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Long-term debt (Tables) | 12 Months Ended
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Dec. 31, 2018
Debt Disclosure [Abstract] |
Schedule Of Long-Term Debt | Long-term debt consists of the following at year-end:
|  | 2018 |  | 2017
2027 Notes |  | $ | 265,000 |  |  | $ | 265,000 |
2023 Notes |  | 348,069 |  |  | 348,069 |
Capital lease obligations |  | 6,503 |  |  | 4,539 |
Other long-term borrowings |  | 16,676 |  |  | 22,900 |
Subtotal |  | 636,248 |  |  | 640,508 |
Discount on 2023 Notes |  | (3,156 | ) |  | (3,804 | )
Premium on 2023 Notes |  | 1,187 |  |  | 1,438 |
Deferred financing costs |  | (4,019 | ) |  | (4,641 | )
Total |  | 630,260 |  |  | 633,501 |
Current portion of long-term debt |  | 3,836 |  |  | 4,359 |
Long-term debt, excluding current portion |  | $ | 626,424 |  |  | $ | 629,142 |
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 |  |
The following table presents information related to the Secured Loan Agreement:
Interest Expense (i) (ii) |  | DFC Amortization (ii) |  | Other Costs (ii) (iii)
2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016
$ | — |  |  | $ | 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.
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 |  | 2018 |  | 2017 |  | Maturity
2027 Notes | 5.875 | % |  | USD |  | $ | 265,000 |  |  | $ | 265,000 |  |  | April 4, 2027
2023 Notes | 6.625 | % |  | USD |  | 348,069 |  |  | 348,069 |  |  | September 27, 2023
|  | Interest Expense (i) |  | DFC Amortization (i) |  | Amortization of Discount, net (i)
|  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016
2027 Notes |  | $ | 15,569 |  |  | $ | 11,547 |  |  | $ | — |  |  | $ | 299 |  |  | $ | 224 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
2023 Notes |  | 23,060 |  |  | 23,885 |  |  | 28,516 |  |  | 323 |  |  | 610 |  |  | 943 |  |  | 397 |  |  | 752 |  |  | 1,157 |
2016 Notes |  | — |  |  | — |  |  | 6,668 |  |  | — |  |  | — |  |  | 391 |  |  | — |  |  | — |  |  | (266 | )
(i) | These charges are included within "Net interest expense" in the consolidated statements of income.
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%
Schedule Of Future Payments Related To Long-Term Debt | At December 31, 2018, future payments related to the Company’s long-term debt are as follows:
|  | Principal |  | Interest |  | Total
2019 |  | $ | 3,836 |  |  | $ | 40,537 |  |  | $ | 44,373 |
2020 |  | 3,355 |  |  | 40,243 |  |  | 43,598 |
2021 |  | 3,298 |  |  | 39,941 |  |  | 43,239 |
2022 |  | 3,493 |  |  | 39,598 |  |  | 43,091 |
2023 |  | 351,074 |  |  | 39,314 |  |  | 390,388 |
Thereafter |  | 271,192 |  |  | 57,175 |  |  | 328,367 |
Total payments |  | 636,248 |  |  | 256,808 |  |  | 893,056 |
Interest |  | — |  |  | (256,808 | ) |  | (256,808 | )
Discount on 2023 Notes |  | (3,156 | ) |  | — |  |  | (3,156 | )
Premium on 2023 Notes |  | 1,187 |  |  | — |  |  | 1,187 |
Deferred financing cost |  | (4,019 | ) |  | — |  |  | (4,019 | )
Long-term debt |  | $ | 630,260 |  |  | $ | — |  |  | $ | 630,260 |

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