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Long-term debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of long-term debt

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

						2021						2020
2027 Notes						$	535,986					$	553,354
2023 Notes						201,763						216,593
Finance lease obligations						6,139						5,941
Other long-term borrowings						7,509						10,199
Subtotal						751,397						786,087
Discount on 2023 Notes						(687)						(1,147)
Discount on 2027 Notes						(5,960)						(7,358)
Premium on 2023 Notes						254						427
Premium on 2027 Notes						2,613						3,206
Deferred financing costs						(3,659)						(4,641)
Total						743,958						776,574
Current portion of long-term debt						4,741						3,129
Long-term debt, excluding current portion						$	739,217					$	773,445

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

															Principal as of December 31,
			Annual interest rate						Currency						2021						2020						Maturity
2027 Notes			5.875		%				USD						$	535,986					$	553,354					April 4, 2027
2023 Notes			6.625		%				USD						201,763						216,593						September 27, 2023

						Interest Expense (i)																		DFC Amortization (i)																		Amortization of Premium/Discount, net (i)
						2021						2020						2019						2021						2020						2019						2021						2020						2019
2027 Notes						$	32,175					$	20,269					$	15,569					$	758					$	402					$	299					$	805					$	133					$	—
2023 Notes						13,768						20,882						23,060						224						294						323						287						371						402

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

The table below summarizes certain payment terms for the Notes:

Senior Note						Principal amount outstanding						Late Tender Offer Consideration (i) (ii)			Tender Offer Expiration Date			Early Tender Offer Expiration Date						Early Tender Premium (i) (ii)			Total Consideration (i) (ii)
2027 Notes						$ 535,986						$ 999.38			May 13, 2022			April 29, 2022						$ 30.00			$ 1,029.38
2023 Notes						$ 201,763						—			April 22, 2022			—						—			$ 1,053.60

(i) Per $1,000 principal amount of applicable Notes, validly tendered and accepted for purchase, plus Accrued Interest.

(ii) Expressed as whole number.

Schedule of future payments related to long-term debt

At December 31, 2021, future payments related to the Company’s long-term debt are as follows:

						Principal						Interest						Total
2022						$	4,739					$	45,767					$	50,506
2023						204,596						45,449						250,045
2024						2,436						31,869						34,305
2025						663						31,763						32,426
2026						113						31,750						31,863
Thereafter						538,850						17,068						555,918
Total payments						751,397						203,666						955,063
Interest						—						(203,666)						(203,666)
Discount on 2023 Notes						(687)						—						(687)
Discount on 2027 Notes						(5,960)						—						(5,960)
Premium on 2023 Notes						254						—						254
Premium on 2027 Notes						2,613						—						2,613
Deferred financing cost						(3,659)						—						(3,659)
Long-term debt						$	743,958					$	—					$	743,958

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