XML 58 R47.htm IDEA: XBRL DOCUMENT v3.21.2
Debt (Schedule Of Short-term And Long-term Borrowings) (Details)
 1 Months Ended 9 Months Ended
Sep. 30, 2020
USD ($)
May 31, 2021
USD ($)
agreement
Aug. 31, 2020
USD ($)
Debt Instrument [Line Items]      
Total Borrowings   $ 117,298,000 $ 113,898,000
Short-term portion of borrowings   (800,000) (800,000)
Long-term borrowings   $ 116,498,000 113,098,000
Number of agreements | agreement   2  
Line of credit $ 50,000,000.0    
Series A Notes [Member]      
Debt Instrument [Line Items]      
Issuance [1]   Nov. 15, 2017  
Maturity date   Nov. 15, 2032  
Interest rate   3.39%  
Total Borrowings [1]   $ 17,200,000 18,000,000
Principal payment frequency of periodic payment   semi-annually  
Periodic payment amount   $ 400,000  
Periodic principal maturity   May 15, 2032  
Remaining principal payment   $ 8,400,000  
Series B Notes [Member]      
Debt Instrument [Line Items]      
Issuance [2]   Sep. 30, 2020  
Maturity date [2]   Nov. 15, 2027  
Interest rate   2.50%  
Total Borrowings [2]   $ 26,000,000  
Principal amount 26,000,000.0    
Series C Notes [Member]      
Debt Instrument [Line Items]      
Issuance [2]   Sep. 30, 2020  
Maturity date [2]   Nov. 15, 2030  
Interest rate   2.69%  
Total Borrowings [2]   $ 26,000,000  
Principal amount $ 26,000,000.0    
Series B and Series C Notes [Member]      
Debt Instrument [Line Items]      
Principal payment frequency of periodic payment   semi-annually  
Date of first interest payment 2021-05    
Credit Agreement - Revolving Credit Facility [Member]      
Debt Instrument [Line Items]      
Maturity date [2],[3]   Sep. 30, 2025  
Total Borrowings [2],[3]   $ 48,098,000 $ 95,898,000
Minimum [Member] | Series A Notes [Member]      
Debt Instrument [Line Items]      
Maturity year   2021  
Maximum [Member] | Series A Notes [Member]      
Debt Instrument [Line Items]      
Maturity year   2032  
[1] Principal payments are required semi-annually in May and November of each year in equal installments of $0.4 million through May 15, 2032. The remaining outstanding principal in the amount of $8.4 million will become due on November 15, 2032.
[2] On September 30, 2020, the Company refinanced $50.0 million of existing draws under its Credit Agreement in the United States through the issuance of two new $26.0 million notes (“Series B Notes” and “Series C Notes”, respectively) under its Note Agreement. Interest on these new notes is payable semi-annually in May and November of each year with no principal due until the maturity date. The first interest payment on both the Series B and Series C Notes was paid in May 2021.
[3] The Company has the ability to refinance any draw under the line of credit with successive short-term borrowings through the maturity date. Outstanding draws for which management has both the ability and intent to refinance with successive short-term borrowings for a period of at least twelve months are classified as long-term. As of May 31, 2021, the entire balance on this facility is classified as long-term and only contains amounts denominated in Euros and Pound Sterling. Euro and Pound Sterling denominated draws will fluctuate in U.S. Dollars from period to period due to changes in foreign currency exchange rates.