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Debt (Tables) | 12 Months Ended
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Dec. 31, 2018
Debt Disclosure [Abstract] |
Schedule of Short-term and Long-term Debt | The Company’s short-term and long-term debt at December 31, 2018 and 2017 consisted of the following:
| December 31,
(in thousands) | 2018 |  | 2017
Short-term debt - non-recourse | $ | — |  |  | $ | — |
Short-term debt - recourse | 205,000 |  |  | 22,000 |
Total short-term debt | $ | 205,000 |  |  | $ | 22,000 |
Current maturities of long-term debt – non-recourse | $ | 4,842 |  |  | $ | — |
Current maturities of long-term debt – recourse | 16,747 |  |  | 54,205 |
Total current maturities of long-term debt | $ | 21,589 |  |  | $ | 54,205 |
Long-term debt, less current maturities – non-recourse | $ | 146,353 |  |  | $ | — |
Long-term debt, less current maturities – recourse | 349,834 |  |  | 418,339 |
Total long-term debt, less current maturities | $ | 496,187 |  |  | $ | 418,339 |
Schedule of Short-term Borrowings | The following information relates to short-term borrowings:
(in thousands, except percentages) | 2018 |  | 2017 |  | 2016
Maximum amount borrowed | $ | 555,000 |  |  | $ | 367,000 |  |  | $ | 412,000 |
Weighted average interest rate | 3.32 | % |  | 2.56 | % |  | 1.94 | %
Schedule of Long-term Debt | Long-term debt consists of the following:
| December 31,
(in thousands, except percentages) | 2018 |  | 2017
Note payable, 4.07%, payable at maturity, due 2021 | $ | 26,000 |  |  | $ | 26,000 |
Note payable, 4.55%, payable at maturity, due 2023 | 24,000 |  |  | 24,000 |
Note payable, 4.85%, payable at maturity, due 2026 | 25,000 |  |  | 25,000 |
Note payable, 6.78%, payable at maturity, paid 2018 | — |  |  | 41,500 |
Note payable, 4.92%, payable in increasing amounts ($2.0 million for 2018), plus interest, due 2021 (a) | 16,227 |  |  | 18,241 |
Note payable, 4.76%, payable in increasing amounts ($1.6 million for 2018) plus interest, due 2028 (a) | 44,330 |  |  | 45,936 |
Note payable, variable rate (4.85% at December 31, 2018), payable in increasing amounts ($1.3 million for 2018) plus interest, due 2023 (a) | 16,452 |  |  | 17,786 |
Note payable, 3.29%, payable in increasing amounts ($1.4 million for 2018) plus interest, due 2022 (a) | 18,918 |  |  | 20,293 |
Note payable, 4.23%, payable quarterly in varying amounts ($0.5 million for 2018) plus interest, due 2021 (a) | 9,948 |  |  | 10,479 |
Note payable, variable rate (4.19% at December 31, 2018), payable in varying amounts ($0.3 million for 2018), plus interest, due 2026 (a) | 8,417 |  |  | 8,762 |
Note payable, 4.76%, payable quarterly in varying amounts ($0.3 million for 2018) plus interest, due 2028 (a) | 8,288 |  |  | 8,581 |
Line of credit, variable rate (3.79% at December 31, 2018), payable at maturity, due 2022 | 50,000 |  |  | 100,000 |
Note payable, 3.33%, payable in increasing amounts ($1.1 million for 2018) plus interest, due 2025 (a) | 24,888 |  |  | 25,960 |
Note payable, 4.5%, payable at maturity, due 2030 | 16,000 |  |  | 16,000 |
Note payable, 5.0%, payable at maturity, due 2040 | 14,000 |  |  | 14,000 |
Note payable, variable rate (4.15% at December 31, 2018), payable quarterly, ($1.25 million for 2018) due 2024 (a) | 13,250 |  |  | 14,500 |
Industrial development revenue bonds: |  |  |
Variable rate (3.19% at December 31, 2018), payable at maturity, due 2019 (a) | 4,650 |  |  | 4,650 |
Variable rate (3.18% at December 31, 2018), payable at maturity, due 2025 (a) | 3,100 |  |  | 3,100 |
Variable rate (3.14% at December 31, 2018), payable at maturity, due 2036 | 21,000 |  |  | 21,000 |
Debenture bonds, 2.65% to 5.00%, due 2018 through 2032 | 27,323 |  |  | 30,432 |
| $ | 371,791 |  |  | $ | 476,220 |
Less: current maturities | 16,747 |  |  | 54,205 |
Less: unamortized prepaid debt issuance costs | 5,210 |  |  | 3,676 |
| $ | 349,834 |  |  | $ | 418,339 |
(a) Debt is collateralized by first mortgages on certain facilities and related equipment or other assets with a book value of $143.8 million

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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=84159872&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=75038535&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=84159872&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=84159872&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=84159872&loc=d3e21521-112644 + Details
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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + 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 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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