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Long-term debt (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of long-term debt

Long-term debt consists of the following at year-end:

						2020						2019
2027 Notes						$	553,354					$	265,000
2023 Notes						216,593						348,069
Finance lease obligations						5,941						5,419
Other long-term borrowings						10,199						13,284
Subtotal						786,087						631,772
Discount on 2023 Notes						(1,147)						(2,504)
Discount on 2027 Notes						(7,358)						—
Premium on 2023 Notes						427						937
Premium on 2027 Notes						3,206						—
Deferred financing costs						(4,641)						(3,397)
Total						776,574						626,808
Current portion of long-term debt						3,129						3,233
Long-term debt, excluding current portion						$	773,445					$	623,575

The following table presents additional information related to the 2027 and 2023 Notes (the "Notes"):

															Principal as of December 31,
			Annual interest rate						Currency						2020						2019						Maturity
2027 Notes			5.875		%				USD						$	553,354					$	265,000					April 4, 2027
2023 Notes			6.625		%				USD						216,593						348,069						September 27, 2023

						Interest Expense (i)																		DFC Amortization (i)																		Amortization of Premium/Discount, net (i)
						2020						2019						2018						2020						2019						2018						2020						2019						2018
2027 Notes						$	20,269					$	15,569					$	15,569					$	402					$	299					$	299					$	133					$	—					$	—
2023 Notes						20,882						23,060						23,060						294						323						323						371						402						397

(i)These charges are included within "Net interest expense" in the consolidated statements of income.

Schedule of future payments related to long-term debt

At December 31, 2020, future payments related to the Company’s long-term debt are as follows:

						Principal						Interest						Total
2021						$	3,129					$	47,999					$	51,128
2022						4,126						47,796						51,922
2023						219,204						47,527						266,731
2024						2,204						32,949						35,153
2025						553						32,832						33,385
Thereafter						556,871						50,632						607,503
Total payments						786,087						259,735						1,045,822
Interest						—						(259,735)						(259,735)
Discount on 2023 Notes						(1,147)						—						(1,147)
Discount on 2027 Notes						(7,358)						—						(7,358)
Premium on 2023 Notes						427						—						427
Premium on 2027 Notes						3,206						—						3,206
Deferred financing cost						(4,641)						—						(4,641)
Long-term debt						$	776,574					$	—					$	776,574

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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.

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