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Long-Term Debt (Tables) | 12 Months Ended
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Dec. 31, 2017
Long-term Debt, Unclassified [Abstract] |
Schedule Of Long-Term Debt | The following table presents information related to the purchase and repayments of the principal of the 2016 Notes:
|  | Amount
Date | Redemption price | BRL | $
November 25, 2015 | 93.75% | 40,000 |  |  | 9,995 |  |
November 30, 2015 | 93.75% | 7,039 |  |  | 1,715 |  |
January 29, 2016 | 97.75% | 1,180 |  |  | 288 |  |
April 21, 2016 | 100.00% | 421,765 |  |  | 118,797 |  |
May 5, 2016 | 97.00% | 4,025 |  |  | 1,106 |  |
July 13, 2016 | 100.00% | 200,991 |  |  | 60,965 |  |
Total |  | 675,000 |  |  | 192,866 |  |
Each loan under the agreement bore interest at the following annual interest rates:
Lender |  | Annual Interest Rate
Citibank N.A. |  | 3M LIBOR + 2.439%
Itaú BBA International plc |  | 5.26%
Banco Santander (Brasil) S.A., Cayman Islands Branch |  | 4.7863%
Bank of America N.A. |  | 3M LIBOR + 4.00%
JP Morgan Chase Bank, N.A. |  | 3M LIBOR + 3.92%
The following table presents additional information related to the 2027, 2023 and 2016 Notes (the "Notes"):
|  |  |  |  | Principal as of December 31, |  |
| Annual interest rate |  | Currency |  | 2017 |  | 2016 |  | Maturity
2027 Notes | 5.875 | % |  | USD |  | 265,000 |  |  | — |  |  | April 4, 2027
2023 Notes | 6.625 | % |  | USD |  | 348,069 |  |  | 393,767 |  |  | September 27, 2023
2027, 2023 and 2016 Notes (continued):
|  | Interest Expense (i) |  | DFC Amortization (i) |  | Accretion of Premium and Amortization of Discount (i)
|  | 2017 |  | 2016 |  | 2015 |  | 2017 |  | 2016 |  | 2015 |  | 2017 |  | 2016 |  | 2015
2027 Notes |  | 11,547 |  |  | — |  |  | — |  |  | 224 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
2023 Notes |  | 23,885 |  |  | 28,516 |  |  | 31,387 |  |  | 610 |  |  | 943 |  |  | 439 |  |  | 752 |  |  | 1,157 |  |  | 515 |
2016 Notes |  | — |  |  | 6,668 |  |  | 20,991 |  |  | — |  |  | 391 |  |  | 805 |  |  | — |  |  | (266 | ) |  | (496 | )
(i) | These charges are included within "Net interest expense" in the consolidated statements of income.
Long-term debt consists of the following at year-end:
|  | 2017 |  | 2016
2027 Notes |  | $ | 265,000 |  |  | $ | — |
2023 Notes |  | 348,069 |  |  | 393,767 |
Secured Loan Agreement |  | — |  |  | 167,262 |
Capital lease obligations |  | 4,539 |  |  | 4,704 |
Other long-term borrowings |  | 22,900 |  |  | 25,553 |
Subtotal |  | 640,508 |  |  | 591,286 |
Discount on 2023 Notes |  | (3,804 | ) |  | (5,029 | )
Premium on 2023 Notes |  | 1,438 |  |  | 1,910 |
Fair value adjustment related to Secured Loan Agreement (i) |  | — |  |  | (2,877 | )
Deferred financing costs |  | (4,641 | ) |  | (5,611 | )
Total |  | 633,501 |  |  | 579,679 |
Current portion of long-term debt |  | 4,359 |  |  | 28,099 |
Long-term debt, excluding current portion |  | $ | 629,142 |  |  | $ | 551,580 |
(i) | The carrying value of hedged items in fair value hedges, are adjusted for fair value changes to the extent they are attributable to the risks designated as being hedged. The related hedging instrument was also recorded at fair value included within "Derivative instruments" in current and non-current liabilities as of December 31, 2016.
The following table presents information related to the Secured Loan Agreement:
Interest Expense (i) (ii) |  | DFC Amortization (ii) |  | Other Costs (ii) (iii)
2017 |  | 2016 |  | 2015 |  | 2017 |  | 2016 |  | 2015 |  | 2017 |  | 2016 |  | 2015
$ | 2,570 |  |  | $ | 6,519 |  |  | $ | — |  |  | $ | 3,251 |  |  | $ | 814 |  |  | $ | — |  |  | $ | 2,249 |  |  | $ | — |  |  | $ | — |
(i) | These charges do not include the effect of the cross-currency interest rate swap agreements mentioned in Note 13, amounting to a loss of $6,921 and $18,177, during fiscal years 2017 and 2016, respectively. Including these effects the total interest cost amounts to $9,491 and $24,696, respectively.
(ii) | These charges are included within "Net interest expense" in the consolidated statement of income.
(iii) | Transaction costs related to the repayment of the Loan.
Schedule Of Future Payments Related To Long-Term Debt |
|  | Principal |  | Interest |  | Total
2018 |  | 4,359 |  |  | 40,920 |  |  | 45,279 |
2019 |  | 4,404 |  |  | 40,557 |  |  | 44,961 |
2020 |  | 3,895 |  |  | 40,217 |  |  | 44,112 |
2021 |  | 3,831 |  |  | 39,862 |  |  | 43,693 |
2022 |  | 4,040 |  |  | 39,468 |  |  | 43,508 |
Thereafter |  | 619,979 |  |  | 94,148 |  |  | 714,127 |
Total payments |  | 640,508 |  |  | 295,172 |  |  | 935,680 |
Interest |  | — |  |  | (295,172 | ) |  | (295,172 | )
Discount on 2023 Notes |  | (3,804 | ) |  | — |  |  | (3,804 | )
Premium on 2023 Notes |  | 1,438 |  |  | — |  |  | 1,438 |
Deferred financing cost |  | (4,641 | ) |  | — |  |  | (4,641 | )
Long-term debt |  | $ | 633,501 |  |  | $ | — |  |  | $ | 633,501 |

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + 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 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 4: http://www.xbrl.org/2003/role/presentationRef -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 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 + Details
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- 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://www.xbrl.org/2003/role/presentationRef -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
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