 31, 2018 was 3.23%
Schedule of Maturities of Long-term Debt [Table Text Block] | Annual maturities and principal repayments of long-term debt, excluding the capital lease obligation, are as follows:
Year |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | Thereafter |  | Total
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payments |  | $ | 10,626 |  |  | $ | 45,600 |  |  | $ | 13,600 |  |  | $ | 25,100 |  |  | $ | 20,600 |  |  | $ | 211,700 |  |  | $ | 327,226 |

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityLineItems
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 short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + 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(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + 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